FSUOGM - Former Soviet Union Oil & Gas

Category
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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Gazprom seeks $934mn in damages from Polish companies

11 March 2024

Russia’s Gazprom is looking to recover $934mn in damages from Polish companies Europol Gaz and Orlen, as well as consulting firm Ernst and Young, at an arbitration court in St Petersburg.

Germany extends trusteeship over Rosneft assets

11 March 2024

The German ministry has extended its trusteeship over the assets in the country belonging to Rosneft for a third time, giving the Russian state oil producer more time to seek a sale.

Uzbekistan pays only $160 per 1,000 cubic metres for Russian gas

11 March 2024

Russia’s Gazprom sold gas to Uzbekistan for only $160 per 1,000 cubic metres in 2023 – significantly less than the price it charges China and Turkey, and what it used to charge to European customers.

Kazakhstan to increase oil exports to Germany

11 March 2024

Kazakhstan can raise crude oil supplies to refineries in Germany to 2mn tonnes per year in 2024.

SOCAR and KazMunayGas intend to gradually increase the transit of Kazakh oil through BTC

11 March 2024

President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf on March 9 held a meeting with the chairman of the board of KazMunayGas (KMG), Magzum Mirzagaliyev.

Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved

7 March 2024

Statement explains restructuring that transferred Russian firm’s controlling stake in company to Hong Kong entity.

Turkish oil terminal refuses imports of Russian oil

7 March 2024

Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.

Turkey signs MoU to transport Turkmen gas to Europe

7 March 2024

Turkey and the Central Asian state of Turkmenistan last week signed a memorandum of understanding regarding the transport of Turkmen gas across Turkey to Europe and a letter of intent for cooperation in the field of natural gas.

Major Uzbek gas storage expansion project linked to Russian “stoligarch” and Putin friend Timchenko

6 March 2024

News investigation also sheds light on involvement of Uzbekistan energy tycoon Bakhtiyor Fozilov. Russia plans to up gas deliveries to Central Asian nation fivefold.

Azerbaijan eyes gas exports to Albania in 2025-26

6 March 2024

The start of gas flow to Albania will become possible after the capacity of the Trans-Adriatic Pipeline is expanded by the end of 2025 from 10 to 11.2bn cubic metres per year, according to the ministry.

OPEC+ members roll cuts up until mid-year

6 March 2024

The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices

Kazakh court reinstates $5bn fine against Kashagan developers

6 March 2024

The consortium developing Kazakhstan’s largest offshore oilfield, Kashagan, has had a $5bn environmental fine reinstated by an appeals court in Astana.

Fossil fuels needed "for foreseeable future", says Azeri leader

6 March 2024

Azeri President Ilham Aliyev has said his country is committed to the energy transition, but has stressed that the world will continue to need fossil fuels for the foreseeable future.

Ukraine open to Russian gas transit until 2027

6 March 2024

Ukraine's Gas Transmission System Operator (GTSOU) has expressed readiness to facilitate the transit of Russian gas to Europe through its territory until 2027, despite pledges from European countries to phase out such arrangements by that year.

Russia's Tula region approves small-scale LNG project

6 March 2024

The government of Russia’s Tula region has approved the inclusion of a Novatek project to build a small-scale LNG production plant in the Uzlovaya special economic zone.

Russia enjoys 40% bump in oil and gas revenues in February

6 March 2024

Oil and gas sales generated 40% more for Russia’s federal budget in February versus in the previous month, with proceeds coming to RUB945.6bn.

Russian gas production sees recovery this year

6 March 2024

Russian production of natural gas, including associated petroleum gas (APG), rose in January by 6.7% year on year to 65.1bn cubic metres.

Edited by

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