FSUOGM - Former Soviet Union Oil & Gas

Oil & Gas


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Russia and the other former Soviet republics are often viewed as remote and obscure, but FSU OGM sheds light on the vital role these countries play in world energy markets. It explains the region's status as a key player in the EU's energy planning, while also focusing on the progress of efforts to expand deliveries to Asia.

Leading commentaries in recent years have covered the economic consequences of political unrest in Ukraine, efforts to open the Southern Gas Corridor between the Caspian Sea Basin and the EU, competition between Russia and Central Asia for access to the Chinese gas market and the continued rise in Russian liquids production.

Our journalists on the ground have a wealth of local experience and are proficient in Russian and other languages in Central Asia, allowing us to provide an unparalleled level of industry coverage.

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Russia-EU gas crisis enters next phase as Germany, Italy and France all report cuts in supply

20 June 2022

The crisis in the EU-Russia gas relationship has taken another turn for the worse, with Germany, Italy and France all reporting cuts in supply after all three countries backed Ukraine’s bid for EU candidate status.

COMMENT: Fiscal challenge for Azerbaijan is to not spend the oil price boom

20 June 2022

Counter-cyclical fiscal policy needed. Among other things, more modest budget spending would help country combat soaring inflation.

Face to face with Putin, Kazakhstan’s president refuses to recognise Ukraine breakaway republics

20 June 2022

Hours later, Moscow announces difficulties with Kazakh oil shipments. Some analysts, however, argue the Kremlin benefits from Nur-Sultan’s moves to avoid sanctions.

Gazprom, CNPC sign technical agreement on Far East gas route to China

19 June 2022

Russia’s Gazprom and China National Petroleum Corp. (CNPC) have signed a technical agreement on a Far East route for supplying Russian natural gas to China.

FBK accuses Putin and Miller of using Gazprom as “bottomless purse” in latest scandal report

18 June 2022

A report by Navalny's Anti-Corruption Foundation claims Gazprom CEO Alexey Miller has allegedly embezzled from Russia's gas giant to fund a network of properties and offshores. Putin's inner circle is also accused of profiting from the theft.

Europe's gas storage tanks already half full, but will it be enough?

17 June 2022

Gazprom cuts supplies of gas as Europe races to fill its storage tanks. These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter.

Calls growing for a price cap on Russian oil exports

15 June 2022

Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.

Russia announces it will slash gas flow via Nord Stream 1 by 60%

15 June 2022

Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.

The EBRD will lend up to €300mn to Naftogaz

15 June 2022

The European Bank for Reconstruction and Development (EBRD) has pledged to lend up to €300mn to Naftogaz as concerns arise over this year’s heating season, Ukraine Business News reported on June 15.

Turkmenistan: Masks off

15 June 2022

Uniting in paranoia with Russia, warming to Iran, and opening for business. This and more in Eurasianet's weekly Turkmenistan briefing.

Fuel, oil, gas and coal will no longer be exported from Ukraine

14 June 2022

Ukraine has banned the export of fuel, oil, gas and coal amid concerns over the winter months, Ukraine Business News reported on June 14.

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