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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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Serbia and Azerbaijan discuss strategic gas power plant project in Nis
Serbia and Azerbaijan are in talks to develop a gas power plant in Nis, Serbia.
Ukraine’s natural gas production rises in 2024, but challenges loom
Ukraine's natural gas production increased by 2.3% in 2024, totalling 19.12bn cubic metres.
Gas sales of Russian Novatek down 1% in 2024
Sales of Russian natural gas and LNG major Novatek inch up in 2024 despite sacntions.
Azerbaijan’s oil refining and exports fall, gas output and exports rise in 2024
Azerbaijan’s oil refining fell by 10.8% y/y to 5.8mn tonnes in 2024, down from 6.5mn tonnes in 2023, according to Energy Ministry data.
Kazakhstan expects return to full capacity production at Tengiz on January 18 following end of repairs
Russia reportedly to resume natural gas supplies to Moldova’s separatist Transnistria region
Russia will soon resume gas supplies to the pro-Russian separatist region Transnistrian region, the leader of the region, Vadim Krasnoselski, announced during a press conference after his visit to Moscow.
EU mulls bans on Russian aluminium, LNG for 16th sanction package
EU is reportedly considering a ban on imports of Russian primary aluminium and liquefied natural gas (LNG) in its 16th package of sanctions against Russia.
Dozens of LNG carriers to dock at Russian terminals this month
Dozens of LNG tankers are set to load at Russian terminals this month, with shipments destined for Europe and Asia, despite Western sanctions targeting Moscow’s energy sector.
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
Russia earns more in oil revenues in 2024, despite drop in shipments
Russia’s oil exports fell 2.7% in 2024 as a result of increased Western sanctions and a decline in crude shipments, but higher oil prices drove the country’s revenue up by $3.8bn to $246.2bn.
Serbia's NIS says operations largely unaffected by US sanctions
Serbian oil company Naftna Industrija Srbije (NIS) has assured stakeholders that its operations remain largely unaffected following US sanctions announced on January 10.
Russian Gazprom said to be planning mass layoffs
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
The pro-Russian separatist region is suffering from acute energy shortages since Gazprom cut supplies to Moldova on January 1.
Russian oil major Lukoil to replace sanctioned CEO
The board of the Russian oil major Lukoil on January 13 considered an early dismissal of the company's CEO Vadim Vorobyov and the appointment of a new CEO.
US pressure on SLB to leave Russia mounts
Two members of the US Congress, Lloyd Doggett and Jake Auchincloss, have notified oilfield services giant SLB (former Schlumberger) that its work in Russia violates the latest sanctions against the latter's oil sector.
US EIA maintains Azerbaijan's oil output forecast through 2025, adds 2026 projection
The US Energy Information Administration (EIA) has updated its forecasts for Azerbaijan's daily oil and liquid hydrocarbon production for 2024-2025.
Hungary expands gas export capacity to Slovakia
Hungary will raise its annual gas export capacity to Slovakia to 3.5bn cubic metres from 2.63 bcm starting in April.
OMV expects $215mn gain from Russian gas arbitration ruling
Austrian energy group OMV expects to net a €210mn gain in its fourth-quarter earnings following an arbitral award tied to a gas supply contract with Russia's Gazprom.
Czechia wraps up work on pipeline expansion to end reliance on Russian oil
Czechia is on track to end its reliance on Russian oil within the next few months following the completion of key technical work on the TAL-PLUS oil pipeline expansion.
New US oil sanctions, attack on Turkstream shake up global energy markets
The Biden administration imposed the harshest ever oil sanctions ever on Russia on January 10, which immediately roiled the international energy markets. Kyiv's attempt to destroy Russia's last gas pipeline to Europe unsettled markets further.
Ten EU members call for ban on Russian pipeline gas and LNG
Ten member states of the European Union have prepared a document asking the bloc to ban imports of Russian pipeline gas and LNG.
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