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Overview
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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New Delhi to snub gas from sanctioned Russian Arctic project
The Indian oil secretary has said New Delhi will not make any LNG purchases from the sanctioned Russian Arctic LNG 2 project.
Belgium calls for coordinated approach to block Russian LNG imports
Belgium has followed the Netherlands in urging the EU to take tougher action on Russian LNG imports, stressing the need for the bloc to have a coordinated approach and adopt legislation to phase out the supplies faster.
Moldova still relies heavily on Transnistria's electricity in October
In October, Moldova will purchase 90% of its electricity from MoldGRES – the gas-fired power plant in separatist Transnistria that burns natural gas still provided for free through Ukraine by Russia.
Kyrgyzstan commences $410mn modernisation of oil refinery
Glencore to exit Russneft oil company by 2024
Commodity trading major Glencore could complete its exit from Russian oil company Russneft by the end of 2024 (Glencore owns 31.28 % of Russneft ordinary shares through Rambero Holding AG structure).
Putin tasks Gazprom with drawing up new long-term plan
Having posted its first annual loss in over two decades in 2023, Gazprom has now been tasked with coming up with a long-term plan for its development.
EU joint gas purchase platform sees limited signs of success
The EU’s joint gas procurement platform, launched last year to enable bulk-buying of more gas at lower prices, has covered only a mere fraction of the bloc’s demand.
Iranian president locks in gas pipeline deal with Russia
Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.
Azeri gas flow through Ukraine just a guise for Russian transit, says GTSOU head
The head of Ukraine’s gas transmission system operator has acknowledged that “Azeri” gas transited through Ukraine would still be Russian in origin.
FSUOGM: Netherlands urges more sanctions on Russian LNG
Naftogaz Group posts fourfold profit surge in first half of 2024
Ukrainian state energy company Naftogaz Group reported a consolidated net profit of UAH24.4bn ($670mn) for the first half of 2024, nearly quadrupling its earnings compared to the same period last year.
Aliyev asks oil companies to increase Caspian production
Slovak gas storage capacities are over 95% full
Russian gas transit through Kazakhstan up significantly this year
Russian oil dinosaur SurgutNG plans to maintain output
Russian oil major SurgutNefteGas (SurgutNG or Surgut) plans to maintain its oil output and refining output in 2024 at the level of 2023, Renaissance Capital wrote on September 27 citing the CEO of Surgut Vladimir Bogdanov at the Russian Energy Week.
Putin wants to see 10-year plan for Gazprom
Russia’s President Vladimir Putin has requested that state natural gas giant Gazprom prepare a ten-year development plan, taking into account “sustainable development” goals and creating infrastructure for the “changing supplies geography”.
Turkey, Azerbaijan exploring renewable energy corridor
Uzbekistan's gas imports expand sixfold in 8M24 to $1.2bn
Serbia signs new gas contracts with Azerbaijan
Serbia and Azerbaijan have signed new gas contracts to bolster Serbia’s energy security, guaranteeing the country one million cubic meters of gas per day this winter.
Tax cuts for Russian gas giant Gazprom despite higher state spending
Russian natural gas giant Gazprom will have its tax burden cut in 2025 despite the notable hike in federal budget expenditures, Bloomberg reports citing the unpublished three-year federal budget.
Russian oil shipments to Turkey drop in August
Due to the repairs on a major refining facility,Turkey, Russia’s third largest oil buyer, has halved its imports of Russian oil in August 2024 to under 200,000 bpd from 400,000-450,000 bpd in early summer.
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