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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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Turkmenistan hits back against Russia's "gas union" proposal
Russia’s suggestion that more countries join its so-called “gas union” with Kazakhstan and Uzbekistan has prompted a stern rebuke from Turkmenistan, warning Moscow against trying to expand its influence over the Central Asia-China gas pipeline.
First Arctic LNG-2 train arrives at project site
Russia’s Novatek has announced the delivery of the first train of its planned Arctic LNG-2 terminal to the project site on the western shore of the Gydan Peninsula in the Arctic, ahead of its scheduled launch before the end of the year.
Russian pipeline gas flow to EU reaches recent height in August
Russia’s Gazprom increased daily gas flow to the EU via the TurkStream pipeline to an historic high of over 51 mcm per day in early this month, while deliveries via Ukraine have also risen to a recent high this month.
OPEC raises forecast for Russia’s 2023 oil production
The latest OPEC Monthly Oil Market Report shows that non-OPEC liquids supply is expected to rise, mainly due to a 100,000 barrels per day increase in sanctions-affected Russian production.
Azerbaijan reduced oil production by 7.7% in January-July
Iran increases gas swap delivery deal with Turkmenistan and Azerbaijan
Iran has increased a gas swap deal with Turkmenistan and Azerbaijan from 4.5mn cubic metres per day to 7.5 mcm per day, Tehran’s ambassador to Ashgabat said to Tass on August 13.
RIDDLE: A valve that cannot be shut off
Despite the numerous economic sanctions imposed by Russia and Ukraine (along with their allies) on each other, the gas trade turnover between the two countries amounted to $6.1bn in 2022 and has not stopped despite the war.
Kazakhstan unveils plans to auction off five oil and gas fields and six exploration blocks
Moldova repays EBRD gas security revolving loan in advance, rushes to replenish reserves
Report says Kazakhstan planning to extend ban on LPG exports
Iran, Armenia extend gas-for-electricity deal until 2030
Russia excludes hydrocarbon sector from new windfall tax
Russian gas company revenues set to more than halve in 2023
Russian natural gas companies could see their revenues plummet by over half in 2023 compared with the previous year, according to findings released on August 7 by Russian consulting firm Yakov and Partners.
EU gas tanks close to full, traders switch to Ukraine storage
European gas storage tanks were 87.7% full as of August 6, well ahead of the schedule that demands they reach 90% by November 1, according to GIE, leading traders to switch to storing more gas in Ukraine’s underused tanks.
Kazakhstan returns rights to hundreds of natural resources sites to state
Kazakhstan has returned rights to hundreds of gold, coal, iron, oil and copper deposits to the state and put them up for auction, after citing violations of licence and contract terms by subsoil users.
Gazprom subsidiary sues UniCredit over delayed Ust-Luga LNG project
RusKhimAlyans, a 50:50 JV between state-owned Gazprom and a private firm called RusGazDobycha, has filed a RUB45.7bn ($472mn) lawsuit against Italy’s UniCredit over its failure to fulfil obligations as guarantor of the Ust-Luga LNG project.
Russia lifts ban on Novorossiysk oil tanker exports
Black Sea war zone threatens to knock out Kazakh oil
Tankers imperilled as, following drone attacks on shipping, aide to Ukraine’s president says everything the Russians are moving back and forth on the sea is now a “valid military target".
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