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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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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.
Gazprom, YATEK go head to head over rights to Yakutia gas blocks
Russia’s state-owned Gazprom and Yakutsk Fuel and Energy (YATEK), controlled by Russian businessman Albert Avvdolyan’s A-Property holding, have locked heads in an auction for rights to explore two gas fields in the Far Eastern region of Yakutia.
Gazprom delays launch of coalbed methane-to-LNG plant in Kuzbass region
Russia’s Gazprom has pushed back the planned launch of the country’s first plant for producing LNG from coalbed methane (CBM), the Vedomosti business daily reported last week, citing sources.
Russian gas flow via TurkStream slumps to year-low
Russian gas exports to the EU via the TurkStream pipeline slumped to their lowest level in a year in May, amounting to only 774.6 mcm, or less than 25 mcm per day.
India's import of discounted Russian crude oil reached a record high in May
India's import of discounted crude oil from the Russian Federation reached a record high in May, according to trade and shipping data, with state-run refiner IOC emerging as the largest importer of Russian oil, surpassing rival Reliance Industries.
S&P expects Azerbaijan oil production to decrease by 7% and gas to increase by 7% in 2023-2026
Top 100 foreign companies still working in Russia see profits soar by half in 2022 to $13bn
The top 100 foreign companies still working in Russia from "unfriendly" countries saw profits soar in 2022, up 54% to RUB1.1 trillion ($13.3bn). The top three companies accounted for half of all those profits.
Russia sends more oil to Asia than Europe in 2022 for the first time ever
Deputy PM Alexander Novak highlighted that in 2022 Russia sent more oil to Asia than to Europe for the first time ever. In addition Russia saw substantial increases in exports of oil, oil products, pipeline gas, LNG, and coal to various nations.
Russia to set expand oil supplies via southern Druzhba stream in June
This surge in supply is driven by EU refiners' desire to secure more oil amid concerns over potential disruptions in transit through Ukraine.
Biden administration was reportedly aware of Ukrainian plot to blow up Nord Stream pipelines three months prior to attacks
The CIA received a European intelligence service report that Ukraine’s military was plotting the attack with the use of a small team of divers who were reporting directly to the C-in-C of the country’s armed forces, General Valerii Zaluzhny.
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