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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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CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28
US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.
Hard-to-recover share of Russian oil could reach 70% by 2050: Novak
The share of hard-to-recover reserves in Russian oil production could reach 70% by 2050, Deputy Prime Minister Alexander Novak said last week.
Russian drilling work on the rise this year
Russian drilling work is on the rise, with 12.3% more wells commissioned in the first eight months of 2023 versus the same period of last year.
Gazprom provides updates on key upstream projects
Gazprom is preparing to bring on stream a second gas treatment unit at the Kovyktinskoye gas field in Eastern Siberia by the end of this year.
KMG takes 60% stake in Kazakhstan's Dunga oilfield
Kazakhstan’s national oil company, KazMunayGas, has acquired a 60% stake in the country’s Dunga oilfield, which contains an estimated 106mn tonnes of oil and more than 6bn cubic metres of gas.
UAE’s Dragon Oil to move to zero gas flaring in Turkmenistan by 2027
Kazakhstan sees daily oil output drop due to storm disruptions at CPC pipeline terminus
Azerbaijan increased gas exports to Turkey by 25% in September
In September 2023, Azerbaijan supplied Turkey with 889 mcm of natural gas, marking a 25% increase compared to September 2022. This contribution was part of Turkey's total natural gas imports of 3.292 bcm for the month.
China significantly increases stockpiles of oil, food and key raw materials as geopolitical tensions grow
China has significantly increased its oil reserves and stockpiles of food and key raw materials, in a move that has suggested to some that it is getting ready for war, but is seen by others as mere prudence.
FSUOGM: Will Vostok Oil be able to survive under sanctions?
Russia allows Rosneft to send duty-free fuel to Georgian breakaway regions
The Russian government is prepared to provide state-owned oil major Rosneft with an exclusive right to export fuel duty-free to the Georgian breakaway regions of Abkhazia and South Ossetia.
Azerbaijan remains the largest oil supplier to Italy, supplies increased by a quarter in January-September
Abu Dhabi National Oil Co. could buy Wintershall Dea
Gazprom to cut 2024 investment programme by 20%
Russian natural gas giant Gazprom will cut its 2024 investment programme by 20% year on year to RUB1.57 trillion ($18bn), the company announced. Gazprom had previously cut its 2023 investment programme to RUB2 trillion.
Moldova halved natural gas consumption since 2021
High gas prices after political tensions with Russia resulted in the renegotiation of Moldova’s contract with Gazprom forced Moldovan companies and households to slash consumption.
Italy received about 7.4 bcm of gas from Azerbaijan via TAP in 9 months
Gas supplies from Azerbaijan to Italy via the Trans-Adriatic Pipeline (TAP) in January-September 2023 amounted to 7.373 bcm, which is 4.3% less than the same period in 2022.
Fitch affirms Uzbekneftegaz at 'BB-'/Stable
Russian regional oil major Tatneft surprises with 3Q23 dividend
The board of the Russian regional oil major Tatneft of Tatarstan Republic recommended a 3Q23 dividend of RUB35.17 per share, making a dividend yield of 5.7%, Renaissance Capital wrote on November 22.
Russian LNG exports to China soar
Russian LNG exports to China from January to October have climbed to 6.9mn tonnes, a rise of almost 40% on the same period last year, according to data from China’s General Administration of Customs.
Russia considers tax exemptions for joint oil venture with Vietnam
In a move aimed at fostering collaboration in the energy sector, Russia is contemplating providing tax exemptions to the joint Russian-Vietnamese oil company, Rusvietpetro
Yukos shareholders can still target Russia’s US assets
The US court for the District of Columbia has declined Russia's demand for an immunity from claims by former shareholders of oil company Yukos, exposing Russian state assets in the US to legal claims.
Will Vostok Oil be able to survive under sanctions?
Vostok Oil, one of the largest greenfield oil projects in Russia, continues to push ahead, according to its state-owned operator Rosneft, in spite of sanctions imposed by the West.
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