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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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Proposed gas price cap prompts EU discord and Russian threats
The EU has proposed capping the price of Russian natural gas, as Brussels doubles down on efforts to hamper Moscow’s ability to finance its war in Ukraine.
Russian Novatek eyes Shell’s stake in Sakhalin-2 LNG project
Russian Rosneft next to place at least $1.4bn yuan bonds
Sanctions leakage: pipes and tankers
After about two months of problems caused by oil traders self-sanctioning, Russia’s oil exports have largely recovered and replaced most of the fall in demand in Europe with new buyers in Asia. The challenge Moscow now faces is how to get it there.
Does Ukraine have enough gas to survive winter? Sergiy Makogon, CEO of GTSOU, says the answer is yes
Can Ukraine keep its citizens warm this winter? In Kyiv and across the country, many are asking this question as the heating season approaches and the gas storage tanks are still lacking crucial reserves.
Moldova is negotiating gas supplies with Azerbaijan and Romania
Putin ready to turn on gas again but says if new sanctions imposed Russia “won’t deliver anything.”
Belarus increases oil production and plans common oil market with Russia
Amid the EU’s current energy crisis, Belarus and Russia are expanding their energy co-operation and Belarus is even increasing its oil production despite Western sanctions against its oil exports.
Chevron reportedly working with Kazakhstan on oil export alternatives to Russia’s Novorossijsk
Turkey set to pay in rubles for quarter of gas piped from Russia
INTERVIEW: "The European gas crisis is caused by Gazprom, they don't want to supply gas" – Sergiy Makogon, CEO of GTSOU
Fears of a brutal winter are sending chills through Europe, even more so after Russia stopped gas flows through Nord Stream 1 indefinitely last week citing an alleged oil leak.
OPEC+ reverses recent addition with first cut in 18 months
S&P cuts Kazakhstan outlook to negative amid fears of Russian hand on oil export tap
Oil accounts for around 15% of Kazakh GDP. Russia has ability to block pipeline via which its neighbour transits 80% of its crude bound for global markets.
Sanctions leakage: oil and gas
Not only have the extreme sanctions imposed on Russia following its invasion of Ukraine in February not crushed the economy, Russia is making a killing from the war thanks to the abundant leaks in the sanction regime.
Repairs to power lines at ZNPP currently impossible, says Ukrainian Energy Minister after final power unit shutdown
The hostilities around the occupied Zaporizhzhia nuclear power plant (ZNPP) have made it impossible to repair the final power line, which was disconnected following a fire at the plant, Ukrinform reported on September 5.
Azerbaijan increased its profit from Southern Gas Corridor by almost 43 times in 2021
Azerbaijan exported 11 bcm of gas via TANAP and TAP gas pipelines in January-August
SOFAZ doubled income from the sale of oil and gas from ACG and Shah Deniz in January-August
Iran implies West needs nuclear deal more than it does amid ‘crippling energy crisis’
Tehran serves reminder that ‘winter is approaching’ and Europe needs Iran’s oil and gas on the market.
MOSCOW BLOG: Economic war phase 2
Russia launched its Phase 2 of its military campaign in Ukraine in April, when it withdrew from northern Ukraine to concentrate its forces on taking Donbas. Now it has launched its Phase 2 of its economic war against Europe by stopping the gas flows.
Russia's indefinite closure of Nord Stream 1 triggers another price spike
Natural gas prices surged after Russia halted its biggest pipeline to Europe indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing.
Gazprom and Hungary agree on additional gas deliveries for winter
Agreement guarantees the delivery of up to another 5.8 mcm gas per day to Hungary in September and October.
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