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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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Russia mulls gasoline ban as fuel market volatility continues
A recent emergency shutdown at Lukoil’s oil refinery in Nizhny Novgorod has the Russian government once more considering a potential ban on gasoline exports.
Ukraine’s new long-range drones threaten Russia’s northern oil and gas facilities
Ukraine’s new long-range drones threaten Russia’s oil and gas facilities Ukraine has developed new long-range drones that can attack targets deep in Russian territory and are threatening both its oil and gas facilities near St Petersburg.
Fire breaks out at key Novatek complex after reported drone strike
A fire has erupted at Novatek’s Ust-Luga gas condensate complex and terminal on Russia’s Baltic Sea coast.
Iran’s oil minister meets Turkmen president as gas halt bites
CPC oil shipments set to rise 10% in 2024, says CEO
The Caspian Pipeline Consortium network is expected to expand oil flow by 10% in 2024 to 1.4mn barrels per day.
Azerbaijan increased exports of petroleum products by 20% and revenue by 8.5% in 2023
Azerbaijan's 2023 gas export volumes soar by 40.4% despite 8.7% decline in value
The export of gas volumes declared at customs from Azerbaijan in 2023 amounted to 26.623bn, which is 40.4% higher than in 2022, the State Customs Committee (SCC) said.
Greece, India, Turkey significantly increased Russian LNG imports in 2023
India, Turkey and Greece significantly ramped up imports of Russian LNG imports last year.
FSUOGM: Arctic LNG 2 to ship first cargo before end of January
Russia’s carbon reduction plans to cause oil production to decline in 2035-2040
Russia’s Ministry of Economic Development projects that oil exports and consumption will start declining between 2035 and 2040.
Ukraine pitches gas storage use to German energy firms
Ukrainian national gas company Naftogaz intends to reach new agreements with foreign traders on boosting the use of the country’s vast underground natural gas storage facilities.
Houthi rebels vow not to target Russian ships despite two accidental attacks on tankers
Houthi rebels have vowed not to target Russian ships passing through the Red Sea, potentially shielding both countries from some of the fallout on international trade caused by the crisis.
Western operators of Kashagan field to help Kazakh government avoid recurrence of 2022 social unrest
Eni finalises several strategic agreements with Kazakh firms
Kazakh energy ministry says three biggest oil fields to maintain last year's output rate
Azerbaijan increases AI-92 gasoline exports by 7.7% while cutting Premium Euro-95 imports from Russia by 45.6% in January-November 2023
Arctic LNG 2 to ship first cargo before end of January
Russia’s Arctic LNG 2 project will ship its first tanker to Asia before the end of January, industry sources told Reuters on January 16.
OPEC forecasts liquid hydrocarbon production in Azerbaijan for 2023-2025 will be 0.7mn bpd
Ukraine becomes self-sufficient in gas production for first time since independence
For the first time in 20 years, Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 and become self-sufficient in gas.
Azerbaijan's 2023 energy sector overview: increased gas exports and diverse petroleum production amidst oil decline
Key Russian refinery halves gasoline output after foreign equipment failure
Lukoil’s oil refinery in Nizhny Novgorod – one of the largest plants of its kind in Russia – has halved its gasoline production following the failure of equipment supplied from the West.
Global oil producers move to resolve $5bn dispute in Kazakhstan
Former Shell JV unit in Russia targets deeper oil layers
Shell’s former main joint venture with Gazprom Neft in Western Siberia has secured rights to a new oil and gas block in the Khanty-Mansiysk region.
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