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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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Russia's Zvezda shipyard delays deliver of Arc7 carriers for Arctic LNG-2
The Zvezda shipyard in the Russian Far East is not expected to deliver the lead Arc7 LNG carrier for Novatek’s Arctic LNG-2 terminal by the end of this year as initially planned, Moscow-based newspaper Kommersant reported on October 30.
Three drone strikes reported in Bashkortostan on October 31
There were three drone attacks against energy facilities in Russia’s Bashkortostan republic on October 31, though damage was minimal.
Kazakhstan lowers oil output forecast for 2024 by 2.5%
Kazakhstan’s oil production is projected to exceed 88mn tonnes this year.
TotalEnergies' unreceived dividends from Russia to reach $1.5-2.0bn by year-end, says CEO
French oil major TotalEnergies’ dividends from its joint projects with Novatek that cannot be transferred out of Russia could reach between $1.5-2.0bn by the end of this year.
Ukraine seeks investors for Zaporizhzhia Titanium Institute and Prykarpattia oil refinery
Eni and KMG conclude drilling at Abay offshore block with no commercial hydrocarbons found
Hit indirectly by sanctions, Mongolia struggles to find workarounds
Landlocked country in awkward position of trying to maintain neutrality while dependent on Russia for fuel and heavily reliant on China for export revenues and consumer products.
Igdir-Nakhchivan gas pipeline set for completion
The Igdir-Nakhchivan gas pipeline is expected to be completed in the coming days, according to Turkey's Consul General in Nakhchivan, Asip Kaya,
Russian gas giant Gazprom inches up 2024 investment programme
Western Kazakhstan facing significant LPG shortage
Turkmenistan aiming for 116 bcm of annual gas production by 2029
Finland seizes Russian state property following Ukraine’s lawsuit
Finland has begun seizing Russian state-owned property, including real estate tied to Russian entities under EU sanctions, following a lawsuit filed by Ukraine’s Naftogaz.
TAL pipeline expansion nears finish, offering Czech Republic a future free of Russian oil
The project aimed at replacing Russian crude is being achieved in “an incredibly short period”, the CEO of the Czech Republic’s state oil pipeline operator told NewsBase.
Rosneft's legal attempt to block Shell refinery sale in Germany fails
A German court has rejected a complaint by Rosneft against Shell’s move to sell its stake in Germany’s 220,000 barrel per day Schwedt oil refinery.
Russia’s Lukoil recommends 1H24 interim dividend
The board of Russia’s second largest oil company Lukoil recommended an interim dividend of RUB514/share for 1H24, corresponding to a 7.6% dividend yield to the closing share price on October 25.
Austrian court unblocks assets of Russian petrochemical major Sibur
Russian petrochemical major Sibur unblocked the assets of its export subsidiary Sibur International with the decision of Vienna's Higher Land Court.
Turkmen gas exports to Russia reportedly return to nil as efforts at finding new price agreement founder
Russia’s Arctic LNG 2 shuts down for winter as sanctions bite
Russian state-run firm Novatek has shut down its Arctic LNG 2 plant in northwestern Siberia for the winter months.
Gazprom to untap Eastern Siberian "white" hydrogen potential
Gazprom is assessing the potential for extracting natural, so-called “white” hydrogen from its natural gas fields in Eastern Siberia, the head of the Russian state company’s hydrogen-focused subsidiary said at a conference in Moscow.
Russian gasoline prices set for continued decline till year-end
Wholesale gasoline prices in Russia began falling in the second half of this month after a spike in September, with expectations that this decline will continue throughout the rest of the year.
Deadline for booking Russian gas transit through Ukraine passed in July, says Putin
The deadline for booking Russian gas transit capacity via Ukraine next year already passed in July, according to Putin.
EU Parliament calls for bloc to end reliance on Azeri gas
MEPs have called for the EU to scrap plans to double Azeri gas shipments – a central part of the plan to eliminate remaining Russian supplies.
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