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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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UK and EU step up sanctions on Russian tankers
At the European Political Community hosted in Britain, UK Prime Minister Keir Starmer announced further sanctions on the so-called Russian shadow fleet of oil tankers, in a statement released by Downing Street.
China reportedly blocks Qatari investment in Kazakh pipeline
Kazakhstan's state-run gas pipeline operator and producer, Qazaqgaz, is facing a new challenge in its efforts to increase Qatari investment in the country's pipeline and gas processing projects.
Weighing up impact of halt to Ukrainian gas transits
Rystad Energy considers the options for European countries that still rely on Russian gas in the event that Ukrainian transits are halted at the end of this year.
IEA raises Russian gas production forecast for 2024
The International Energy Agency has raised its forecast for Russian natural gas production to 675bn cubic metres, according to its quarterly gas market report released on July 16, versus an April projection of 670 bcm.
EBRD commits €200mn to strengthen Ukraine's energy security amid G7 loan negotiations
The EBRD has pledged €200mn to bolster Ukraine's energy security and enhance the readiness of Ukrainian projects to attract foreign investment.
Nostrum raises reserves fivefold at Kazakh field
Kazakhstan-focused junior producer Nostrum Oil & Gas has increased its reserves fivefold at the Stepnoy Leopard fields following an independent third-party evaluation by Xodus Group.
Azerbaijan's oil exports in H124: Italy, Israel and India as top destinations
In the first half of 2024, Azerbaijan exported oil worth $2.721bn to Italy, making it the leading destination for Azerbaijan's oil exports.
Ukraine boosts gas production to record levels, ensures ample fuel storage
Ukraine has significantly increased its gas production, achieving a record high and ensuring sufficient fuel storage for new gas generation.
SOCAR wants to buy 51% of Azer-Turk Bank
Russia could prolong petrol exports ban to September-October
Russia’s Ministry of Energy proposes to prolong the gasoline and diesel fuel exports ban until September and October, according to RBC business portal. Non-refining market players could be banned from selling fuel abroad until the end of 2024.
Slovenia signs gas supply memo with Azerbaijan
Slovenia’s gas supplier Geopliin signed a memorandum of cooperation in gas supply with Azerbaijan’s state oil company SOCAR on July 17, SlovenianThe Ministry of the Environment, Climate and Energy announced.
ASX-listed Jade Gas moving to partner with China’s DWK to develop Mongolia’s Red Lake field
Austria seeks to end gas supply contract with Russia
Austria’s Minister of Energy Leonore Gewessler formed a commission earlier this month to examine whether the country can annul a gas supply contract that is held by Austria OMV and Russia’s Gazprom.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
Russia increases LNG and piped gas exports to Europe in 1H24 despite sanctions
Russia increased its exports of liquefied natural gas by 9% (or 2bn cubic metres) and piped gas by 7% in the first half of 2024 y/y, according to a report by the International Energy Agency (IEA).
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