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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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FSUOGM: Russia avoids most of the G7 oil sanctions on its exports
Caspian Sunrise reports 21% decrease in 1H23 pretax profit
Russia avoids most of the G7 oil sanctions on its exports
Russia has managed to avoid G7 sanctions on most of its oil exports, a development that will bolster the Kremlin's revenues as crude oil prices surge towards $100 per barrel, the Financial Times reported on September 24.
ING: Diesel supply concerns grow with Russian export ban
Middle distillate markets received another boost yesterday after Russia announced that it would be temporarily banning diesel and gasoline exports. This is at a time when there is already plenty of concern around middle distillate availability.
Former CFO of Russian gas major Novatek jailed in US
Mark Anthony Gyetvay, a former deputy chief and CFO of the Russian Novatek, was sentenced on 21 September to seven years and two months in a US prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts.
Russian pipe major TMK to hold SPO on Moscow Exchange
Russian oil and gas pipe maker TMK will hold a secondary public offering of around 15mn shares, or 1.5% of the issued capital, at a price of RUB205-RUB235 per share on the Moscow Exchange,
US to impose new sanctions on Russia’s booming LNG exports
The US is piling the pressure on Russia’s booming LNG exports with a new round of sanctions that will make production and transport more complicated. The latest round of sanctions takes aim at Russia's LNG expansion and trade efforts.
Russia bans fuel exports as deliveries to military surge
Russia has temporarily banned the export of gasoline and diesel to all countries outside a group of four ex-Soviet states, aiming to stabilise its domestic fuel market, as supplies of diesel to the military surge.
Kashagan presses forward with project to commercialise 1bn cubic metres of associated gas
CPC reports 9% expansion in oil throughput in 8M23
Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project
In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.
Indian oil firms seek solution for stranded dividend income purchases
India’s public sector oil companies are keen to pursue any and all options to utilise their frozen dividend income sitting idle in Russian bank accounts.
Naftogaz pays coupons on restructured 2022/2026 eurobonds
Uzbekistan's gas exports to China fall by 40%
EU reaction to Azerbaijan attack on Nagorno-Karabakh muted by growing dependence on Azeri gas
The Western reaction to Azerbaijan’s attack on Nagorno-Karabakh this week has been muted by its growing dependence on Azeri gas supplies.
Iran, Uzbekistan sign petrochemical memorandum
Zenith Energy to acquire another oil production asset in Kazakhstan’s Atyrau Region
Russian oil price discount shrinking, sanction dodging widespread
A recent study by the KSE Institute, led by senior economist Benjamin Hilgenstock, found that Russia is successfully avoiding oil sanctions and that the discounts it has to offer on its barrels of oil are tightening in comparison with Brent.
Halliburton equipment worth $7.1mn sold to Russia in past year
According to customs records, equipment from the US oilfield services giant Halliburton worth $7.1mn has been imported into Russia in the last year, the Guardian newspaper reports in an exclusive.
Global diesel shortage pushes prices over $1,000 per tonne
Oil refineries worldwide are grappling with challenges in meeting the demand for diesel, a crucial fuel that powers various sectors of the global economy, Bloomberg reported on September 19.
Clock is ticking for Russia to clinch gas supply deal with China
The clock is ticking for Russia to reach a contract with China for natural gas supply via the planned Power of Siberia 2 pipeline, but while Moscow claims negotiations are progressing, Beijing has been mute on the subject.
Ukraine storage reaches 14.7 bcm, enough for winter
Ukraine has accumulated 14.7bn cubic metres of natural gas in its underground storage facilities, passing the target needed to get through the winter, the Ukrainian Ministry of Energy reported on September 19.
Russian regions hit with fuel shortages as crisis intensifies
The fuel crisis that has engulfed Russia as a result of high international prices, a weaker ruble and a cut in subsidies to domestic refineries has led to outright shortages in some of the country’s southern regions, prompting government alarm.
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