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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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Naftogaz Group posts fourfold profit surge in first half of 2024
Ukrainian state energy company Naftogaz Group reported a consolidated net profit of UAH24.4bn ($670mn) for the first half of 2024, nearly quadrupling its earnings compared to the same period last year.
Aliyev asks oil companies to increase Caspian production
Slovak gas storage capacities are over 95% full
Russian gas transit through Kazakhstan up significantly this year
Russian oil dinosaur SurgutNG plans to maintain output
Russian oil major SurgutNefteGas (SurgutNG or Surgut) plans to maintain its oil output and refining output in 2024 at the level of 2023, Renaissance Capital wrote on September 27 citing the CEO of Surgut Vladimir Bogdanov at the Russian Energy Week.
Putin wants to see 10-year plan for Gazprom
Russia’s President Vladimir Putin has requested that state natural gas giant Gazprom prepare a ten-year development plan, taking into account “sustainable development” goals and creating infrastructure for the “changing supplies geography”.
Turkey, Azerbaijan exploring renewable energy corridor
Uzbekistan's gas imports expand sixfold in 8M24 to $1.2bn
Serbia signs new gas contracts with Azerbaijan
Serbia and Azerbaijan have signed new gas contracts to bolster Serbia’s energy security, guaranteeing the country one million cubic meters of gas per day this winter.
Tax cuts for Russian gas giant Gazprom despite higher state spending
Russian natural gas giant Gazprom will have its tax burden cut in 2025 despite the notable hike in federal budget expenditures, Bloomberg reports citing the unpublished three-year federal budget.
Russian oil shipments to Turkey drop in August
Due to the repairs on a major refining facility,Turkey, Russia’s third largest oil buyer, has halved its imports of Russian oil in August 2024 to under 200,000 bpd from 400,000-450,000 bpd in early summer.
Energy transition slows as global oil and gas industry refocuses on fossil fuels – report
Kashagan to undergo maintenance despite government request for delay
Kazakhstan exports 150,000 tonnes of polypropylene in Jan-Aug
ASX-listed Jade Gas kicks off drilling on initial wells at Red Lake in South Gobi, Mongolia
Netherlands urges more sanctions on Russian LNG
The Netherlands has called for more sanctions to restrict Russian LNG imports into the EU, noting an increase in the volume of Russian super-cooled gas arriving on its own shores in recent months.
FSUOGM: US asset fund buys stake in Trans-Adriatic gas pipeline
Russian Novatek said to pause LNG projects to regroup due to sanctions
Russian natural gas major and leader in the liquefied natural gas market Novatek has paused the development of two major LNG projects in order to regroup and reconsider their business models under heavy sanction pressure.
Russia’s gas giant Gazprom and China expand Power Siberia supplies
Russian state-controlled natural gas giant Gazprom and China's CNPC on September 20 signed an additional agreement to the existing contract for gas supplies via the ‘eastern’ route of the Power of Siberia (Sila Sibiri) pipeline.
Palestinians face deportation from Turkey for “Erdogan stop feeding oil to Zionists!” banner
Turkish president continues to allow export of Azerbaijani oil to Israel via Mediterranean port despite his loud criticism of the Israelis’ actions in Gaza.
Hungary blames EU for its continued use of Russian gas
Hungary last week criticised EU leadership for its long insistence that Budapest discontinue the use of Russian gas.
MOL signs deal to develop gas reserves in Azerbaijan
Hungary's MOL and its joint venture partners have signed commercial agreements for the development of gas reserves in Azerbaijan, the oil and gas company said.
PANNIER: The great mirage that is the TAPI gas pipeline
With great fanfare, construction was for a second time launched in Afghanistan, but you’ll struggle to find any observer who thinks the project is going anywhere fast.
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