FSUOGM - Former Soviet Union Oil & Gas

Oil & Gas


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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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Turkmenistan to extend Petronas’ PSC for Block 1

30 October 2019

Malaysian Prime Minister Mahathir Mohamad has said Turkmenistan will extend state-owned Petronas’ production-sharing contract (PSC) for offshore Block 1 in the Caspian Sea by 10 years until 2038.

Moscow’s new African initiatives

30 October 2019

Russian companies and African states signed a number of new memoranda last week at the first Russia-Africa Summit in Sochi

Latest Russia-Ukraine gas talks fail to yield breakthrough

29 October 2019

Officials from Russia, Ukraine and the EU met again on October 28in Brussels to discuss terms for the transit of Russian gas via Ukraine next year, with still no breakthrough in negotiations in sight.

Shares of Russian oil dinosaur Surgut soar in mystery rally

28 October 2019

The shares of Russian fourth largest oil producer Surgutneftegaz (Surgut) leaped by a third (31%) in value between October 23 and October 25 and setting a new all time high price record of RUB48 ($0.75), with no apparent catalysts or news flow.

Tankers for Novatek’s LNG projects shielded from sanctions

22 October 2019

The owner of four tankers servicing the liquefied natural gas (LNG) Yamal of Russian gas major Novatek is exempt from the latest round of the US sanctions, RBC business daily reported on October 22.

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