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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 cancels $1.21mn bonuses to former management of companies linked to notorious oligarch
Naftogaz, Ukraine’s state-owned oil and gas company, cancelled UAH44.7mn ($1.21mn) in bonuses to former employees of three companies integrated into Naftogaz, the company stated in a press release on August 21.
Russia sues fertiliser tycoon Melnichenko for Siberian energy assets
Melnichenko’s case shows that domestic tycoons also risk falling victim to infighting between groups close to the Kremlin.
Socar, Uzbekneftegaz pursue trade and logistics cooperation in gas and petrochemicals
Brazil on track to import record amount of Russian fuel this month
Brazil is on track to import record hig.h volumes of Russian petroleum products this month.
EU gas storage levels reach 90% of capacity
Turkmenistan signals major change in energy-export stance
Ashgabat’s shifting position opens the way for expansion of natural gas supplies to Europe.
Italy cuts Russian gas flow to nearly zero, says minister
Developing Russian LNG motor fuel market will need $7.4bn in investment by 2030
Making the use of LNG as a motor fuel widespread in Russia will require some RUB700bn ($7.4bn) of investment by the end of the decade, but the Russian state is providing only RUB10bn of support towards this end.
Kazakhstan plans to export 1.2mn tonnes of oil to Germany via Druzhba pipeline in 2024
Kazakhstan eyes possibility of redirecting oil exports via Ust-Luga instead of Novorossiysk
FSUOGM: Moldova to slap fine on gas grid operator for failing to spin off from parent firm
Military tension in the Black Sea is similar to the Iran-Iraq war threats to oil trade
Tensions in the Black Sea between Russia and Ukraine have escalated rapidly in the last few weeks, drawing comparisons with the 'tanker war' of the 1980s.
EU traders pump 600mn cubic metres of gas into Ukraine's tanks, but a lot more storage capacity is available
EU traders have pumped 600mn cubic metres of gas into Ukraine's underground storage, making them 28% full, slightly ahead of the same date a year earlier.
Fire at Belarus' Mazyr oil refinery amidst false flag warning
A fire broke out at Belarus’ Mazyr oil refinery in the south-east of the country on August 10, one of two modern refineries in Belarus and a key source of foreign exchange earnings for Minsk.
Kazakhstan may supply up to 10 bcm of gas to Uzbekistan
Naftogaz Group drilling finds two more high-rate wells
Ukrgasvydobuvannya, a subsidiary of Ukraine’s national gas company Naftogaz Group, has successfully initiated operations on two high-rate wells, contributing a collective gas flow of 430,000 cubic metres per day.
Naftogaz's Ukrgazvydobuvannya launches two gas wells yielding 430,000 cubic metres per day
Ukrgazvydobuvannya, part of Ukraine’s Naftogaz Group, launched two wells yielding a combined flow rate of 430,000 cubic metres of gas per day, Naftogaz stated on August 15.
Russia to increase export duty on oil
The Russian Finance Ministry has revealed that the export duty on the country's oil is set to increase by $4.5, bringing it to $21.4 per tonne, effective from September 1, 2023.
Moldova to slap fine on gas grid operator for failing to spin off from parent firm
Moldova’s national energy regulator plans to slap a fine on gas grid operator Moldovatransgaz for failing to follow through on its commitment to spin off from parent company Moldovagaz, which is half-owned by Russia’s Gazprom.
Kazakhstan to extend ban on LPG exports
The Kazakh draft law proposes a ban on LPG exports via road and rail by three years and half a year respectively, TASS reported on August 9, citing a copy of the order that was published by the government for public discussion until August 18.
Russian Urals prices at west ports soar to $70-80 per barrel
The free-on-board price of Russia’s Urals oil, loaded at Baltic and Black sea ports, has risen to above $70 per barrel, the International Energy Agency reported on August 11
Kazakhstan makes fresh push for upstream investment with new subsoil auction
Kazakhstan is aiming to revive oil and gas exploration activity, planning to hold an online auction on October 20 to attract new operators for five fields and six exploration blocks in the Aktyubinsk, Mangistau, West Kazakhstan and Atyrau regions.
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