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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Sechin rails against energy transition, calls for Russian policy changes

11 June 2024

Renewable energy sources cannot provide energy security, Rosneft CEO Igor Sechin said in a speech at the St Petersburg International Economic Forum (SPIEF) on June 8, urging policy makers to revise energy transition strategies.

European gas market remains exposed to gas supply shocks

11 June 2024

A recent unplanned outage in Norway has highlighted how the European gas market remains exposed to supply shocks despite high levels of storage.

SOCAR Trading expands role in carbon quotas and European hydrocarbon supply

7 June 2024

SOCAR Trading, the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR), is advising SOCAR and AzerEnergy on forming carbon quota portfolios and selecting equipment to reduce greenhouse gas emissions.

SOCAR aims to boost oil recovery and standardise operations in the Caspian Sea

7 June 2024

SOCAR (State Oil Company of Azerbaijan Republic) plans to increase the oil recovery factor at the Azeri-Chirag-Gunashli (ACG) oil field block, vice president Babek Huseynov announced at the 29th Baku Energy Forum.

Total Energies expects higher yield from the Absheron gas field

7 June 2024

TotalEnergies JV and Development Director Jason Fish have revealed that the Caspian Absheron field in Azerbaijan has significant potential for increased gas and condensate production.

Gazprom’s business will take at least a decade to recover from the impact of the Ukraine war

6 June 2024

The business of Russian gas giant Gazprom will take at least a decade to recover losses incurred from Moscow's full-scale invasion of Ukraine, according to a report commissioned by the company released on June 5.

OPEC+ extends cuts, to unwind voluntary limits

6 June 2024

OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions

Aliyev opens Baku Energy Week

6 June 2024

Azerbaijani President Ilham Aliyev inaugurated the 29th International Caspian Oil & Gas Exhibition and the 12th Caspian International Power and Green Energy Exhibition as part of Baku Energy Week at the Baku Expo Centre on 5 June.

Hungary's MVM acquires stake in Shah Deniz gasfield

6 June 2024

Acquiring a stake in this gas field "provides us with protection against significant energy price fluctuations", says Hungarian Foreign Minister Peter Szijjarto.

Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan

6 June 2024

The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.

Azerbaijan and UAE's Masdar sign agreements for three major renewable energy projects

5 June 2024

During Baku Energy Week, the State Oil Company of Azerbaijan (SOCAR) and the United Arab Emirates Masdar company signed Shareholder Agreements for three renewable energy projects.

SOCAR reports 9.2 bcm of gas production at Umid field since 2012

5 June 2024

Umid gas-condensate field, located in the Azerbaijani sector of the Caspian Sea, has produced 9.2 bcm of gas from its commissioning until 1 May, 2024.

Edited by

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