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?

Russia's government seeks to convince analysts it has cut oil output.

16 May 2023

Russian Deputy Energy Minister Pavel Sorokin sought to convince Western analysts in a call this month that the country had indeed cut its oil production by 500,000 barrels per day in line with a voluntary pledge made earlier this year.

Eni takes Gazprom to court over lost gas supply

16 May 2023

Italy's Eni has launched international arbitration proceedings against Russia’s Gazprom over its consistent reductions in pipeline gas supply, the company revealed in a document responding to a shareholder question last week.

EU looks to better implement measures targeting Russian energy in upcoming 11th sanctions package

15 May 2023

The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.

Russia, Mongolia declare progress on Soyuz Vostok feasibility study

15 May 2023

Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.

G7 increases Ukraine support to $44bn, rejects restarting Russian gas imports to Europe

15 May 2023

The G7 increased its commitment of budget and economic support for Ukraine for 2023 and early 2024 to $44bn and endorsed further sanctions, Ukraine Business News reported on May 15.

EU to tighten Russian oil sanctions, target “shadow fleet” ships

13 May 2023

The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.

Serbia to build new oil pipeline with Hungary, new gas pipeline with Bulgaria

11 May 2023

Hungary and Serbia have reached an agreement to construct a new oil pipeline that will add to the transit of Russian oil from the Druzhba pipeline to Serbian consumers, said Hungarian Minister of Foreign Affairs Peter Szijjarto.

KSE’s plan for Ukraine to fight back against Russia’s weaponisation of gas

11 May 2023

Russia's attempt to use its gas supply as a political tool against its neighbours and the EU has backfired, but gas supplies from Russia to Europe should be allowed to continue, but with some strict restrictions to defang Russia's energy weapon.

Ukraine cracks down on illegal Russian fuel entering the country

10 May 2023

Ukraine bans fuel of unkown origin to crack down on Russian fuel products sneaking into the country, Economic Pravda reported on May 10.

Russian company seizes Sakhalin-2 tugboats

10 May 2023

A Russian court on the island of Sakhalin has ordered the seizure of four tugboats owned by Denmark's Svitzer in response to a request by a Russian energy company. This action is part of Russia's strategy to seize assets of exiting Western companies.

Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war

9 May 2023

Oil and gas fields in Western Siberia jointly controlled by Russia’s Gazprom and Germany’s Wintershall Dea could be supplying fuel used in the war in Ukraine.

Russian gas output dips 10% in Q1 2023

9 May 2023

Russian gas production dropped in the first quarter by 10% to 180 bcm year on year, and also by a tenth in March. The decline was driven by reduced production by Gazprom, which cut output by 18% to 117 bcm as a result of lower exports to the EU.

Ukrnafta to double oil production with 40 new wells and expand gas station network to 1,200 by 2027.

9 May 2023

Ukraine’s oil and gas giant Ukrnafta has announced it will expand drilling operations with 40 new oil wells to double production to 3mn tonnes per year, Ukraine Business News reported on May 9.

Lukoil closes sale of Sicilian refinery

9 May 2023

Lukoil has closed the sale of its ISAB oil refinery on the Italian island of Sicily to G.O.I. Energy, the company reported on May 4. The completion of the deal, reached in January, comes after it received approval from Italian authorities last month.

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