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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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Fate of Iran-Russia $40bn oil and gas deal hangs in the balance
Over a year has passed since the signing of the monumental $40bn memorandum of understanding between Iran and Russia's Gazprom, yet the fate of this ambitious energy deal remains uncertain.
Russian oil still India's cheapest option, despite a shrinking discount
Russian oil will continue to be the cheapest option for India, even with the Urals discount to Brent dropping to $4-5, according to a review by Kpler cited by Kommersant on September 8.
US senator calls on top oilfield services firms to quit ties with Russia
The head of the US senate foreign relations committee has demanded to know why the US’s top three oilfield services companies continued working in Russia after the conflict began in Ukraine, and called on them to “cease all investments” there.
Tashkent, Seoul reach deal on $1bn owed by Uzbek side to Korean partner in gas, petrochemical project
Germany extends external control over Rosneft assets for another six months
The German Federal Network Agency has announced the continuation of external control over the assets of Russia's Rosneft in Germany for an additional six months. This decision extends the regime that was initiated last year.
PM Dorin Recean says Moldova won’t pay Gazprom's $709mn demand
Independent audit finds only $8.6mn of Gazprom's $709mn claims for historic debts are justified.
Wintershall plays down hit to loss of Russian business
Moldova recognises only 1% of $708mn Gazprom claims
SOFAZ revenues from sale of oil and gas from ACG and Shah Deniz fields in 8M23 amounts to $6bn
Russian trade volumes return to pre-war levels
Russia extends 300,000 bpd output cut till end of year
Russia intends to extend its voluntary cut in oil exports of 300,000 barrels per day until the end of this year in order “to maintain stability and balance” on the market, Deputy Prime Minister Alexander Novak said on September 5.
Russian share of EU oil, oil products markets shrinks tenfold in Q2
Eurostat did not disclose the volume of Russian oil and oil products that the bloc received in the second quarter, but according to UN Comtrade, they amounted to 4.9mn tonnes, or $2.1bn in monetary terms in the three-month period.
Moody's affirms SOCAR's stable outlook
Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
Turkmenistan: Uzbek to the future
Ties with Uzbekistan have never been so strong. The situation is producing tangible results. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Russian oil & gas budget revenues shrink 21% in August
Russian oil and gas revenues shrank nearly 21% month on month in August to RUB642.7bn ($6.6bn), finance ministry data released on September 5, as a result of increased subsidies to oil refineries and a cyclical drop in income-based tax.
29 Russian cities have joined emission quotas trial
Russia is looking to address air quality problems and the overall environmental situation in its cities as part of a federal programme, but these efforts could be stunted by international sanctions.
ASX-listed TMK Energy says performance of pilot wells at Mongolia coal seam gas project in line with expectations
Romania’s Transgaz to operate Moldova’s natural gas transport system
Russian Lukoil’s oil terminal comes under Bulgarian control
Rosneft, Transneft quash beef over 2019 Druzhba dirty oil crisis
Russia’s largest oil company Rosneft and the country’s oil pipeline monopoly Transneft have settled a long-standing dispute over compensation for the 2019 contamination of oil in the Druzhba pipeline system.
Foreign traders pumped 1.1 bcm of gas into Ukraine in August, bringing total to 1.8 bcm
Ukraine welcomed 1.1bn cubic metres of gas into its storage facilities from the EU and Moldova last month, Ukraine Business News reported on September 4.
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