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?

Gazprom seeks buyer for three European assets

6 March 2024

Russia’s state-owned gas giant Gazprom has put three of its foreign assets up for auction for €344mn.

SOFAZ revenues from the sale of profitable oil and gas from ACG and Shah Deniz in January-February amounted to about $1bn

6 March 2024

Receipts to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Gunashli (ACG) block and profitable gas and condensate from the Shah Deniz field in January-February 2024 amounted to $940.5mn.

Turkmenistan: Kabul market

5 March 2024

Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.

Turkish terminal freezes Russian oil business

5 March 2024

Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.

Azerbaijan will reduce excise taxes on imports of light distillates until the end of 2024

5 March 2024

According to the decision of the Cabinet of Ministers, preferential rates for certain petroleum products came into force on March 1, 2024, and will be valid until December 31, 2024.

Ukrnafta transfers record-breaking $103mn dividend payment to state budget

4 March 2024

Ukrnafta, Ukraine's largest oil producing company, has made a historic transfer of UAH3.9bn ($103mn) in dividends to the state budget as an advance payment.

Production of deep gas at the ACG block to begin in 1Q25

4 March 2024

Production of natural gas from deep-gas formations in the Azeri-Chirag-Gunashli (ACG) field block will begin in Q1 25, according to Azerbaijani President Ilham Aliyev.

Potential Iranian ‘gas hub’, energy swap with Russia on the agenda

1 March 2024

Iran said talks were underway with key regional producers to set up a “gas hub” on the country’s Persian Gulf coast amid ongoing negotiations between Tehran and Moscow to work out a deal on oil and gas swap.

Iran and Russia ink 19 economic MoUs, including energy

29 February 2024

Iran and Russia have signed 19 memoranda of understanding, including four MoUs on energy cooperation, during a high-level economic meeting in Tehran

Shadowy Russia firm reportedly switches 60% stake in Uzbek gas storage facility to Hong Kong entity as Tashkent reacts to sanctions jitters

29 February 2024

A shadowy Russian company has transferred its controlling stake in Uzbekistan's largest underground gas storage facility to a Hong Kong-registered holding company

Sakhalin Energy offers China a short-term annual deal of 12 LNG cargoes

29 February 2024

Sakhalin Energy, the Russian energy company, has proposed a deal to supply Chinese buyers with 12 shipments of LNG annually for a period of three to five years.

Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024

29 February 2024

Russia's natural gas production increased 6.8% y/y to reach 55.7bn cubic metres in January 2024, according to the latest figures from RosStat. This growth marks the highest production level since March 2022.

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