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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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Kazakhstan: Authorities to gingerly allow LPG prices to rise
It was a price rise of this fuel that led to nationwide unrest in 2022.
Kazakhstan-focused Nostrum Oil & Gas records decline in Q3 sales
Azerbaijan retains its status as the largest oil supplier to Croatia with a share of 74.5%
Azerbaijan retained its status as the largest supplier of oil to Croatia, based on the results of January-September 2023 with 981,667 tonnes of oil sent to the EU Adriatic country, which is 25.3% less than the same period last year.
Russia lifts petrol/gasoline exports ban
President of Iraq arrives on first official visit to Azerbaijan
The president of Iraq, Abdel Latif Rashid, has begun an official visit to Azerbaijan. He and his Azeri counterpart, Ilham Aliyev, have discussed oil exports through the OPEC+ consortium and other frameworks for exports.
Turkmenistan ready to ramp up gas exports to Iran, foreign minister says
Turkmen Foreign Minister Rasit Meredow signalled his country’s willingness to expand natural gas export to Iran, three days after Iranian Oil Minister Javad Owji hinted at ongoing talks for a “bigger” swap deal.
KSE: Bold measures are needed as Russia’s oil is slipping beyond G7 reach
Russia has successfully dodged the $60 oil price cap sanctions. Bold action needs to be taken to make sure the rule is enforced.
Kashagan operators said to be engaged in discussions with Kazakh government over $5bn dispute
Fitch affirms Kazakhstan’s IDRs at 'BBB' with stable outlook
EU countries have increased imports of petroleum products from Azerbaijan by 16 times over nine months
In January-September 2023 the European Union countries increased their imports of petroleum products from Azerbaijan by 1,640%, reaching 258,214 tonnes, according to Eurostat data.
Denmark to police sanction-busting Russian tankers leaving the Baltic Sea?
The European Commission may ask Denmark to block the exit from the Baltic Sea and introduce inspections on Russian oil tankers as a way to enforce the $60 oil price cap sanctions, France24 reported on November 18.
MOSCOW BLOG: OFAC takes up the whack-a-mole hammer
The Office of Foreign Assets Control (OFAC) hit three more UEA-flagged tankers with sanctions for busting the oil price cap sanctions yesterday night and threatened another 30 companies that operate over 100 ships.
US charges three more tankers with busting oil price cap sanctions, warns 30 more companies
The US Office of Foreign Assets Control (OFAC) has charged three more UAE-flagged tanker with busting sanctions by ignoring the $60 oil price cap and has issued warning letters to 30 more shippers operating more than 100 vessels.
Vitol’s Petrol Ofisi strikes deal to acquire BP’s petrol station operations in Turkey
Lukoil's Romanian operations at risk after loss of trading license
Georgia's LNG imports from Russia up 43.1%
In the first ten months of 2023, Georgia saw a significant 43% increase in liquefied natural gas imports from Russia, totalling 47,800 tonnes, according to the Union of Oil Products Importers of Georgia.
SOCAR and Srbijagas sign contract for the supply of up to 400 mcm of Azerbaijani gas to Serbia in 2024.
According to the Ministry of Energy of Azerbaijan, the agreement was signed following a meeting in Baku between the Minister of Energy of Azerbaijan Parviz Shahbazov and the Minister of Mining and Energy of Serbia Dubravka Đedović Handanović.
EU countries increased gas imports from Azerbaijan by 4.3% y/y for 9 months
In January-September 2023, EU countries Italy, Greece and Bulgaria increased their gas imports from Azerbaijan by 4.3% compared to the same period last year, reaching 364,157 TJ, according to Eurostat data.
Azerbaijan increased gas exports by 8% in January-October
In the period from January to October 2023 Azerbaijan achieved significant growth in both gas production and export. The country's gas exports increased by 8.2% to reach 19.8 bcm, as reported by Energy Minister Parviz Shahbazov.
Naftogaz Group has paid $2.1bn in taxes in 2023
Naftogaz Group, Ukraine's state-owned energy company, has paid UAH75.4bn ($2.1bn) in taxes for the period spanning January to October 2023.
Ukraine’s state-controlled natural gas extracting company Ukrnafta's revenue doubled in 1H23
Ukraine’s state-controlled natural gas extracting company, Ukrnafta, has reported its revenue doubled in the first year under state management. During this period, the company generated more than twice the average revenue for the previous 10 years.
Provisional EU agreement on curbing methane leaks could hinder Azerbaijan, Turkmenistan supply plans
Serbia moves away from dependence on Russian gas with new Azerbaijan supply deal
Serbia has agreed to buy 400mn cubic metres of natural gas a year from Azerbaijan from 2024, diversifying away from Russia.
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