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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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Novatek secures patent for second liquefaction technology
Russia’s leading LNG exporter Novatek reported last week it had obtained a Russian patent for a proprietary technology it calls Arctic Mix, designed for large-scale natural gas liquefaction using mixed refrigerants.
Russia to start using SPIMEX-based Urals price assessment to calculate tax as early as this year
Russia is hopeful that it can start using a Urals benchmark price assessment at the St Petersburg International Mercantile Exchange (SPIMEX) to calculate how much tax oil exporters should pay as early as this year.
INK brings on stream Russia's second-biggest helium plant
The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.
Naftogaz paid over UAH40bn in taxes from January to May
Naftogaz, Ukraine’s oil and gas giant, paid over UAH40bn ($1.09bn) in taxes in the first five months of the year, Economic Pravda reported on June 19.
Rosneft eyes oil supply deals in upcoming tender
Russia’s largest oil producer Rosneft is near to clinching long-term deals to sell significant quantities of crude internationally, the Wall Street Journal reported on June 15, citing sources.
Kazakhstan, China expand oil and gas ties with raft of new deals
Kazakhstan has struck a number of deals this month to expand co-operation with China in the oil and gas industry, as Astana seeks closer ties with Beijing while reducing its reliance on Moscow.
Gazprom strikes deal on gas supply to Uzbekistan
Russia’s Gazprom has signed a contract for the supply of natural gas to Uzbekistan, the company announced on June 16, with shipments potentially ranging between 4-10 bcm per year.
Russia repeats calls for transparent probe into Nord Stream blasts
Russia has stepped up calls for a transparent investigation into the blowing up of the Nord Stream pipelines last week.
Russian President Putin said Russia is “getting off the needle” of raw material exports
Russian President Vladimir Putin said Russia is “getting off the needle” of its raw materials export dependency during his keynote speech at the St Petersburg International Economic Forum (SPIEF) on June 16.
Russia resumes oil exports to North Korea
Lukoil’s Alekperovs consolidate oilfield service business
The family of the main shareholder of Russia’s second-largest oil producer Lukoil, Vagit Alekperov, is expanding its presence in the oilfield service business, Kommersant daily reported.
Corruption probe unveils misconduct at Ukrainian Railways: four employees implicated
Four employees of Ukrainian Railways (UZ) are suspected of fraud, following a three-year-long investigation, the Kyiv Independent reported on June 14.
Russia’s FinMin to pull tax breaks from mature oilfields
Russia’s Finance Ministry plans to cancel the 20% deduction from the mineral extraction tax (MET) for depleted oilfields that account for more than 25% of crude output, Kommersant daily reported citing unnamed sources.
Axens signs deal with KMG on supplying process design package for AlphaButal technology
Shah Deniz gas export rises 8.7% in first five months of 2023 amid overall boost in Azerbaijan's gas output
bneGREEN: Turkmenistan responds to calls for action on immense methane leaks
One initiative approved by president will pave way for remote nation to join the Global Methane Pledge.
The EU’s will fight the energy crisis by storing more gas in Ukraine
The EU’s will fight the energy crisis by storing more gas in Ukraine. With gas storage tanks in the EU already approaching full capacity and already over 70% full, the EU is considering making use of Ukraine’s extensive gas storage tanks.
Duty falls on Novatek to drive Russian gas export growth amid Gazprom's demise
Russia’s Novatek has been looking to capitalise on the misfortunes of its larger state-owned rival Gazprom by ramping up LNG exports, in turn helping ease the pain of the country’s loss of most of its market share in Europe.
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