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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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EU to allow member states to block Russian gas imports
Russian Rosatom could ship first LNG on Northern Sea Route by April 2024
Russian nuclear energy agency and contractor Rostatom could send icebreakers to escort liquefied natural gas tankers of gas major Novatek on the Northern Sea Route (NSR) to the Asian market between January and April 2023.
SOFAZ revenues from the sale of profitable oil and gas exceeded $7.6bn for past 11 months
Receipts to the State Oil Fund of Azerbaijan (SOFAZ) from profitable oil and gas sales from the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz field from January-November 2023 totalled $7.66bn.
Kazakhstan reportedly planning to raise exports of KEBCO oil via Russia by 14% m/m in December
Chevron announces $16bn 2024 capex budget
Chevron has announced a capital expenditure range of $15.5 to $16.5bn for consolidated subsidiaries, and an affiliate capex budget of around $3bn for 2024, an increase of 11% compared with 2023.
Ukrnafta drills new well in Western Ukraine
PJSC Ukrnafta, Ukraine's leading oil producer, has drilled a new high-yield directional well in Western Ukraine.
Iran's call at Caspian nations meeting for end to Israel oil supplies awkward demand for Azerbaijan, Turkey
This winter’s gas crisis in Europe is already over before it began
Europe went into this year’s heating season, which started on November 7, with its tanks full to bursting; the EU gas storage tanks were close to 100% full as the weather turned cold.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
US vows to maintain pressure on Russian energy sector for decades to come
The US ambition is to halve Russia’s revenues from oil and gas by the end of the decade.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
Rosneft ramps up output by 11% in 9M-2023
Rosneft raised its hydrocarbon production by 10.7% in the first nine months of this year to 5.5mn barrels of oil equivalent per day.
Azerbaijan begins expansion into the European gas market
Azerbaijan is actively working to carve out a greater market share for its natural gas in Europe – targeting some countries that once relied heavily on Russian gas.
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
Azerbaijan builds a new oil tanker
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
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