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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 CEO very bullish on future global LNG demand
Global LNG demand will surge to around 920mn tonnes per year by 2040, the head of Russia’s biggest LNG exporter Novatek, Leonid Mikhelson, said at a forum on December 5.
Sibur launches pilot centre for polymer tech
Russia’s largest petrochemicals producer Sibur has launched the country’s first pilot centre for testing base polymer technologies, as part of a push to substitute imports in the sector.
Kazakhstan sees 74% rise in Russian oil transiting to Uzbekistan this year
Kazakhstan’s national oil transport operator KazTransOil increased the transit of Russian oil to Uzbekistan by 74% from January to November this year, to 225,000 tonnes.
EXPLAINER: US sanctions on Gazprombank and what they mean for Russian gas in Europe
The sanctions have created some uncertainty and difficulties, but are unlikely to cause disruptions to gas flows, especially now that Russia has eased its own restrictions for payments.
Moldova's separatist Transnistria region prepares for the end of free Russian gas
Unrecognised republic faces heightened energy concerns as the current transit contract for Russian gas through Ukraine is set to expire on January 1.
GL Group to drill first deep onshore horizontal oil well in Azerbaijan
The first time a deep onshore formation will be reached in Azerbaijan as GL Group intends to drill a horizontal oil well with a target depth of 4400 meters and a lateral section of approximately 400 meters according to the press release.
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Russian petrochemical major Sibur could IPO 2%
Russian petrochemical major Sibur could IPO 2%
Rosneft delays Vostok Oil's launch until 2026
Vostok Oil is Rosneft’s flagship project and among the largest current investment initiatives in the global oil and gas industry.
Ukraine to halt Russian gas transit from January 1, 2025, shifting to imports via Slovakia and Poland
Ukraine will stop the transit of Russian natural gas through its territory starting January 1, 2025, marking a significant shift in the region’s energy dynamics.
Moldovan PM sacks energy minister, declares state of emergency in energy sector
Dorin Recean dismisses top energy sector officials for failing to secure enough gas ahead of winter.
Putin scraps requirement to pay for Russian gas at Gazprombank after bank hit by US sanctions
Foreign companies can now pay for Russian gas by crediting funds at their accounts via third parties and not directly through the account with the sanctioned Gazprombank.
Slovak Minister of Economy Saková is in Russia for talks with Gazprom
Slovakia’s Minister of Economy Denisa Saková of the centre-left Hlas ruling party has flown to Russia for talks with Kremlin-linked gas giant Gazprom.
Refineries in Kazakhstan process 16.7mn tonnes of oil in Jan-Nov
Tecnicas Reunidas eyes construction of engineering centre as part of polyethylene plant project in Kazakhstan
Fitch Solutions projects stable inflation and increased oil production in Azerbaijan
In the last decade, inflation in Azerbaijan has averaged 5.5%, and Fitch Solutions (FS), part of the Fitch Group, forecasts that inflation will average 5.0% over the next ten years until 2033.
Russia budgets no dividends from Gazprom in 2025
Russia’s Minister of Finance Anton Siluanov at the Russia Calling! Investment forum said that his ministry is not budgeting for any dividends from the state natural gas giant Gazprom in 2025
Ukraine scales up oil production as pilot project shows success
Ukraine's largest oil producer, PJSC Ukrnafta, is scaling up its oil extraction operations after a successful pilot project demonstrated a significant increase in output.
Hals Agro becomes Ukraine's second biomethane supplier to gas system, exports expected in January
Horodishche-Pustovarivskaya Agrarian Company (GOPAK), part of the Hals Agro agroholding, has become the second company in Ukraine to supply biomethane to the country’s gas transmission system.
Moldova’s authorities under pressure over energy price hikes
Parliamentary hearings on December 3 on increasing gas tariffs ended inconclusively in Moldova's Parliament, but the pro-EU authorities in Chisinau are coming under increasing pressure as more energy hikes may be needed.
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