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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 carbon reduction plans to cause oil production to decline in 2035-2040
Russia’s Ministry of Economic Development projects that oil exports and consumption will start declining between 2035 and 2040.
Ukraine pitches gas storage use to German energy firms
Ukrainian national gas company Naftogaz intends to reach new agreements with foreign traders on boosting the use of the country’s vast underground natural gas storage facilities.
Houthi rebels vow not to target Russian ships despite two accidental attacks on tankers
Houthi rebels have vowed not to target Russian ships passing through the Red Sea, potentially shielding both countries from some of the fallout on international trade caused by the crisis.
Western operators of Kashagan field to help Kazakh government avoid recurrence of 2022 social unrest
Eni finalises several strategic agreements with Kazakh firms
Kazakh energy ministry says three biggest oil fields to maintain last year's output rate
Azerbaijan increases AI-92 gasoline exports by 7.7% while cutting Premium Euro-95 imports from Russia by 45.6% in January-November 2023
Arctic LNG 2 to ship first cargo before end of January
Russia’s Arctic LNG 2 project will ship its first tanker to Asia before the end of January, industry sources told Reuters on January 16.
OPEC forecasts liquid hydrocarbon production in Azerbaijan for 2023-2025 will be 0.7mn bpd
Ukraine becomes self-sufficient in gas production for first time since independence
For the first time in 20 years, Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 and become self-sufficient in gas.
Azerbaijan's 2023 energy sector overview: increased gas exports and diverse petroleum production amidst oil decline
Key Russian refinery halves gasoline output after foreign equipment failure
Lukoil’s oil refinery in Nizhny Novgorod – one of the largest plants of its kind in Russia – has halved its gasoline production following the failure of equipment supplied from the West.
Global oil producers move to resolve $5bn dispute in Kazakhstan
Former Shell JV unit in Russia targets deeper oil layers
Shell’s former main joint venture with Gazprom Neft in Western Siberia has secured rights to a new oil and gas block in the Khanty-Mansiysk region.
Sibur ramps up LPG exports from Ust-Luga ahead of sanctions
Russia’s leading petrochemicals producer Sibur ramped up exports of LPG by nearly a quarter last year via the Baltic port of Ust-Luga ahead of the introduction of Western sanctions.
Kazakh oil services company terminates contracts of 11 workers involved in ongoing strike
Kazakhstan sees 5.5-fold surge in oil exports via Baku-Tbilisi-Ceyhan pipeline in 2023
Disruptions at major refinery of Russian oil producer Lukoil
One of Russia’s largest petrol refineries in Nizhny Novgorod NORSI of independent oil major Lukoil halved its output due to an accident, and could face difficulties recovering the production and fixing the damaged equipment due to sanctions.
Russian fuel exports to Central Asia, Afghanistan and Mongolia estimated to have grown 28% in 2023
FSUOGM: Russian Sakhalin-1 faces difficulties with oil shipments
Kazakhstan exports 993,000 tonnes of oil to Germany in 2023
Russian oil and gas revenues dip by quarter in 2023
Russian oil and gas budgetary revenues dropped 24% year on year to RUB8.82 trillion ($99bn) in 2023, as a result of weaker oil and gas prices and reduced gas flow to Europe.
Russian court bans Naftogaz's arbitration against Gazprom
A court in Russia on January 12 banned Ukraine’s state-owned gas company Naftogaz from proceeding with an international arbitration case against its Russian counterpart Gazprom.
Kazakh oil production climbs 7% in 2023
Oil and gas condensate production in Kazakhstan rose by 7% last year, arriving at almost 90mn tonnes, or 1.8mn barrels per day.
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