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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Chinese investor backs oil, gas equipment plant project in Kaluga

25 April 2023

Chinese firm IGRB has signed an agreement of intent with the government of Russia’s Kaluga region to build a plant to produce equipment for the oil, gas, geothermal and thermal power industries.

Russian LNG liberalisation set to benefit Rosneft

25 April 2023

Russian state-owned oil firm Rosneft looks set to be the main beneficiary of a proposed government law that will liberalise rights to use the country’s gas to export gas, with 36 of the company’s fields permitted to be used for LNG development.

LNG volumes at sea rise on annual basis

25 April 2023

The amount of LNG stored at sea rose this month on an annual basis, Reuters reported on April 21, attributing the growth to low spot demand in Japan, China and South Korea.

German parliament passes law on fast sale of Rosneft stake in refinery

25 April 2023

Germany’s parliament last week cleared changes to the country’s energy security act that will enable a fast sale of Rosneft’s stake in the Schwedt oil refinery without the plant first needing nationalisation.

‘Relegated’ Gazprom looks set for football sponsorship deal with Istanbul’s Besiktas

24 April 2023

Ex-semi-pro football player and Turkish president Recep Tayyip Erdogan may hope agreement will help with Turkey’s plans to score as a gas hub.

Russian Gazprom looks to boosts domestic gas sales margins

24 April 2023

Russian natural gas giant Gazprom is looking to boost its revenues from domestic gas sales and is lobbying for the liberalisation of the industrial gas market in certain regions.

Russian energy exports to China soar in Q1

24 April 2023

Russian supplies of oil, pipeline gas and LNG to China soared in the first quarter of this year, customs authorities in Beijing reported on April 21, reflecting the diversion of the country’s energy exports from Western markets.

Russian and Saudi leaders ‘satisfied’ with oil cuts

23 April 2023

Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman have expressed satisfaction with the current oil prices during a phone call last week.

Kyiv asks Shell to give over $1bn in Russian "blood money" to Ukraine

21 April 2023

Kyiv has asked British oil and gas giant Shell to share over $1bn in “bloody money” with Ukraine if it sells its Russian assets, Politico reported on April 19.

India to continue buying Russian oil above price cap

20 April 2023

India will continue to buy Russia oil above the G7 price cap of $60 per barrel in an effort to fight inflation and encourage economic growth at home, Finance Minister Nirmala Sitharaman said this week in an interview with Bloomberg.

Lessons from the Sino-Russia Power of Siberia 1 deal for the second gas pipeline deal

20 April 2023

The key deal under discussion during Chinese President Xi Jinping's three-day trip to Moscow in March to meet with President Vladimir Putin was the construction of a second Power of Siberia gas pipeline to re-orientate Russia gas exports eastwards.

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