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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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Lack of shipping capacity thwarts Russian LNG ambitions
Western sanctions are thwarting Russia’s planned expansion in the global LNG market.
Russia could double gas exports by 2050
Russia could double its gas exports by 2050, according to projections by the Russian Energy Agency, Tass reported on February 28.
Turkey’s natural gas imports fall 8% in 2023
US levies more sanctions on Russian LNG industry targeting shipyards
The US Department of State imposed fresh sanctions on Russia’s LNG industry on February 24, the second anniversary of Russia’s invasion of Ukraine.
Azerbaijan to serve as north-south climate finance "bridge" at COP29
Azerbaijan aspires to position itself as a “bridge” for climate finance between the global south and the global north.
Repairs at Nizhny Novgorod refinery to continue for several more months
Unplanned repairs at Lukoil’s 365,000 barrel per day refinery in Nizhny Novgorod are expected to drag on for several more months.
BP pushes on in Azerbaijan
BP and its partners have started production at the East North flank of the Shah Deniz gas field off the coast of Azerbaijan.
European gas prices slide to lowest point since early 2021
European natural gas prices have plummeted to levels not seen since 2021, as the continent nears the end of a mild winter with record levels of gas in storage and access to ample LNG supply.
Denmark ends probe into Nord Stream blasts
Denmark has followed Sweden in ending its investigation into the explosions in 2022 that burst the Nord Stream gas pipelines.
Azerbaijan increased gas exports to Turkey by almost 18% in 2023
Azerbaijan exported 10.257 bcm of gas from the Shah Deniz field to Turkey in 2023, which is 17.8% higher than in 2022, according to data from the Turkish Energy Market Regulatory Council (EPDK).
Russia bans petrol exports for six months
In addition, the government reportedly decided to increase the minimum requirement of diesel sales on the commodity exchange from current 12.5% to 16% to domestic refiners.
Serb Republic seeks increased Russian gas imports
Bosnia’s Serb Republic intends to ramp up gas imports from Russia to support increased industrial demand.
Uzbekistan seeking sharp rise in Russian gas imports
Uzbekistan is seeking to expand imports of Russian natural gas by more than three and a half times in order to cover its own demand and support contractual exports to China.
Naftogaz aims to boost gas production to 15 bcm in 2024
Naftogaz Group plans to ramp up natural gas production to 15 bcm in 2024, primarily through its subsidiaries Ukrgazvydobuvannia and Ukrnafta, announced group head Oleksiy Chernyshov on February 26.
Russia bans petrol exports for six months
FSUOGM: One of worst-ever methane leaks seen in Kazakhstan in 2023
Kazakhstan to drill world’s deepest well
BP begins gas production on the northeastern flank of the Shahdeniz field
According to the company, the northeast flank has five wells, two production manifolds, two new flow lines totalling approximately 30 km and several subsea installations connected to the world-class Shah Deniz gas condensate reservoir.
Ukrnafta achieves fourfold increase in well production
Ukrainian energy giant Ukrnafta has announced a significant breakthrough in its oil production capabilities, quadrupling the flow rate of one of its wells to 60 tonnes per day, up from 14.5 tonnes, through internal developments and special expertise.
Italy spent $7.4bn on oil imports from Azerbaijan in 2023
Uzbekistan, Russia planning gas chemical complex in Bukhara
Azerbaijan becomes the main supplier of pipeline gas to Bulgaria in 2023
EU countries such as Italy, Greece and Bulgaria imported a record 492,900 terajoules of natural gas from Azerbaijan, marking a 2.5% increase from 2022, with the total value of these imports reaching about €6.2bn.
Uzbekistan plans $500mn investment to boost Russian gas imports
Domestic production is declining as existing fields become exhausted.
Indications grow Turkey-Russia trade hit by tightened US sanctions
Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.
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