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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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Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
Turkmenistan: Uzbek to the future
Ties with Uzbekistan have never been so strong. The situation is producing tangible results. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Russian oil & gas budget revenues shrink 21% in August
Russian oil and gas revenues shrank nearly 21% month on month in August to RUB642.7bn ($6.6bn), finance ministry data released on September 5, as a result of increased subsidies to oil refineries and a cyclical drop in income-based tax.
29 Russian cities have joined emission quotas trial
Russia is looking to address air quality problems and the overall environmental situation in its cities as part of a federal programme, but these efforts could be stunted by international sanctions.
ASX-listed TMK Energy says performance of pilot wells at Mongolia coal seam gas project in line with expectations
Romania’s Transgaz to operate Moldova’s natural gas transport system
Russian Lukoil’s oil terminal comes under Bulgarian control
Rosneft, Transneft quash beef over 2019 Druzhba dirty oil crisis
Russia’s largest oil company Rosneft and the country’s oil pipeline monopoly Transneft have settled a long-standing dispute over compensation for the 2019 contamination of oil in the Druzhba pipeline system.
Foreign traders pumped 1.1 bcm of gas into Ukraine in August, bringing total to 1.8 bcm
Ukraine welcomed 1.1bn cubic metres of gas into its storage facilities from the EU and Moldova last month, Ukraine Business News reported on September 4.
Azerbaijan boosts economic ties with China: opens Trade House in Beijing and seeks expanded energy cooperation
Russian companies build up $200bn secret slush fund despite the oil sanctions
The unprecedented and extensive sanctions to limit Russia’s oil export income have successfully reduced Russia’s export earnings and budget revenues, but via various scams Russian companies have built up a slush fund of some $200bn abroad.
Russian oil major Rosneft settles Druzhba oil spill with Transneft
In 2019 the transit of Russian oil via the Druzhba pipeline was disrupted due to persistent technical problems in Poland and Germany, and uncertainty over mechanisms of compensation for botched supplied of crude to European refineries.
Can Europe simply ban Russia's soaring LNG imports too?
Europe has cut itself off from Russian gas following the destruction of the Nord Stream 1 & 2 pipelines last year, but imports of Russian liquefied natural gas have soared as it seeks sources of fuel and has few other options. Or does it?
Foreign portfolio investors wait for details of mooted Lukoil share buyback
Russian oil major Lukoil intends to redeem 25% of its stock owned by non-nationals at half the market price, the company said in August. The offer follows on from a similar successful share buyback scheme by retail giant Magnit in June.
Ruble vulnerable to foreign buybacks
The ruble could bear additional risks from share buyback offers to foreign shareholders similar to that reportedly considered by Lukoil oil major, Sberbank CIB analysts argue as cited by Kommersant daily.
Kazakhstan expects to transit at least 900,000 tonnes of oil via Druzhba pipeline to Germany within this year
Kazakhstan buys two new tankers with 8,000 deadweight tonnage for Caspian Sea oil shipments
Gas branch of Gazprom giant loss-making in 1H23
Ukrgasvydobuvannya discovers new gas field with 1 bcm in reserves
Ukrgasvydobuvannya, a subsidiary of Naftogaz, discovered a new gas field with reserves of 1bn cubic metres of fuel, the company announced on August 30.
Hungary to increase purchases of natural gas from Azerbaijan
Bulgaria to probe secret deals with blacklisted Russians on TurkStream construction
Prosecutors are probing allegations that Bulgarians officials secretly met sanctioned Russians to speed up construction of the local stretch of the TurkStream pipeline.
China eyes cheaper Iranian crude as Russian discounts dry up
With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.
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