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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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The UK bought almost GBP1.5bn worth of oil from Azerbaijan from October 2022 to September 2023
Trade turnover between Azerbaijan and the UK for the period from October 2022 to September 2023 increased by 20.7%, to approximately GBP1.5bn, the UK Department of Business and Trade said.
Adding Saudi Arabia to the BRICS to create a commodities powerhouse
The potential inclusion of the United Arab Emirates, Iran, and possibly Saudi Arabia into the BRICS group of nations would create a commodities powerhouse that controls the bulk of global oil and gas deposits, analysts at S&P Global suggest.
Azerbaijan increased condensate production by 3.9% in 2023
Gas condensate production in Azerbaijan in 2023 amounted to 5.215mn tonnes, which is 3.9% higher than in 2022, the State Statistics Committee said.
Shell’s LNG output drops 5% in 2023 after unloading Sakhalin-2 project
Oil major Shell reported a 5% fall in its LNG output in 2023 following the sale of its stake in Russia’s Sakhalin-2 project.
TSX-listed Condor Energies secures contract to boost natural gas production and cut emissions in Uzbekistan
Kazakhstan takes over firm responsible for constructing processing facility for Kashagan oil and gas project
Moldova may return to Russian gas if it’s cheap
Russia oil product exports fall by a third due to Ukrainian drone attacks on refineries
Russia is increasingly struggling to maintain the export of oil products after at least half a dozen long-distance Ukrainian drone attacks on refineries caused fires causing temporary halts in production at facilities across western Russia.
Russia drafts law banning aircraft flying over oil facilities
Russia’s energy ministry has proposed restricting flights over fuel and energy facilities, following a series of drone attacks by Ukraine on strategic energy infrastructure.
Analysts ask questions of Rosneft gas output numbers
Inpex sheds stake in East Siberian oil project to Itochu
Japanese oil and gas producer Inpex is selling its minority stake in Russian oil project INK-Zapad in Eastern Siberia to Japanese trading firm Itochu
The oil and gas industry is poised to invest over $1 trillion in new gas supplies, driven by Europe's rising demand
The oil and gas industry is poised to invest over $1 trillion in natural gas supplies, responding to Europe's robust demand, which will invest a quarter ($223bn) of that amount alone by 2033, according to a report from Global Witness.
China's Sinopec to join KazMunayGas project to create major polyethylene plant in Kazakhstan
Russia could set no-fly zones over energy infrastructure
“Masked Russian oil” supplied via Turkish terminal has even ended up in US warships, claim senators
Is this the last year of Russian gas transit via Ukraine?
Ukraine has insisted it has no intention of renewing its gas transit contract with Russia that is due to expire at the end of this year.
IEA predicts Russian pipe gas exports to stabilise in 2024
Russian gas pipeline supplies to Europe should stabilise in 2024 at the same level as last year – a year in which they crashed to their lowest level since the 1970s.
Transnistria’s overdue debt to Gazprom exceeds €10bn
IndustriALL Global Union urges Kazakh authorities to end persecution of striking oil workers
Gas output of Russian oil major Rosneft hits record in 2023
Russia’s Sibur switches to domestic market as local polymer demand rises
Sibur, Russia’s biggest producers of polymers and rubbers, said it boosted sales on the home market as demand for its output continued to rise across various sectors of the economy.
Gas output of Russian oil major Rosneft hits record in 2023
Russia’s largest crude oil producer state-controlled Rosneft increased its gas output by 42.5% year on year to 106bn cubic metres.
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