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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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What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
EU lawmaker seek ban on Russian LNG imports
EU lawmakers are pushing for the bloc to impose a ban on Russian LNG and LPG supplies as they debate the next package of sanctions against the country.
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
Activists and workers in restive Kazakh oil town Zhanaozen demand release of union leader
EC to investigate Bulgaria for exploiting Russian oil sanctions loopholes that earned the Kremlin €1bn
The European Commission will investigate Bulgaria for exploiting loopholes in the oil sanctions regime against Russia that have earned the Kremlin $1bn.
Hungary blasts Bulgaria for slapping transit fee on Russian gas
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Kazakhstan expects oil output at up to 94mn tonnes in 2024
Kazakhstan to address shortage of LPG
Ukraine’s diesel imports put pressure on Romania’s ports
The volumes of diesel imported by Ukraine through port terminals in Romania increased by 60% month on month to 141,000 tonnes in October, after Ukraine banned the import of oil products without documents of of non-Russian origin.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Kazakhstan to supply oil to Hungary via route bypassing Ukraine
Russia only one of three countries to meet global LNG demand: Mikhelson
The global market for LNG will continue to grow, and only three countries have sufficient resources to satisfy it, Novatek CEO Leonid Mikhelson said at a speech at the Verona Eurasian Economic Forum in Samarkand on November 3.
Russia seizes more German Linde assets
The Arbitration Court of St Petersburg and Leningrad ordered a seizure of 13 ISO containers for liquid helium owned by Germany's Linde in favour of RusKhimAlyans, a subsidiary of gas giant Gazprom, Reuters reports citing court materials.
Iraqi discussions in Turkmenistan to complete gas supply procedures
Iraq's Ministry of Electricity announced discussions are being held by a government delegation in Turkmenistan to complete the procedures for supplying gas to the country.
Russian oil, gas revenues soar in October on income tax payments
Russian oil and gas revenues soared last month as a result of a cyclical injection of profit-based tax, doubling from September to $17.6bn, according to data published by the finance ministry on November 3.
Kazakhstan hopes to double gas supplies to China in future
Kazakhstan believes it may be able to more than double gas supplies to China in the future, even as it reaches out to Russia to cover its domestic needs.
Russia targets 30% of global LNG market share by 2035
Russia is targeting a 30% share of the global LNG market by 2035, Deputy Energy Minister Pavel Sorokin announced on October 31, citing draft plans for the country’s new national energy strategy.
Gazprom eyes long-term gas supply, transit deals in Central Asia next year
Russia’s Gazprom plans to sign long-term gas supply and transit agreements next year with Kazakhstan, Kyrgyzstan and Uzbekistan.
Consultancy stresses Russian need to bring new oilfields online to keep output stable
Russia needs to commission new oilfields with a combined output of 130-230mn tpy (2.6-4.6mn bpd) by the end of the decade to maintain current production levels, say Yakov and Partners, the former Russian division of global consultancy McKinsey.
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