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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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Azerbaijan to increase the transit of Kazakh oil via the BTC oil pipeline to 2.2mn tpy
The State Oil Company of Azerbaijan (SOCAR) and Kazakhstan's KazMunayGas (KMG), following the results of high-level negotiations, signed two documents on March 11 in Baku.
SOCAR establishes a "green" daughter company
The State Tax Service (STS) of Azerbaijan registered SOCAR Green LLC (a subsidiary of SOCAR) with an authorised capital of $16.5mn.
FDI flow from China to Eurasia is ebbing
Lots of talks, but no new deals are being announced.
Russian refining runs recover after drone strikes
Russia’s oil refining sector has recovered from disruptions caused by a series of Ukrainian drone strikes earlier this year, with throughput picking up in the second half of February.
Petrofac bags $200mn contract at Turkmenistan's Galkynysh field
UK oilfield services company Petrofac has secured a $200mn operations contract from Turkmenistan’s state-owned Turkmengas for work at the Galykynish gas field in the east of the Central Asian country.
Gazprom seeks $934mn in damages from Polish companies
Russia’s Gazprom is looking to recover $934mn in damages from Polish companies Europol Gaz and Orlen, as well as consulting firm Ernst and Young, at an arbitration court in St Petersburg.
Germany extends trusteeship over Rosneft assets
The German ministry has extended its trusteeship over the assets in the country belonging to Rosneft for a third time, giving the Russian state oil producer more time to seek a sale.
Uzbekistan pays only $160 per 1,000 cubic metres for Russian gas
Russia’s Gazprom sold gas to Uzbekistan for only $160 per 1,000 cubic metres in 2023 – significantly less than the price it charges China and Turkey, and what it used to charge to European customers.
Kazakhstan to increase oil exports to Germany
Kazakhstan can raise crude oil supplies to refineries in Germany to 2mn tonnes per year in 2024.
KazTransOil ships 100,000 tonnes of oil to Germany
SOCAR and KazMunayGas intend to gradually increase the transit of Kazakh oil through BTC
President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf on March 9 held a meeting with the chairman of the board of KazMunayGas (KMG), Magzum Mirzagaliyev.
LSE-listed Petrofac wins $200mn services contract to provide for Turkmenistan’s Galkynysh gas field
Czech Net4Gas faces a fine of €113mn in Russia
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
Statement explains restructuring that transferred Russian firm’s controlling stake in company to Hong Kong entity.
Turkish oil terminal refuses imports of Russian oil
Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.
Kazakhstan’s LPG consumption up 28% y/y in 2023
Turkey signs MoU to transport Turkmen gas to Europe
Turkey and the Central Asian state of Turkmenistan last week signed a memorandum of understanding regarding the transport of Turkmen gas across Turkey to Europe and a letter of intent for cooperation in the field of natural gas.
Major Uzbek gas storage expansion project linked to Russian “stoligarch” and Putin friend Timchenko
News investigation also sheds light on involvement of Uzbekistan energy tycoon Bakhtiyor Fozilov. Russia plans to up gas deliveries to Central Asian nation fivefold.
Azerbaijan eyes gas exports to Albania in 2025-26
The start of gas flow to Albania will become possible after the capacity of the Trans-Adriatic Pipeline is expanded by the end of 2025 from 10 to 11.2bn cubic metres per year, according to the ministry.
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
Kazakh court reinstates $5bn fine against Kashagan developers
The consortium developing Kazakhstan’s largest offshore oilfield, Kashagan, has had a $5bn environmental fine reinstated by an appeals court in Astana.
Fossil fuels needed "for foreseeable future", says Azeri leader
Azeri President Ilham Aliyev has said his country is committed to the energy transition, but has stressed that the world will continue to need fossil fuels for the foreseeable future.
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