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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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BTC pipeline's 2023 oil flow stabilises at 30mn tonnes, expenses surge by 30.7%
The Baku-Tbilisi-Ceyhan (BTC) pipeline, a cornerstone in the transport of oil and condensate from the Caspian region to the global markets, maintained its throughput at 30mn tonnes (approx. 227mn barrels) in 2023, mirroring its 2022 performance.
Oil and condensate exports through Sangachal in 2023 decreased by 0.9%, gas increased by 4.4%
Moldova’s natural gas consumption up 61% y/y in January
FSUOGM: Germany mulls nationalisation of Rosneft assets
SOCAR says drilling increased and gas exports surged in 2023
Drilling activities slightly increased, with the company completing 73,987 metres of drilling, representing a 1.2% rise over the previous year’s total of 73,084 metres and continuing an upward trend from an 18.6% increase in 2022 compared to 2021.
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
BP-Azerbaijan expands drilling operations
Russian gas major Novatek to pay $2.6bn in dividends for 2023
The board of Russia’s second-largest gas producer Novatek recommended the shareholders to pay the final total dividend of RUB134bn ($1.4bn) for 2023, in addition to the RUB105bn ($1.1bn) interim dividend for 1H23,
More figures confirm dramatic uptick in imports of Russian gas to Czechia
Up to 62% of imported gas to Czechia has originated in Russia, preliminary figures by Net4Gas pipeline operator show.
Sanctions halt Russia’s Arctic LNG 2 shipments by blocking delivery of LNG tankers
Russian gas producer Novatek’s Arctic LNG 2 project has been forced to push back its first cargo delivery until March at the earliest due to US sanctions blocking the delivery of LNG vessels.
China's balancing of Russian and Central Asian gas
China is relying increasingly on Russian pipelined natural gas, as the Power of Siberia ramps up to its full capacity of 38bn cubic metres per year, potentially as early as 2025
Naftogaz to expand gas production in 2024 with new wells, better technology
Naftogaz Group's CEO, Oleksiy Chernyshov, said in a press release on February 9 the company will boost domestic gas production in 2024 and start operating two new wells.
Germany mulls nationalisation of Rosneft assets
Germany is considering the nationalisation of Rosneft's assets within its borders, the Russian oil giant’s lawyers said on February 8.
Russia's oil revenues in January higher than from before the war
Russia’s budget earned more money from oil taxes in January 2024 than it did in January 2023, Ministry of Finance (MinFin) reported on February 7.
Analyst says Erdogan, Turkish elite won’t abandon Russia, with energy trade lucrative backbone in relations
Crude oil output in Kazakhstan up 0.5% m/m in January
Rosneft's Vostok Oil megaproject still on track
In spite of the turbulence that the Russian oil and gas industry is facing, Rosneft continues to press ahead with one of the country’s biggest greenfield projects, despite the loss of key investors in the wake of Moscow’s invasion of Ukraine.
Sweden closes investigation into Nord Stream pipeline explosions
The Swedish authorities have officially terminated their investigation into the explosions that destroyed the Nord Stream 1 and 2 gas pipelines and handed the files over to Germany, the Swedish Prosecution Authority said on February 7.
Lukoil's Bulgarian refinery goes without Russian Urals in January
The Lukoil-owned Burgas oil refinery in Bulgaria did not receive a single batch of Urals crude last month.
Russian oil and gas MET payments double year on year in January
Russian budget revenues from mineral extraction tax on the oil and gas sector doubled in January versus the same month last year to RUB878.4bn.
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