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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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Tatneft launches CO2 injection in Tatarstan
Tatneft has become the first company in Russia to inject large volumes of CO2 into a well with a high water cut for storage.
Azerbaijan to expand gas exports and green energy collaboration with Italy
Azerbaijan expects to export 9.6 bcm of gas to Italy this year, as stated by Energy Minister Parviz Shahbazov during a meeting with Italy’s Minister of Environment and Energy Security, Gilberto Pichetto Fratin, in Brazil.
Gazprom tops Russia’s most unprofitable companies in 2023
Formerly Russia’s largest taxpayer, natural gas giant Gazprom topped Forbes' ranking of Russia's most unprofitable companies for 2023. This is the gas monopoly's first loss-making year in 25 years.
Europe is trying to reduce its dependence on Russia, but imports of gas and fertiliser on the rise in 8M24
Europe is trying to reduce its dependence on Russian inputs, but imports of piped gas, LNG and fertilisers have ballooned in the first eight months of this year.
Former Italian PM sets out gas policy recommendations to bolster EU competitiveness
Italy’s former prime minister Mario Draghi has called on the EU to move away from short-term spot price-based gas purchases and strike longer-term contracts with suppliers in order to improve the bloc’s economic competitiveness.
Kazakhstan’s oil output up by 10% m/m in September
Petrol prices in Armenia remained unchanged in September, while diesel fuel fell by 1.5%.
Gasoline prices in Armenia in September 2024 remained unchanged compared to September 2023, while diesel fuel prices decreased by 1.5%. This is shown by the data of the report of the National Statistical Committee of Armenia.
Oil prices jump 5% after Biden comments on potential Israel-Iran escalation
Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.
Is Russia’s shadow tanker fleet really circumnavigating oil sanctions?
Few of the oil tankers that serve in Russia’s shadow fleet are dedicated to just delivering Russian oil to customers, and the handful of oil spills that have happened in the last decade have involved ships much younger than those Russia prefers.
Kazakhstan eyes higher gas exports to China
Kazakhstan wants to boost gas production, but in the nearer term, imports from Russia could help support greater exports to China.
US’s GasGreen Asia partners with Hududgazta’minot to cut Uzbekistan methane emissions
EU propose a duty on Russian LNG to curb Moscow's gas revenues
A group of experts has suggested the introduction of customs duties on Russian liquefied natural gas (LNG) as part of a strategy to reduce Russia's energy revenues, which have surged since the start of the war in Ukraine.
Kazakhstan negotiates with China to increase gas exports
Russia’s gas major Gazprom supported in 2025 budget
The 2025-2027 federal budget submitted by the government to the Russian State Duma confirmed previous reports that state-controlled natural gas giant Gazprom will be supported.
New Delhi to snub gas from sanctioned Russian Arctic project
The Indian oil secretary has said New Delhi will not make any LNG purchases from the sanctioned Russian Arctic LNG 2 project.
Belgium calls for coordinated approach to block Russian LNG imports
Belgium has followed the Netherlands in urging the EU to take tougher action on Russian LNG imports, stressing the need for the bloc to have a coordinated approach and adopt legislation to phase out the supplies faster.
Moldova still relies heavily on Transnistria's electricity in October
In October, Moldova will purchase 90% of its electricity from MoldGRES – the gas-fired power plant in separatist Transnistria that burns natural gas still provided for free through Ukraine by Russia.
Kyrgyzstan commences $410mn modernisation of oil refinery
Glencore to exit Russneft oil company by 2024
Commodity trading major Glencore could complete its exit from Russian oil company Russneft by the end of 2024 (Glencore owns 31.28 % of Russneft ordinary shares through Rambero Holding AG structure).
Putin tasks Gazprom with drawing up new long-term plan
Having posted its first annual loss in over two decades in 2023, Gazprom has now been tasked with coming up with a long-term plan for its development.
EU joint gas purchase platform sees limited signs of success
The EU’s joint gas procurement platform, launched last year to enable bulk-buying of more gas at lower prices, has covered only a mere fraction of the bloc’s demand.
Iranian president locks in gas pipeline deal with Russia
Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.
Azeri gas flow through Ukraine just a guise for Russian transit, says GTSOU head
The head of Ukraine’s gas transmission system operator has acknowledged that “Azeri” gas transited through Ukraine would still be Russian in origin.
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