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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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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.
Turkmenistan cuts methane emissions by 10% in 2020-23
Turkmenistan managed to reduce its methane emissions by 10% in 2023 versus the level three years earlier.
SOFAZ reports stock portfolio gains and substantial budget transfers as of October 2024
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has earned $6.4bn from its stock portfolio since its inception until September 30, 2024.
Azerbaijan's oil and gas production rises in January-September 2024, while crude output declines
In the first nine months of 2024, Azerbaijan produced a total of 25.98 bcm of natural gas from its gas fields, reflecting a 5.61% increase y/y.
Turkmenistan’s 9M24 gas exports to China worth $7.4bn, Russia takes second place with $6.1bn
Uzbekistan’s natural gas imports expand 2.62-fold in 9M24
ASX-listed TMK Energy strikes 60-metre coal seam in pilot well at Gurvantes XXXV project in Mongolia
Kazakhstan seeks role in delivering TAPI pipeline
Kyrgyzstan starts pumping crude at two long-dormant fields
China overtakes Europe in Russian pipeline gas exports
Russian natural gas giant Gazprom exported 23.7bn cubic metres of natural gas to China in 9M24, up by 40% year on year, according to Bloomberg calculations.
Serbia negotiates new long-term gas deal with Russia
Serbia’s President Aleksandar Vucic has reached an agreement with Russian President Vladimir Putin on favourable gas prices and plans to discuss a long-term supply arrangement, Vucic announced on October 21.
Azerbaijan's GL Group takes 25% in Turkey’s Thrace Basin gas field
Azerbaijan’s first privately owned energy company, GL Group, has acquired a 25% stake in a Canadian company operating Thrace Basin Block F17-b4 in northwestern Turkey, Gazelle Energy Ltd.
Turkmenistan makes Korea’s Daewoo E&C preferred bidder for construction of $730mn mineral fertiliser plant
UK adds more sanctions on Russian oil and LNG tankers
UK adds more sanctions on Russian oil and LNG tankers
Russia begins designing nuclear-powered submarines to transport LNG from Arctic
Russia has unveiled plans to commence designing nuclear-powered submarines to ship LNG from its Arctic facilities to customers in Asia.
Belgium calls for EU-wide tracking system of Russian LNG
Belgium’s energy minister Tinne Van der Straeten has suggested the creation of an EU-wide tracking system for Russian LNG.
Rosneft to search for oil in Belarus, says Lukashenko
Belarusian President Alexander Lukashenko announced on October 12 he had agreed with Rosneft CEO Igor Sechin for the Russian company to study the oil production potential of Belarus’ southern Gomel region.
Private group of Azeri firms acquire interest in Turkish gas block
A private group of energy companies in Azerbaijan called GL Group have acquired an interest in a gas block in Turkey, hailing it as their first foray into the international upstream sector.
Tethys secures key regulatory approval to bring Kazakh wells on stream
Kazakhstan-focused junior Tethys Petroleum reported on October 18 it had secured a key regulatory approval to launch oil production at three new wells in the Central Asian country.
Iraq inks deal to import Turkmen gas using swaps with Iran
Novatek gas sales down 2.3% in 9M 2024
Natural gas sales at Russia’s Novatek were down 2.3% year on year at 56.16bn cubic metres in January through September, as the company continues its search for buyers for LNG from the sanctioned Arctic LNG-2 project.
FSUOGM: Russia seeks to boost domestic gas sales on the exchange
Russian gas supply to China could reach 85 bcm by 2030, says Gazprombank
Russian gas pipeline and LNG exports to China could reach 85bn cubic metres by 2030, according to analysts from Gazprombank’s Centre for Economic Forecasting (CEP).
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