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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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Will Russian gas transit via Ukraine end after 2024?
Ukraine has delivered a stark warning that Russian gas transit via its territory, one of only two remaining routes that Russian gas can flow to Europe, is likely to cease at the end of next year with the expiry of a five-year deal with Russia.
Europe should beware possible Turkish plans to provide backdoor route for Russian gas, warn academics
Europe should beware possible Turkish plans to provide a backdoor route for Russian gas, according to an analysis, titled Russian Gas by Any Other Name, written by two academics who looked at Ankara’s plans to set up a gas hub.
Russia’s LNG exports drop 9% in first half of 2023
Russia has seen a dip in total LNG exports in the first half of 2023, Reuters reports. From January to June, Russia’s LNG deliveries dropped by 9.4% to about 14.4mn tonnes, according to data revealed on July 3 by Refinitiv Eikon.
Gazprom wrapping up feasibility study for gasification in Kazakhstan
Gazprom plans to finish a preliminary feasibility study this month on a project to expand regasification in Kazakhstan, Kazakh Energy Minister Almasadam Satkaliyev said at a meeting with residents of the North Kazakhstan region at the end of June.
Orlen eyes stake in German refinery but only if Rosneft exits
Poland's largest oil company Orlen is considering purchasing a stake in a refinery located in Schwedt, east Germany.
Russia rules out further tax breaks for hard-to-recover reserves
The Russian budget has felt a squeeze this year from falling oil and gas prices as well as from the impact of Western embargoes and sanctions. As a result, the finance ministry has taken several steps to extract more revenue from the sector.
Shell takes criticism for ongoing Russian LNG sales
Shell has come under fire for its continued trade of Russian LNG, following an investigation by Global Witness which showed that the UK major was the fifth-biggest trader of the country’s super-cooled fuel in March to December last year.
Kazakhstan takes aim at the IOCs with multi-billion claims
Having found itself a minority shareholder in its own resources due to past investment policy, Kazakhstan is now pushing hard to protect its national interests, launching arbitration claims worth billions of dollars against the IOCs.
German regional head urges an eventual return to Russian gas
Saxony’s Prime Minister Michael Kretschmer of Germany’s Central Democratic Union has added to calls among German politicians that Russian gas must not be abandoned forever, despite the EU’s push to eliminate imports for good.
Novatek’s LNG floating transfer hub arrives in Murmansk
Russian natural gas producer Novatek has revealed that its first floating LNG transfer hub, Saam floating storage unit, arrived at the inlet of Ura Guba, 70km north-west of Murmansk, in northern Russia’s Kola Peninsula on June 27.
Russian oil majors mixed on 2022 dividend policy
Among Russia’s leading oil and gas companies, only Rosneft, Gazprom Neft Surgutneftegaz and Transneft have approved final dividends for 2022, amid market uncertainty that has been exacerbated by recent changes in the tax code.
SOCAR sees 53.8% surge in revenue in 2022
Shell brand officially launched in Armenia
Kazakhstan accelerates construction plans for gas processing plant to keep workers employed
Subsidiaries of Russia’s Rosneft could be hit by windfall tax
This month the Russian Ministry of Justice and the cabinet approved the draft law proposed by the Ministry of Finance "On tax on excess profits of previous years", or the so-called one-time “voluntary” windfall tax on the real sector.
Turkey remains top destination for Russian diesel exports
Turkey is set to be the top destination for Russian diesel exports again this month, with trader comments and Refinitiv Eikon data also showing the country’s own shipments will increase following the completion of seasonal refinery maintenance.
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