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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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Italy spent $7.4bn on oil imports from Azerbaijan in 2023
Uzbekistan, Russia planning gas chemical complex in Bukhara
Azerbaijan becomes the main supplier of pipeline gas to Bulgaria in 2023
EU countries such as Italy, Greece and Bulgaria imported a record 492,900 terajoules of natural gas from Azerbaijan, marking a 2.5% increase from 2022, with the total value of these imports reaching about €6.2bn.
Uzbekistan plans $500mn investment to boost Russian gas imports
Domestic production is declining as existing fields become exhausted.
Indications grow Turkey-Russia trade hit by tightened US sanctions
Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.
Son of top Russian oil boss Sechin drops dead at age of 35
The 35-year-old son of Igor Sechin, CEO of Russian oil major Rosneft and a close ally of Russian President Vladimir Putin, dropped dead in mysterious circumstances, it was reported on February 21.
Azerbaijan and US agree to cooperate in expanding infrastructure for gas exports to Europe
Azerbaijani Energy Minister Parviz Shahbazov met in Washington with Deputy Special Envoy of the US President for Climate Change Rick Duke and Assistant Secretary of State for Energy Resources Geoffrey Pyatt during this trip to the US.
The EU bought almost €100mn worth of methanol from Azerbaijan in 2023
The countries of the European Union imported about 260700 tonnes of methanol from Azerbaijan in 2023, which is 0.4% less than in 2022 according to data from the Statistical Office of the European Union (Eurostat).
Ukraine offers 10 bcm of gas storage capacity in 2024
Ukraine plans to offer up to 10 billion cubic metres (bcm) of capacity in its underground gas storage (UGS) facilities to foreign traders in 2024, state energy company Naftogaz announced on Tuesday.
Turkmenistan: Sowing the seeds
TAPI pipeline recurrences, wheat woes and dreaming about satellites. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Russia’s Rosneft oil major posts $14bn profit for 2023
Russian state-controlled oil major Rosneft posted 2023 IFRS financial results under which revenues grew by 1.3% y/y to RUB9.2 trillion, EBITDA increased by 18% y/y to RUB3 trillion.
Dutch court turns down Russia’s Yukos appeal
Russian regional oil major Bashneft posted $1.9bn for 2023
EU countries increased supplies of petroleum products to Azerbaijan by three quarters in 2023
Kazakhstan set to manufacture Jet A-1 aviation fuel
Regulated natural gas prices to decrease by 20-33% in Moldova
Ukrainian gas storage boosts EU savings, raises eyebrows on energy strategy
Ukrainian gas storage facilities have emerged as a crucial lifeline for EU companies, enabling savings of over $300mn and serving as a key component of Europe's winter energy strategy.
The opaque oil-trading ring that is funding Russia’s war
EU says no need to extend Ukrainian gas transit deal
The European Commission finally states position on future of Russian gas transit via Ukraine.
Putin plays down loss of European gas revenues
Vladimir Putin has brushed off the impact of Russia’s loss of market share in Europe over the past two years, stressing the country’s ability to find alternative markets and diversify its economy away from energy.
One of worst-ever methane leaks seen in Kazakhstan in 2023
One of the worst methane leaks that has ever been detected occurred at a remote well in Kazakhstan last year.
KMG sets up fuel trade joint venture with CNPC
Kazakhstan’s national oil champion Kazmunaigas registered a new joint venture with China’s CNPC in December last year for the domestic trading of oil and petroleum products.
Kazakhstan hikes oil exports to Europe by 19% in 2023
Kazakhstan expanded exports of oil and gas condensate to the European market, including Turkey and Israel, by 19% y/y in 2023.
Novatek reportedly restarts operations at Ust-Luga complex
Russian gas producer Novatek resumed the processing of gas condensate at its complex at Ust-Luga on the Baltic Sea coast on February 11.
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