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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Ghana: What’s left unsaid about Aker ASA’s exit from Pecan

17 April 2023

Aker ASA's announcement on DWT/CTP fails to mention questions about Lukoil’s involvement in the project and Russia’s charm offensive in Africa.

Netherlands vows to stop importing Russian LNG

17 April 2023

The Dutch government has pledged to stop importing Russian LNG, as it targets an expansion in overall LNG capacity to offset the loss of Russian pipeline supply.

Novatek gets patent for improved Arctic Cascade liquefaction tech

16 April 2023

Novatek has obtained a Russian patent for an improved version of its Arctic Cascade liquefaction technology, the company reported on April 13, as it pushes to localise LNG production in response to Western sanctions.

IEA upgrades 2023 forecast for Russian oil output

16 April 2023

The International Energy Agency (IEA) has once more upgraded its forecast for Russian oil production for this year, by 210,000 barrels per day, predicting a decline of 530,000 bpd versus 740,000 bpd it had previously envisioned.

Russia boosts gasoline exports to Africa after EU sanctions

16 April 2023

Russia has boosted its gasoline exports by nearly 50% year on year in the first quarter, with most of the deliveries going to Africa, according to ship tracking data.

Russian oil production, exports above pre-war levels, revenues down

15 April 2023

Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.

EU ban on Russian LNG could backfire

13 April 2023

Momentum is building behind calls for the EU to impose a ban on Russian LNG, even though doing so could make it harder for the bloc to stock up on gas supplies before next winter.

Italy clears sale of Lukoil refinery in Sicily

13 April 2023

The Italian government has given the green light for the sale of the oil refinery on the island of Sicily owned by Russia’s Lukoil to G.O.I. Energy, TASS reported on April 12. The deal is subject to strict conditions.

The Hague’s Arbitration Tribunal orders Russia to pay Naftogaz $5bn compensation for loss of Crimean assets

13 April 2023

The Hague’s Arbitration Tribunal has ordered Russia to pay Ukraine’s state-owned natural gas champion $5bn in compensation for losses caused by Moscow’s seizure of Naftogaz’s Crimean assets during the annexation of the peninsula in 2014.

Novatek purchases 27.5% stake in Sakhalin Energy for $1.1bn

13 April 2023

The Russian government has approved the sale of a 27.5% stake in Sakhalin Energy to Novatek, the largest independent natural gas producer in Russia.

Naftogaz bond investors reject sweetened debt-restructuring deal

13 April 2023

Bondholders of Ukraine's state-owned gas champion Naftogaz have rejected a sweetened debt restructuring deal following the company’s default on its obligation under government orders, the company said on April 12.

Moldova’s natural gas consumption down 57% y/y in March

13 April 2023

Moldova’s natural gas consumption (not including separatist region Transnistria) decreased by 57% year on year to 64.7mn cubic metres in March, head of Moldovagaz Vadim Ceban announced.

Iran begins importing fuel from Russia

12 April 2023

Russia has commenced fuel exports to Iran by rail this year for the first time, after traditional buyers opted to avoid trade with Moscow. Iran and Russia, both under Western sanctions, are forging closer ties to support their economies.

Police break up oil worker demo in Astana

12 April 2023

More than 80 detained as authorities disperse protest mounted by group who travelled to capital from volatile town of Zhanaozen.

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