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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 to sell gas to Uzbekistan through reversed flow Soviet-era gas pipelines
Russia will sell gas to the energy-hungry Uzbekistan by reversing the flow of the Soviet-era gas pipeline network that used to transport Turkmen gas to Russia.
Gas Transmission System of Ukraine announces expansion of gas transport infrastructure to attract European customers.
During the Flame-2023 European Gas Conference, Gas Transmission System of Ukraine (GTSOU) CEO Dmytro Lyppa announced efforts to expand the gas transport infrastructure of Ukraine to attract European service customers, the company stated on May 9.
Russian oil and gas budget revenues down 64% y/y in April
Russian federal budget revenues from oil and gas contracted by 64% in April versus the same month last year, and were down 5.9% from the level in March, the finance ministry reported on May 4, citing higher subsidies to refineries.
Novatek's Michelson reportedly pushed the Russian government to let Shell receive proceeds from Sakhalin-2 sale
Novatek CEO Leonid Mikhelson secured the consent of Russian President Vladimir Putin to not only pay Shell RUB95bn ($1.2bn) for its 27.5% stake in the Sakhalin-2 LNG and oil project but allow the UK major to withdraw the funds out of Russia.
Russia hikes tax on oil industry
Russia is hiking oil industry taxes to offset the impact of the G7+EU price cap on the country’s oil exports, dealing another blow to a sector that already has one of the biggest tax burdens in the world.
Over 10 companies planning to build biomethane plants in Ukraine
More than ten companies are seeking to build 36 biomethane plants in Ukraine, the Gas Transmission System of Ukraine (GTSOU) said in a statement on May 8.
China's imports from Russia soar on booming oil purchases
China's imports from Russia have increased significantly faster than its exports to its Northern neighbour since February 2022, resulting in China's trade deficit with Russia reaching an all-time high of over $35bn.
Turkmenistan: Yabba dabba Dubai
Officials are interested in renewables on paper, but there is little evidence Ashgabat is committed to minimising the environmental damage it is causing. Eurasianet’s weekly briefing.
Kazakh crude oil output up 4% in March
Liquefied natural gas prices jump in Armenia
Driven by a dramatic rise in the price of liquefied natural gas, Armenia’s Commission for the Protection of Competition has conducted a preliminary study of the LNG market.
Russian vessels reportedly spotted in run-up to Nord Stream pipeline explosions
Russian vessels capable of performing underwater operations were near the site of explosions that ruptured the Nord Stream pipelines in late September last year.
Uzbekistan launches new measures to support renewable energy to save gas
The Uzbek government is looking to resolve the country’s gas supply crunch by making changes in legislation aimed at developing renewable energy sources (RES) and cutting gas consumption.
Lukoil boosts oil exports despite fallout from Ukraine war
Russia’s largest independent oil producer Lukoil achieved 14% growth in oil exports last year to 711,000 barrels per day, despite the EU’s push to phase out deliveries from the country.
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