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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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Aliyev announces major energy initiatives for 2024
Azerbaijan's President Ilham Aliyev has outlined a series of ambitious initiatives for the nation's energy sector in 2024, focusing on enhancing gas production and reinforcing the country's role in the European energy market.
What will Azerbaijan do without Turkmen gas in 2024?
Azerbaijan may no longer require gas imports from Turkmenistan in 2024 if the current swap agreement through Iran is not renewed.
Russian Sakhalin-1 faces difficulties with oil shipments
The Russian Sakhalin-1 oil extraction project has not resolved the problems with shipments of Sokol blend oil since November 2023. Loaded tankers with Sakhalin oil are standing idle and waiting for further orders from the sellers.
Russian oil drilling activity record-high in 2023
In 11M23, Russia drilled oil production wells with a total depth of 28,100km, according to industry data reported by Bloomberg, which would put drilling activity on track to beat last year’s post-Soviet record.
Turkmenistan: Swap stop
Gas swap deal with Azerbaijan, Iran suspended amid talks. Weaponising unemployment. Arkadag goes to Abu Dhabi. And more in this week's Eurasianet Akhal-Teke Bulletin.
Ukraine extracts more than 1bcm of gas for the first time in 20 years
Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 for the first time in two decades, the state gas mining company UkrGasVydobuvannya said on January 9.
Germany’s power consumption falls to the 1990 level as industry withers
Germany’s deindustrialisation is gathering pace as the boomerang effects of the extreme sanction on Russia bounce back and affect the Germany economy more than any other in Europe, according to a note by Oxford Economics released on January 9.
Foreign backers of Novatek’s Arctic LNG-2 said to declare force majeure
The foreign shareholders and backers of the major Arctic LNG-2 project of Russian natural gas major Novatek have declared force majeure on the participation in the project, according to Kommersant daily citing unnamed government officials.
Turkmenistan reportedly makes further attempt to secure Adnoc participation in developing Galkynysh gas fields.
Lukoil-linked Litasco extended loans in UK
Russia seizes Austria OMV’s shares in gas field
The 24.99% stake of Austrian oil and gas company OMV in the West Siberian Yuzhno-Russkoye gas field was seized by Russian authorities and will be transferred to newly established local companies under a special presidential decree.
Georgia plans to import 3 bcm of gas from Azerbaijan in 2024
Georgia plans to import 3.017 bcm of gas from Azerbaijan in 2024 according to the website of the Legislative Bulletin of Georgia. Georgia's natural gas balance for 2024 is 3.231 bcm, 99.6% of which will be covered by imports.
Iran’s gas import from Turkmenistan disrupted
Iran’s gas imports from Turkmenistan have been halted in a blow to the country’s fragile supply that falls in the winter over surging demand.
Growth of non-oil and gas industrial production in Azerbaijan in 2024 forecast to be 8.5%
Azerbaijan appoints former oil executive as head of climate talks
Choice of Mukhtar Babayev, a former SOCAR executive, follows the contentious leadership of Sultan Ahmed al-Jaber from the UAE during last month’s COP28.
FSUOGM: Novatek shares tumble after reports of force majeure delivery problems from Arctic LNG-2 in 2024
Belarus’ state-owned oil company Belorusneft lifted a record breaking 1.87mn tonnes of oil in 2023
The Belarusian company noted it had produced 201,000 tonnes of oil from wells drilled in 2023, which is an extraordinary high result.
Russia’s Gazprom sets gas supply record to China through Power of Siberia pipeline
Although the company did not provide a specific figure for the record, it announced that gas exports to China through the pipeline had surged to 22.7bn cubic metres in 2023.
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