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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 and Azerbaijan discuss Tikhoretsk-Baku oil pipeline expansion
Discussions between Russian Deputy Prime Minister Alexander Novak and Azerbaijani Energy Minister Parviz Shahbazov centred on the possibility of expanding the Tikhoretsk-Baku oil pipeline for reverse oil deliveries from Russia to Azerbaijan.
Eni-led consortium of Kashagan oil field operators may seek arbitration in response to $4.8bn fine imposed by Kazakhstan
Kazakhstan assesses potential Russian natural gas supply transit volumes for Uzbekistan
Azerbaijan reduced oil and condensate production by 7.7%, and increased gas output by 4.4% in January-September
Oil production with gas condensate in Azerbaijan in January-September 2023 amounted to 22.6035mn tonnes, down 7.7% from the same period in 2022. Commercial oil production with condensate amounted to 22.5138mn tonnes (down 7.8%).
Azerbaijan eyes participation in restart of Bosnia’s Brod oil refinery
Azerbaijan is interested in participating in the restart of production of Bosnia & Herzegovina’s Brod oil refinery, said Petar Djokic, Energy and Mining Minister of Republika Srpska.
Finland says subsea pipeline damage appears to be deliberate
Finnish media reported that the Finnish government and the Finnish Defence Forces suspect Russia attacked the Balticconnector gas pipeline.
Iraq sets itself up for new gas imports
The Iraqi government is stepping up efforts to diversify its gas import options as the country works to capture associated gas and develop standalone assets.
Ukrnafta seeks investors to develop 21 oil and gas fields
The Ukrainian state oil and gas extracting company Ukrnafta is seeking investors to develop 21 oil and gas fields in Ukraine, UBN reported on October 10.
COMMENT: Oil markets on tenterhooks as Hamas attack on Israel stokes contagion fears
Global oil markets face the possibility of a price spike following the surprise attack by Hamas militants on Israel, which has seen hundreds killed and the start of a new war that could potentially threaten energy flows in the region.
Improving Ukraine’s corporate governance will be key to attracting billions in investment
Ukraine needs to raise hundreds of billions of dollars of investment to rebuild its economy after the war is over. But as the country is dubbed one of the most corrupt countries in Europe, that will be hard unless it can improve corporate governance.
Russian energy ministry predicts 50% growth in LNG exports in 2024
Russian LNG production should grow by 50% in 2024 versus the level in 2022, according to energy ministry forecasts. But analysts doubt that this is realistic, noting that a lot depends on how quickly Novatek’s Arctic LNG-2 plant expands its capacity.
Moldova has enough gas reserves for coming winter season
KSE: Russian seaborne oil exports fall to lowest level since September 2022, but oil revenues surge
In August 2023, Russian seaborne oil exports reached their lowest point since September 2022, according to the September edition of ‘Russian Oil Tracker’ by KSE Institute. This decline came as Russia reduced its reliance on Western markets.
Russia mulls further measures to contain fuel crisis after prices fall for first time since spring
EU LNG imports drop to two-year low in September
EU LNG imports were down 8% month on month in September, reaching their lowest level in almost two years, as storage volumes are still ample and demand remains subdued, the bloc’s data shows.
Yale experts push back against reports of failure of price cap on Russian oil
Two experts associated with Yale University that helped advise the US Treasury Department on the Western price cap on Russian oil have pushed back against the notion that the measure has failed.
CPC oil pipeline set to flow record volume this year
The Caspian Pipeline Consortium (CPC) system is on track to flow a record 63.7mn tonnes (1.28mn barrels per day) of oil this year, its operator said on October 4.
Russia restarts diesel exports
Kazakhstan advances plans to expand oil pipeline network to export 200,000 barrels per day to China
Russian Lukoil to lend Azeri SOCAR $1.5bn to boost Turkish refining
Russia’s second-largest crude producer, Lukoil, will lend Azeri state oil firm SOCAR $1.5bn as part of a broader deal that will allow SOCAR's Turkish STAR refinery with 0.2mn barrels per day of capacity to receive Russian oil again.
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