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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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Gazprom sees gas production drop by quarter in H1
The country’s premier gas producer lifted 179.5bn cubic metres in the six-month period, down 24.7% y/y.
Russian diesel export ban hits an already tight market
In a move to stabilise domestic fuel prices, Russia announced a snap ban on diesel and gasoline exports on September 21, amplifying the strain on an already tight global fuel market and remaking the global supply chains.
Kazakhstan pledges more oil on longer-term basis for Germany
During a visit to Berlin, Kazakh President Kassym-Jomart Tokayev said his government was prepared to assist Germany in its effort to find alternatives to Russian oil, which it stopped importing at the end of last year.
Moldovan trader signs gas deal with BOTAS
Gazprom Neft launches new eco-generation complex at the Omsk refinery
Russia continues to modernise its refineries with the support of Gazprom Neft, diversifying and stabilising the domestic market as well as increasing compliance with environmental requirements.
Plans for doubling Azerbaijan's gas flows to Europe on hold
Expansion of the Southern Gas Corridor pipelines carrying Azerbaijani gas to Europe is on hold pending confirmation that Europe will buy the gas. Baku's offensive to retake Nagorno-Karabakh could further complicate things.
Transneft and Kazakhstan sign agreement on transit of Kazakh oil through Russia in 2024.
Novatek pushes for state support for hard-to-recover gas resources
Developing hard-to-recover natural gas reserves in Russia requires a special state support programme, Vladimir Kudrin, the deputy chairman of the board of the country’s top LNG exporter, Novatek, said at a forum in Tyumen on September 20.
Russia ramps up oil well commissions this year
Russia commissioned 14% more oil wells in the January-July period of this year than the corresponding period of last year, sources with access to energy ministry statistics told the Moscow-based Vedomosti newspaper on September 19.
Turkey strikes deal to export natural gas to Romania
FSUOGM: Russia avoids most of the G7 oil sanctions on its exports
Caspian Sunrise reports 21% decrease in 1H23 pretax profit
Russia avoids most of the G7 oil sanctions on its exports
Russia has managed to avoid G7 sanctions on most of its oil exports, a development that will bolster the Kremlin's revenues as crude oil prices surge towards $100 per barrel, the Financial Times reported on September 24.
ING: Diesel supply concerns grow with Russian export ban
Middle distillate markets received another boost yesterday after Russia announced that it would be temporarily banning diesel and gasoline exports. This is at a time when there is already plenty of concern around middle distillate availability.
Former CFO of Russian gas major Novatek jailed in US
Mark Anthony Gyetvay, a former deputy chief and CFO of the Russian Novatek, was sentenced on 21 September to seven years and two months in a US prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts.
Russian pipe major TMK to hold SPO on Moscow Exchange
Russian oil and gas pipe maker TMK will hold a secondary public offering of around 15mn shares, or 1.5% of the issued capital, at a price of RUB205-RUB235 per share on the Moscow Exchange,
US to impose new sanctions on Russia’s booming LNG exports
The US is piling the pressure on Russia’s booming LNG exports with a new round of sanctions that will make production and transport more complicated. The latest round of sanctions takes aim at Russia's LNG expansion and trade efforts.
Russia bans fuel exports as deliveries to military surge
Russia has temporarily banned the export of gasoline and diesel to all countries outside a group of four ex-Soviet states, aiming to stabilise its domestic fuel market, as supplies of diesel to the military surge.
Kashagan presses forward with project to commercialise 1bn cubic metres of associated gas
CPC reports 9% expansion in oil throughput in 8M23
Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project
In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.
Indian oil firms seek solution for stranded dividend income purchases
India’s public sector oil companies are keen to pursue any and all options to utilise their frozen dividend income sitting idle in Russian bank accounts.
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