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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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Power of Siberia 2 gas pipeline deal with China to cut Russian domestic supplies
Completing the Power of Siberia 2 (POS2) gas pipeline linking China to Russia’s Yamal gas fields may reduce the amount of gas available to the domestic market, Russian Energy Minister Sergey Tsivilev said during the Eastern Economic Forum.
COMMENT: Potential sanctions on Russian oil keeps price outlook uncertain
The ongoing Ukraine war ceasefire talks and the potential for new and even more extreme sanctions on Russian oil exports is keeping the outlook for the price of oil uncertain, Oxford Economics said in a note.
Russia's Rosneft secures deal to boost oil supplies to China via Kazakhstan
Russia’s largest oil producer Rosneft has secured an additional agreement to supply 2.5mn tonnes of oil annually to China through Kazakhstan, Interfax reported on September 4, citing Russian Energy Minister Sergei Tsivilev.
China’s CNPC wins tender to develop fourth phase of giant Turkmen gas field Galkynysh
China’s CNPC has won a tender to develop the fourth phase of one of the world’s largest gas fields, Galkynysh in southeastern Turkmenistan.
Construction of Kazakhstan’s $7.7bn polyethylene plant to enter main phase in October
KazMunayGas (KMG) has announced that full-scale construction of the polymerisation unit at Kazakhstan’s future polyethylene production plant will begin in October, Hydrocarbon Processing reported on September 3.
Kazakhstan’s August oil output slips to 1.71mn bpd, Energy Ministry rejects reports of growth
Kazakhstan’s Ministry of Energy has confirmed that the country produced 1.712mn barrels per day (bpd) of crude oil in August, marking a decrease of 48,000bpd compared with July, official news agency Kazinform reported on September 3.
Russia inks Power of Siberia 2 pipeline memorandum with China and Mongolia
Russia has signed a "legally binding memorandum" on the construction of a gas pipeline to China, Power of Siberia 2, though few details on pricing and timing were given.
Serbia pushes for gas deal in Beijing meeting with Putin
Russia remains a key supplier of energy to Serbia and an ally in Belgrade’s dispute with Kosovo, despite strains in their relationship over the war in Ukraine.
Don't overstate the China-Russia gas deal
Russia, China and Mongolia have signed a memorandum on the long-discussed Power of Siberia 2 pipeline, but Beijing remains cautious about locking itself into major new supplies from Moscow.
Russian petrochem major Sibur eyes $400mn bond sale, IPO still on the cards
Russian petrochemical major Sibur opened the order book on August 28 for its new five-year US dollar-denominated bonds series 1R-08 with a fixed monthly coupon and a volume of up to $400mn, according to Cbonds.
Profits of Russian oil majors plummet in 1H25
Russian oil majors see their profits drop two- to three-fold across the board in 1H25
Kazakhstan’s Energy Ministry says no disruption to oil exports despite CPC mooring point shutdown
Kazakhstan’s Energy Ministry said oil exports through the CPC pipeline are continuing without disruption despite the temporary shutdown of one of the system’s offshore loading points on the Russian Black Sea coast following an oil spill.
TAP delivers over 50 bcm of Azerbaijani gas to Europe since launch
TAP delivered over 50 bcm of Azerbaijani gas to Europe since launch
Uzbekistan’s gas imports outpace exports despite higher sales to China
Uzbekistan brought in more natural gas than it shipped abroad between January and July, the state statistical agency has reported.
Chinese terminal accepts first LNG cargo from sanctioned Arctic LNG 2 plant
Russia’s huge Arctic LNG 2 plant has been unshackled, finally finding a buyer for its cargos after being unsuccessful last summer.
COMMENT: Russia’s size is its Achilles’ heel as Ukraine targets its oil infrastructure
Since August the Armed Forces of Ukraine has mounted a continuous barrage on Russian refineries that has reduced output by 20%. Russia is so big that the Kremlin can’t protect all its pipelines and refineries.
Russia offers Niger nuclear deal as France loses influence
Russia has proposed building Niger’s first nuclear power plant, signalling a deepening partnership in civilian atomic energy and challenging France’s longstanding role after Niamey seized and nationalised some uranium assets.
ExxonMobil held secret Kremlin talks on a return to the Russian market
US oil major ExxonMobil held secret talks with the Kremlin on a possible return to working in Russia, the Wall Street Journal reports
Russian thermal coal exports recover in 1H25
COMMENT: Can Russia weather Ukrainian drone attack fuel crisis?
Russia is once again navigating a familiar crisis: surging gasoline prices, empty fuel pumps, and mounting pressure on its domestic supply system. This is not the first time Russia has faced a fuel crisis, but this one is especially bad.
EU commits to huge increase in energy imports from US - Statista
One of the key components of the trade deal that the European Union and the US agreed upon on July 27 is the EU’s commitment to massively ramp up energy imports from the United States, Statista reports.
Azerbaijan, Iran agree to extend gas supply for Nakhchivan
Russia’s Gazprom and Mongolia ink memorandum on deepening partnership in oil and gas
Russia’s Gazprom and Mongolia have signed a memorandum of cooperation on deepening partnership in the oil and gas sector, the Russian energy giant said on August 26.
Ukraine’s Naftogaz and Norway’s Equinor sign cooperation memorandum
Ukraine’s state-owned energy company Naftogaz said it had signed a memorandum of cooperation with Norwegian oil and gas major Equinor aimed at sharing expertise and exploring joint projects.
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