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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Ukraine integrated into EU gas purchase platform

11 March 2023

The EU has integrated Ukraine into the common gas purchase platform, Ukraine Business News reported on March 10.

Russian oil exports to UAE growing

7 March 2023

Ship-tracking data indicate that the United Arab Emirates (UAE) is importing millions of barrels of Russian crude oil, despite pressure from the United States to isolate Russia, Reuters reported on March 6.

Uzbekistan: Unringing the bell

7 March 2023

News reported last week about Uzbekistan preparing to accommodate Russian gas in its pipelines may not have been true, despite officials initially stating otherwise.

Russian Novatek said to confirm buying 27.5% in Sakhalin-2

7 March 2023

Leonid Mikhelson, the head and shareholder of Novatek, said in September 2022 that the company would decide on buying the stake after a due diligence audit.

Gazprom unveils $3bn East Siberian LNG project

6 March 2023

Gazprom plans to develop a $3bn mid-sized LNG export terminal in Eastern Siberia, as Russia scrambles to expand its liquefaction capacity following the loss of most of its European gas market share.

PKN Orlen to seek compensation from Russia for lost oil supply

6 March 2023

Poland’s largest oil refiner PKN Orlen plans to seek compensation from Russia for cutting off its oil supply via the Druzhba pipeline in mid-February, its CEO Daniel Obajtek said on March 6.

Uzbekistan making final adjustments to accommodate Russian gas imports

6 March 2023

Deliveries had reportedly been expected to start March 1, but that deadline has come and gone.

Wood Mackenzie weighs up Russia-Ukraine war's impact on energy

5 March 2023

The Russia-Ukraine war means energy security will no longer be taken for granted, has shown that Europe can handle a future without Russian gas and demonstrated the resilience of oil and coal and the limitations of the power markets.

Global energy sector emissions reach new high in 2022

5 March 2023

Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.

EU trade deficit with Russia at third of pre-war level

5 March 2023

The EU’s trade deficit with Russia slumped in December to a third of its pre-war level, reflecting the sharp decline in imports of coal, gas and oil, the bloc’s statistics agency Eurostat reported on March 3.

Shell wraps up disposal of Salym oil venture in Russia

5 March 2023

Shell confirmed on March 3 it had completed the withdrawal from its main oil joint venture in Russia after securing regulatory approvals, with its stake received by its local partner Gazprom Neft.

Trump accuses Biden administration of blowing up Nord Stream pipelines

5 March 2023

Former US President Donald Trump has said the Biden administration or Ukraine could have been responsible for blowing up the Nord Stream 1 and 2 pipelines in late September, while dismissing that Russia could be to blame.

Russia reportedly intends to mothball damaged Nord Stream pipelines

5 March 2023

Gazprom has previously said it would be possible to repair the ruptured lines, but the pipelines are unlikely to be needed, as the Russian government sees little prospect of ties with the West improving in the foreseeable future.

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