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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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China's balancing of Russian and Central Asian gas
China is relying increasingly on Russian pipelined natural gas, as the Power of Siberia ramps up to its full capacity of 38bn cubic metres per year, potentially as early as 2025
Naftogaz to expand gas production in 2024 with new wells, better technology
Naftogaz Group's CEO, Oleksiy Chernyshov, said in a press release on February 9 the company will boost domestic gas production in 2024 and start operating two new wells.
Germany mulls nationalisation of Rosneft assets
Germany is considering the nationalisation of Rosneft's assets within its borders, the Russian oil giant’s lawyers said on February 8.
Russia's oil revenues in January higher than from before the war
Russia’s budget earned more money from oil taxes in January 2024 than it did in January 2023, Ministry of Finance (MinFin) reported on February 7.
Analyst says Erdogan, Turkish elite won’t abandon Russia, with energy trade lucrative backbone in relations
Crude oil output in Kazakhstan up 0.5% m/m in January
Rosneft's Vostok Oil megaproject still on track
In spite of the turbulence that the Russian oil and gas industry is facing, Rosneft continues to press ahead with one of the country’s biggest greenfield projects, despite the loss of key investors in the wake of Moscow’s invasion of Ukraine.
Sweden closes investigation into Nord Stream pipeline explosions
The Swedish authorities have officially terminated their investigation into the explosions that destroyed the Nord Stream 1 and 2 gas pipelines and handed the files over to Germany, the Swedish Prosecution Authority said on February 7.
Lukoil's Bulgarian refinery goes without Russian Urals in January
The Lukoil-owned Burgas oil refinery in Bulgaria did not receive a single batch of Urals crude last month.
Russian oil and gas MET payments double year on year in January
Russian budget revenues from mineral extraction tax on the oil and gas sector doubled in January versus the same month last year to RUB878.4bn.
Russia’s oil refining down 4% in December-January on drone attacks, accidents
Russian oil refineries in January 2024 reduced output by 4% year on year and by 1.4% month on month to 747,900 tonnes per day.
OFAC “smart sanctions” target turbine lubricants and additives in an effort to stop Russian military production
Two days before Christmas the US Treasury’s Office of Foreign Assets Control (OFAC) quietly released new sanctions on an esoteric product group: turbine lubricants. But these "smart sanctions" could bring Russian industry to a standstill.
Energo: OFAC “smart sanctions” target turbine lubricants and additives in an effort to stop Russian military production
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
Household gas consumption in Iran sets fresh record
Domestic gas consumption has hit yet another daily record in Iran amid a cold snap sweeping many parts of the country, said the dispatching director of the National Iranian Gas (NIGC).
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