FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Need more convincing?

European gas exceeds $2,200/1,000 cubic metres for the first time since March

28 July 2022

Dutch TTF hub gas prices rose to €202/MWh, or c$2,200 per 1,000 cubic metres, on July 26, as flows from Russia’s Nord Stream pipeline were curtailed from 67 mcm per day at the beginning of the week towards a stated target of 33 mcm per day.

Ukraine appeals to US for gas supply

28 July 2022

Ukraine requested gas from the US as the country prepares for its “most difficult winter”, the Kyiv Independent reported on July 27.

Naftogaz to propose new agreement with investors "immediately", having defaulted on bond payments

28 July 2022

Ukraine’s national gas company Naftogaz has slipped into default after failing to negotiate a payment freeze with bondholders. As a result, the company will propose a new agreement immediately, according to a statement published by Naftogaz

Ukraine could increase gas transits to EU to over 200mn cubic metres per day

26 July 2022

Ukraine has stated it could increase gas transits to over 200mn cubic metres per day to the EU after Gazprom cut gas flows via the Nord Stream 1 pipeline, Ukraine Business News reported on July 26.

Ukraine’s Naftogaz faces default on $335mn bond payment

26 July 2022

Naftogaz failed to persuade enough of its bondholders to accept a two-year freeze on payments at the eleventh hour and the government refused the company permission to make good on its obligations.

EU clinches deal on 15% cut in gas consumption from next month

26 July 2022

EU member states have agreed to back the European Commission’s proposal to implement a 15% cut in gas consumption starting next month, but the agreement includes some concessions to those countries that had voiced opposition to the measure.

Gas flows in Nord Stream 1 at 20% are insufficient to fill gas storage ahead of winter

26 July 2022

Gazprom’s announcement that it was cutting gas flows in the Nord Stream 1 pipeline to 20% of capacity on July 25 means the EU will miss its deadline to fill storage tanks to 80% full by October 1.

Naftogaz fails to change terms of eurobonds

25 July 2022

Naftogaz, Ukraine’s largest state-run oil and gas company, has failed to convince Kondor Finance to agree to change the credit terms of its eurobonds.

Gazprom to cut Nord Stream 1 flows again to only 20% of capacity

25 July 2022

Russian natural gas flow via the Nord Stream pipeline to Europe will be restricted further to only just above 20% of its capacity from the morning of July 27, Gazprom said on its Telegram channel on July 25, prompting a spike in European gas prices.

Lithuania transports oil products to Ukraine via Poland, bypassing Belarus

22 July 2022

The state-run Lithuanian Railways is transporting oil products for Ukraine via Poland, successfully avoiding Belarus, Ukraine Business News reported on July 21.

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