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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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Russian oil pipeline operator Transneft asks to hike tariffs
Russian state oil pipeline operator Transneft proposed to additionally index the tariff for oil transportation in 2025 by 8.7%, warning that it could face a cash deficit of up to RUB582bn ($5.5bn) by the end of 2029.
Russia’s LNG exports rise nearly 5% against 2023
Russia’s LNG exports have risen 4.7% in the period from January to November compared to the same time last year.
Nine jailed pending trial for disrupting Erdogan speech with protest over Azerbaijani oil flowing to Israel via Turkey
Kazakh energy ministry confirms oil deliveries via Druzhba to Germany are undisrupted by leak
Gazprom is still struggling to achieve growth after posting first loss in decades in 2023
Last LNG carriers head back to Yamal as navigation through eastern NSR ends for this year
Navigation in the eastern sector of the Northern Sea Route for 2024 has concluded as the last LNG tankers from Yamal LNG return from China.
Rosneft's IFRS net profit down 14% in 9M
Rosneft reported a net profit of RUB926bn under International Financial Reporting Standards for the first nine months of this year, marking a 13.9% decline year on year.
Kazakh businessmen acquire mothballed gas processing plant
Kazakhstani businessmen Kens Rakishev and Baikadam Ablasanov have acquired a mothballed gas processing plant previously owned by Moldovan businessman Anatol Stati, who was embroiled in a lengthy legal battle with the Kazakh government.
Russia starts stripping Germany's Linde of assets
Germany’s Linde, which ceased operations in Russia citing sanctions, has begun losing its assets in the country after failing to win a series of legal battles with Russian contractor RusKhimAlliance.
Turkey seeks US sanctions waiver to pay for Russian gas
Turkey is negotiating with the United States to secure a waiver from sanctions that Washington introduced last week against Russia’s Gazprombank, an affiliate of Gazprom, Moscow’s gas monopoly.
Saudi Arabia gains Asian oil market share as Russian exports decline
Saudi Arabia strengthened its position in Asia's oil market in November, while Russian exports to the region fell to their lowest level since January, according to LSEG Oil Research data, signalling a potential shift in regional market dynamics.
Gas prices rising as EU storage tanks empty faster than usual
Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.
Azerbaijan says BTC pipeline cannot accommodate more than 2.2mn tonnes of Kazakh oil exports annually
Moldova’s market regulator hikes natural gas price by 27%
Moldova’s National Energy Regulatory Agency (ANRE) has approved a 27% hike in natural gas tariffs for final consumers, raising the rate to MDL 15.5 per cubic metre.
FSUOGM: Turkey seeks US waiver from Gazprombank sanctions
India's ONGC Videsh Ltd acquires stake in Azerbaijan’s ACG field, BTC pipeline for $60mn
ONGC Videsh, a subsidiary of Indian state energy firm ONGC, has finalised the purchase of a 0.615% stake in Azerbaijan’s Offshore Azeri-Chirag-Gunashli (ACG) field from Equinor, alongside a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Russia removes MET for hard-to-recover Yamal gas projects
Russian President Vladimir Putin has signed a law eliminating the mineral extraction tax (MET) on natural gas and gas condensate extracted from Achimov and Jurassic deposits on the Yamal Peninsula.
Lukoil completes upgrades to lubricants complex in Tver
Russia’s Lukoil has completed the modernisation of its lubricant production complex in Torzhok, in the Tver region, and officially inaugurated the facility on November 28.
Russia, Kazakhstan consider prospect of sale of Germany's Schwedt refinery
Russia and Kazakhstan are considering the possibility of Rosneft selling its stake in the PCK Raffinerie in Schwedt, eastern Germany, Russian President Vladimir Putin said on November 28 during a state visit to Kazakhstan.
Kazakhstan raises oil transport tariff
Investigation led by International Consortium of Investigative Journalists reveals how Western oil companies benefited Nazarbayev son-in-law
Putin’s talks with Kazakh officials during Astana visit focus on energy ties and trade
Russia plans to temporarily lift gasoline export ban
The Russian government is expected to approve a resolution in the coming days allowing oil refineries to export gasoline for two months, from December 1 until January 31 next year.
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