FSUOGM - Former Soviet Union Oil & Gas

Category
Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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OPEC+ extends voluntary cuts as Brazil prepares to join

4 December 2023

The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas

Russian oil pipeline major Transneft grows 8% in 9M23

3 December 2023

Russian state oil pipeline operator Transneft posted 8% year-on-year revenue growth under IFRS to RUB980bn ($11bn) in 9M23. Net income grew 47% y/y to RUB245bn.

Profit of Russia’s oil giant Rosneft tops RUB1 trillion in 9M23

3 December 2023

Russia’s largest crude oil producer state-controlled Rosneft posted 76% year on year net IFRS profit growth to RUB1.07 trillion ($12bn) in 9M23. In 3Q23 alone net profit jumped 2.6-fold y/y to RUB419bn.

COP28: Turkmenistan joins Global Methane Pledge

1 December 2023

Country’s president announces in Dubai that Turkmens will join world effort to seal “super-emitter” sites. Planet-heating gas pours out of remote Central Asian nation at alarming rate.

BP's long search for a new CEO continues

1 December 2023

The search for a new CEO at BP is expected to drag on into next year, leaving one of the largest oil and gas producers in the world without a clear sense of direction.

US intends to halve the Kremlin's oil and gas revenues by the end of this decade

1 December 2023

Top US diplomat and Assistant Secretary of State for Energy Resources Geoffrey Pyatt told the Financial Times that US intends to halve the Kremlin’s oil and gas revenues by the end of this decade, and sanctions will remain on Russia “for years."

COMMENT: China will drive a hard bargain for Russian gas

30 November 2023

China would like more Russian gas. But it does not need it urgently, and will make Moscow pay for the privilege.

EU ports reship more than 20% of imported Russian LNG

30 November 2023

Over one fifth of LNG imported by Europe from Russia is being transhipped to other destinations around the globe according to data from a think-tank, the Institute for Energy Economics and Financial Analysis.

Jailed oligarch Ihor Kolomoisky loses control of stake in Ukraine’s leading privately owned oil and gas company JKX Oil & Gas Ltd.

29 November 2023

JKX Oil & Gas’ subsidiary, Poltava Petroleum Company, is a leading non-state oil and gas producer in Ukraine, holding five production licences and one for geological study, including pilot production.

Armenia, Iran to expand supplies under gas for electricity deal

29 November 2023

Armenia is planning to ramp up the import of natural gas from Iran under a gas for electricity program, Armenian Minister of Territorial Administration and Infrastructure, Gnel Sanosyan, said.

China dragging its heels on Power of Siberia 2 gas pipeline investment, price deal

29 November 2023

China is dragging its heels on committing to investments into the Power of Siberia 2 gas pipeline as it pushes for deeper discounts for Russian gas.

CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28

28 November 2023

US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.

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