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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Need more convincing?

Global gas flaring drops 3% in 2022

5 April 2023

The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.

Hungary seeks out Azeri gas via Southeast Europe

5 April 2023

Hungary is teaming up with Bulgaria, Romania, Greece and Turkey to look at options for securing natural gas from Azerbaijan via Southeast Europe, Foreign Affairs and Trade Minister Peter Szijjarto has said.

Details emerge of huge fines Kazakhstan is pursuing relating to Kashagan oilfield

5 April 2023

The country’s Tokayev administration has resolved to tighten operating conditions for foreign-led oil and gas developments and potentially raise its equity interest in the largest offshore project, Kashagan.

German insurers renew cover for Nord Stream 1

4 April 2023

German insurers Allianz and Munich Re have renewed coverage for the burst Nord Stream 1, sources told Reuters on April 4, indicating that the gas pipeline’s future restart has not been ruled out.

Kazakhstan's KMG to expand tanker fleet with Abu Dhabi partner to diversify oil export routes

4 April 2023

Kazakhstan’s state-owned oil company KazMunayGas has agreed with the Abu Dhabi Ports Group on expanding their jointly controlled tanker fleet, in a bid to cut the Central Asian country’s dependence on Russia as an export route for its crude oil.

Novatek bids to acquire stake in Sakhalin-2 project, replacing former partner Shell

4 April 2023

Russia’s leading LNG producer Novatek has applied to join Gazprom at the Sakhalin-2 oil and LNG project, replacing former shareholder Shell,

India, Russia adopt Dubai grade for pricing oil trade

4 April 2023

Russia’s top oil producer Rosneft and India’s largest oil refiner Indian Oil Corp. have agreed to use the Asia-oriented Dubai oil price benchmark in their latest agreement to ship Russian crude to India.

Six little-known firms emerge as major Russian oil traders, replacing former leading players

3 April 2023

Western sanctions as well as corporate self-sanctioning have led the biggest international oil traders to reduce their exposure to Russia considerably, pushing more Russian oil trade into the shadows.

OPEC+ announces surprise output cut

2 April 2023

OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.

Ukrnafta to increase oil production to 1.45mn tonnes

31 March 2023

Ukrnafta, the largest oil and gas producer in the country, plans a 6% increase in oil production this year to 1.45mn tonnes of oil, Ukranews reported on March 30.

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