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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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Naftogaz Group has paid $2.1bn in taxes in 2023
Naftogaz Group, Ukraine's state-owned energy company, has paid UAH75.4bn ($2.1bn) in taxes for the period spanning January to October 2023.
Ukraine’s state-controlled natural gas extracting company Ukrnafta's revenue doubled in 1H23
Ukraine’s state-controlled natural gas extracting company, Ukrnafta, has reported its revenue doubled in the first year under state management. During this period, the company generated more than twice the average revenue for the previous 10 years.
Provisional EU agreement on curbing methane leaks could hinder Azerbaijan, Turkmenistan supply plans
Serbia moves away from dependence on Russian gas with new Azerbaijan supply deal
Serbia has agreed to buy 400mn cubic metres of natural gas a year from Azerbaijan from 2024, diversifying away from Russia.
Uzbekistan, Kazakhstan and Azerbaijan discuss green energy exports
Kazakhstan expects 2024 production at Tengiz oil field to roughly match 2023 output
The US-led price cap on Russian oil exports has failed and “almost no Russian oil is being sold for less than $60”
The US-led price cap on Russian oil exports has failed and “almost no Russian oil is being sold for less than $60” the Financial Times reported on November 14, according to Western experts and Russian export data.
Gazprom outlines 15-year plan to boost natural gas supplies to Kazakhstan and Uzbekistan
Gazprom restates $709mn claim on Moldova’s gas grid operator
Anchor found next to Balticconnector belongs to Newnew Polar Bear
Technical examinations confirmed the suspicion that the anchor found next to the Balticconnector gas pipeline last month belongs to the Chinese vessel Newnew Polar Bear, the Finnish authorities said.
The profit of the Azerbaijani management company in the SGC in 1H23 was about $727mn
FSUOGM: All eyes on Turkmenistan's methane emissions
Ukraine threatens to target Russia’s oil and gas assets
Ukraine is threatening to attack Russia’s money-making oil and gas assets if Russia repeats last year’s winter strategy of trying to destroy Ukraine’s power and heating facilities.
Russia reportedly prepares to lift fuel restrictions
Russian fuel producers have been informed by the government that they should get ready for the lifting of restrictions on diesel and gasoline exports.
Russian oil exports to China said to run into energy bottlenecks
Russian state oil pipeline operator Transneft is forced to “regularly” scale down the supplies of oil to China due to insufficient capacity and failures in the Kuzbass power grid.
Capitalisation of oil arm Gazprom Neft beats Russian gas giant Gazprom
The capitalisation of Gazprom Neft, the oil arm of Russia’s Gazprom, has surpassed that of the natural gas giant itself, reaching RUB4.04 ($4bn) on November 10 on Moscow Exchange versus RUB3.97 trillion for Gazprom.
India saves $2.7bn on oil imports by switching to Russia from Middle East
India has saved approximately $2.7bn in the initial nine months of 2023 by importing discounted Russian oil, as per Indian government data
Russia said to be preparing to lift gasoline exports ban
The Russian government is preparing the domestic fuel producers to lift all remaining restrictions on the export of diesel and gasoline, Reuters reported citing unnamed industry sources.
Report links Ukraine’s top general Zaluzhny to the Nord Stream 1 & 2 pipelines bombing
Roman Chervinsky, a colonel in Ukraine’s Special Operations Forces, was an integral part of the destruction of the Nord Stream 1 & 2 pipelines, an investigation by the Washington Post and Der Spiegel reported on November 11.
Zelenskiy calls for extension of ban on Ukrainian gas exports
Ukrainian President Volodymyr Zelenskiy has proposed that the country’s ban on gas exports should be extended for the entirety of 2024, as the country braces for a winter that might see further attacks on critical energy infrastructure by Russia.
Gazprom seeks hike in Russian gas transport tariffs
Gazprom has requested that the tariff it charges other Russian gas producers to transport supplies is raised by 10% from December 1.
All eyes on Turkmenistan's methane emissions
Turkmenistan, blessed with ample natural gas reserves but cursed with insufficient access to markets, has for decades been trying to advance ambitious pipeline projects to supply its resources to Asia and Europe.
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
EU lawmaker seek ban on Russian LNG imports
EU lawmakers are pushing for the bloc to impose a ban on Russian LNG and LPG supplies as they debate the next package of sanctions against the country.
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