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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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Kazakh project of Russian petrochemical major Sibur valued at $8bn
The cost of construction of a gas chemical complex for the production of polyethylene Sileno (a joint venture between Russian petrochemical major Sibur and Kazakh KazMunayGas) in Kazakhstan will reach $7.6bn.
Novatek to install Chinese gas turbines at Arctic LNG-2
Russian natural gas major Novatek will source gas turbines for powering its Arctic LNG-2 liquefied natural gas project from China's Harbin Guanghan Gas Turbine, part of China Shipbuilding Industry Company.
EU takes aim at Indian fuel supplies produced from Russian oil
EU foreign policy chief Josep Borrell has urged the bloc to prevent India from reselling Russian oil to Europe as refined fuel, including diesel, in an interview with the Financial Times on May 16.
Russia's government seeks to convince analysts it has cut oil output.
Russian Deputy Energy Minister Pavel Sorokin sought to convince Western analysts in a call this month that the country had indeed cut its oil production by 500,000 barrels per day in line with a voluntary pledge made earlier this year.
Eni takes Gazprom to court over lost gas supply
Italy's Eni has launched international arbitration proceedings against Russia’s Gazprom over its consistent reductions in pipeline gas supply, the company revealed in a document responding to a shareholder question last week.
EU looks to better implement measures targeting Russian energy in upcoming 11th sanctions package
The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.
Russia, Mongolia declare progress on Soyuz Vostok feasibility study
Russia’s Gazprom announced last week that design and survey works for the Soyuz Vostok gas pipeline running through Mongolia to China was nearing completion, stressing the progress that the project has made.
G7 increases Ukraine support to $44bn, rejects restarting Russian gas imports to Europe
The G7 increased its commitment of budget and economic support for Ukraine for 2023 and early 2024 to $44bn and endorsed further sanctions, Ukraine Business News reported on May 15.
FSUOGM: Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
EU to tighten Russian oil sanctions, target “shadow fleet” ships
The closing of the sanction loopholes to which the 11th sanctions package of the European Union will largely be dedicated will also include measures to prevent Russian oil flowing.
Aliyev meets president of Total Energies
Serbia to build new oil pipeline with Hungary, new gas pipeline with Bulgaria
Hungary and Serbia have reached an agreement to construct a new oil pipeline that will add to the transit of Russian oil from the Druzhba pipeline to Serbian consumers, said Hungarian Minister of Foreign Affairs Peter Szijjarto.
KSE’s plan for Ukraine to fight back against Russia’s weaponisation of gas
Russia's attempt to use its gas supply as a political tool against its neighbours and the EU has backfired, but gas supplies from Russia to Europe should be allowed to continue, but with some strict restrictions to defang Russia's energy weapon.
Ukraine cracks down on illegal Russian fuel entering the country
Ukraine bans fuel of unkown origin to crack down on Russian fuel products sneaking into the country, Economic Pravda reported on May 10.
Russian company seizes Sakhalin-2 tugboats
A Russian court on the island of Sakhalin has ordered the seizure of four tugboats owned by Denmark's Svitzer in response to a request by a Russian energy company. This action is part of Russia's strategy to seize assets of exiting Western companies.
KazTransOil reports successfully delivery of 25,000-tonne batch of Russian oil for transit to Uzbekistan
Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
Oil and gas fields in Western Siberia jointly controlled by Russia’s Gazprom and Germany’s Wintershall Dea could be supplying fuel used in the war in Ukraine.
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