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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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Urals price hits $60 price cap level for first time
The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.
Kazakhstan restarts idle wells after blackout
Kazakhstan's state-run oil and gas producer, KazMunayGaz, along with regional producers, is restarting thousands of idle wells following a blackout that affected the Mangistau and Atyrau oil provinces in the western part of the country.
Enagas names Russia as Spain’s largest LNG supplier in June 2023
Russia was the largest supplier of LNG to Spain in the month of June, providing more than a quarter of the country’s total purchases, according to Enagas data.
Expansion of refinery shutdowns may prevent Russia from upholding promises to OPEC+
Russia may have difficulty upholding its pledge to cut oil production in line with the goals of OPEC+ because of its decision to shutter more refining capacity than previously anticipated in July.
Rosneft takes another step away from Venezuela
Russia's Rosneft has given up its control over 49.9% of stock in Citgo but still appears interested in Venezuela.
OMV head says his country will continue to source most of its gas from Russia
Alfred Stern, CEO of the Austrian energy group OMV, says his company will continue to source the majority of its natural gas supplies from Russia in the winter of 2023/2024.
Moldova prepares to take over gas transport infrastructure from Gazprom
Moldova’s energy market regulator ANRE has designated VestMoldTransGaz, a company controlled by Romania’s Transgaz, as the future operator of the gas transport infrastructure currently controlled by Gazprom owned Moldovagaz.
TotalEnergies, SOCAR launch first-phase production at Absheron gas field
France’s TotalEnergies has launched the first phase of development at the Absheron natural gas and condensate field offshore Azerbaijan.
Azerbaijan, Hungary discuss gas supplies via Solidarity Ring
Azerbaijan’s Energy Minister Parviz Shahbazov met with Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto on July 10 to discuss energy co-operation.
Kremlin insists gas hub plan still on track despite Turkish tensions
The Kremlin has insisted that its plan for creating a hub for Russian gas supply in Turkey is unaffected by recent strains in ties with Ankara over the latter’s return of five Ukrainian commanders back to Kyiv.
Kazakhstan’s oil exports via Baku-Tbilisi-Ceyhan pipeline surge
Kazakhstan's national company, KazTransOil, has reported that it exported 347,100 tonnes of oil from the Tengiz field through the Baku-Tbilisi-Ceyhan oil pipeline in the second quarter of this year.
Kaztransoil says Tengiz oil shipments from Aktau to BTC pipeline soared in Q2 2023
Kazakhstan’s state oil pipeline operator Kaztransoil succeeded in boosting exports of crude from the Tengiz field via Azerbaijan more than 18-fold in Q2 2023.
Turkmenistan will continue seeking to boost gas exports to China
Turkmenistan’s Minister of Foreign Affairs Rashid Meredov has said that his country will continue working to boost natural gas exports to China.
Ukraine interested in LNG transportation via Bulgaria, joint renewable energy projects
Ukraine is interested in the transportation of liquefied natural gas via Bulgaria and its storage at the Chiren facility, as well as in joint renewable energy projects with Bulgaria.
Ukrgazvydobuvanny launched operations of three gas wells in June
Ukrgazvydobuvannya, a subsidiary of Naftogaz Group, launched two new wells and revamped an old one in June with a total flow of 425,000 cubic metres per day of gas, Naftogaz reported on July 5.
Azerbaijan invited to join Opec
Uzbekistan almost quadruples imports of Russian oil
Uzbekistan has increased purchases of Russian oil in transit through Kazakhstan by almost four times. Some 10,700 tonnes of oil were shipped from Russia to Uzbekistan through Kazakh territory in 1Q23.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
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