FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Need more convincing?

Oil output at Russia's Sakhalin-1 project restored close to pre-war level, says India's OVL

29 May 2023

Crude oil production at the Sakhalin-1 project in the Russian Far East has been restored to its pre-war plateau level of 200,000 barrels per day, one of its shareholders, ONGC Videsh Ltd (OVL), has reported.

Russia denies report it is considering a gasoline export ban

29 May 2023

Russian Energy Minister Nikolai Shulgunov denied last week that the Russian government was intending to ban gasoline exports, stating it only wanted to limit them in response to a rise in domestic prices.

Serb Republic mulls paying for Russian gas in rubles

29 May 2023

Dodik met with Russian President Vladimir Putin last week in Moscow and officials from both countries discussed energy industry co-operation.

Gazprom Neft-backed private military group fighting in Bakhmut

29 May 2023

Mercenaries hired by the oil arm of Gazprom Neft were involved in fighting in the war-torn Ukrainian city of Bakhmut, the BBC reported last week, indicating that Arctic oil exports are being used to directly fund the conflict.

Russia leans towards unaltered oil output plan ahead of OPEC+ meeting

29 May 2023

Russia is leaning towards leaving its oil production level unaltered ahead of an OPEC+ policy meeting on June 4, Reuters reported last week, citing sources, as Moscow is satisfied with current prices and output.

Ukraine reportedly targets Russian oil infrastructure with drones

29 May 2023

There has been an increase in Ukrainian drone attacks in Russia in recent weeks, and US intelligence now suspects that Ukraine was behind a drone attack on the Kremlin earlier this month.

Russia’s Gazprom cancels 2022 dividend

25 May 2023

Russian natural gas giant Gazprom has resolved to not pay its 2022 dividends, attributing the decision to the high interim dividend already paid and the extraordinary taxes that the pipeline export monopolist has had to pay.

OPINION: Azerbaijan’s energy diplomacy pivots to the Balkans

23 May 2023

Azerbaijan can’t fully substitute for Russian gas at the pan-European level, but it can play a crucial role in promoting the energy security of individual states.

Russia makes progress on Far Eastern gas supply project to China

22 May 2023

Russia appears to be finally headway on finalising plans for a third gas pipeline to China that would run from the Far East, providing a means of monetising unused gas at fields off the east coast of Sakhalin Island.

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