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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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BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Kazakhstan reportedly intends no cuts to oil output in May despite OPEC+ tensions
Kazakhstan’s Ministry of Energy has confirmed that the country has no intention to reduce its crude oil and condensate production in May, maintaining output at levels consistent with April and exceeding those recorded in March.
China’s CNOOC to enter Kazakhstan’s upstream Zhylyoy project
Chinese offshore oil & gas company CNOOC has entered Kazakhstan’s upstream energy sector for the first time by signing a cooperation agreement with national oil company KazMunayGaz for the joint development of the Zhylyoy project in Atyrau Region.
Every $1 drop in oil price could cost Azerbaijan $300mn in exports, $150mn in budget revenue, ING says
Fluctuations in global oil prices remain a critical vulnerability for Azerbaijan’s economy.
Abrupt cancellation of Central Asia-Gulf states summit sparks questions over Kazakh, Saudi oil tensions
Speculation over tensions between Saudi Arabia and Kazakhstan has been sparked by the abrupt and indefinite postponement of a summit between Central Asian and Gulf states that was scheduled to take place this week in Samarkand, Uzbekistan.
Turkmen leader touts trade and investment during French trip
Offering confirmation that Ashgabat is ready to do business with Western firms.
Serbia’s Vucic to discuss new gas deal with Putin in Moscow
Aleksandar Vucic visited Moscow for the May 9 Victory Day parade shortly before Serbia’s gas supply agreement with Russian energy giant Gazprom is due to expire.
Iran pips Saudi Arabia and Russia as having world's cheapest gasoline
READ MORE: Iran's petrol now world's cheapest at just $0.018/litre, undercutting Saudi Arabia's $0.62 rate amid growing pressure for subsidy reforms.
Hungary and Slovakia vow to resist EU plan to phase out Russian gas
Hungary and Slovakia will coordinate opposition to the European Commission’s plan to phase out Russian natural gas and nuclear fuel by 2027, warning that the proposal poses serious risks to their national energy security and economic stability.
HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Kazakhstan’s KMG says oil price volatility can be navigated, OPEC+ moves threaten country with possible recession
Kazakhstan’s national oil company KazMunayGas (KMG) has told reporters that it is fully prepared to navigate recent oil price volatility.
Kazakhstan introduces petrochemical investment roadmap, focusing on six projects worth $15bn
Kazakhstan, intent on driving for more high-value-added production based on its plentiful oil and gas reserves, is pursuing petrochemicals as a strategic national priority and has introduced a roadmap for 2024–2030.
Moldova signs three-year deal with OMV Petrom on Neptun Deep gas
Moldovan state-owned energy trader Energocom has signed a three-year contract with Romania’s OMV Petrom to purchase natural gas from the Neptun Deep offshore field in the Black Sea, announced Energy Minister Dorin Jungietu.
Azerbaijan earned $2.22bn from oil and gas pipelines in 2024
In 2024, Azerbaijan generated AZN3.77bn ($2.22bn) in revenue from cargo transport via its main oil and gas pipelines, according to the State Statistics Committee.
Looking at ramifications of China’s shifting energy usage patterns on Central Asia
Renewables are up, fossil fuels down.
Turkmenistan’s de facto leader in rare visit to Elysee Palace, France examining any gas supply potential
French President Emmanuel Macron on May 5 hosted de facto leader of Turkmenistan Gurbanguly Berdimuhamedov for talks.
Uzbekistan suffers fourth blowout at M-25 gas field
Uzbekistan has reported a fourth blowout at the M-25 gas and condensate field, with the latest incident occurring on May 5 at well No. 202. It had been idle since a March 27 blowout.
Uzbekneftegaz eurobond issue raises $850mn
Ukraine April gas storage injections down 44% on 2024 after delayed start to injection season
Ukraine injected 258mn cubic metres of natural gas into its underground storage facilities in April, according to calculations by energy consultancy ExPro.
Diesel deals push Brazil closer to Russia
Brazil’s strategic partnership with Russia has strengthened significantly since the start of Moscow’s full-scale invasion of Ukraine primarily due to Russia's cheap fuel supply, Ukrainian Ambassador to Brazil Andrii Melnyk told RBC-Ukraine.
Uzbekistan breaks energy monopolies in move toward WTO membership
Uzbekistan has dismantled the decades-long natural gas transmission monopoly held by Uztransgaz as part of reforms designed to help liberalise the country’s economy and meet conditions for World Trade Organization (WTO) membership.
China's CHN Energy pledges $4bn investment in Kazakhstan's ammonia and carbamide production
Chinese state-owned enterprise CHN Energy has expressed its readiness to invest $4bn in ammonia and carbamide production projects in Kazakhstan.
Hungarian Commissioner delays EU plan to curb Russian energy dependence
Hungary's EU Commissioner Oliver Várhelyi raised a last-minute objection to delay the approval of the EU's roadmap for ending the bloc's Russian energy reliance.
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