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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 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.
Russia’s Gazprom continues Eurobonds replacement
$1.5bn Lukoil loan to Azerbaijan’s Socar reportedly part of deal to restart processing of Russian crude at Turkish refinery
Lukoil, Nornickel join forces for oil production in Western Siberia
Russia’s second largest oil company Lukoil and mining group Norilsk Nickel have set up a joint venture to produce oil and associated petroleum gas (APG) in the Yamalo-Nenets region.
Gazprom in talks to get floating nuclear units to power Sakhalin gas fields
Russia’s state-owned Gazprom is in talks with the country's nuclear power firm Rosatom on potentially providing floating nuclear power plants (NPPs) with capacities of up to 116 MW apiece to supply energy to fields off the coast of Sakhalin Island.
Moldova says it needs no more Russian gas
Russian government sets rules for selling ExxonMobil's Sakhalin-1 stake
Russia’s government has approved rules for valuing and selling ExxonMobil’s stake in the Sakhalin-1 oil project in the Far East, the TASS news agency reported on September 29.
Pakistan's Cnergyico imports first private-sector shipment of Russian crude amid discount opportunities
In a bid to alleviate its ongoing financial challenges, Pakistan's leading refiner, Cnergyico, has announced the successful importing of the country's inaugural private-sector consignment of Russian crude oil, DAWN reported October 2.
EU environmental policy, rather than Nagorno-Karabakh, more likely to derail plans to expand Azeri gas supply
India’s MEIL announces $648mn Mongolia refinery contract
Hyderabad-based Megha Engineering and Infrastructures Ltd announced on September 29 that it has secured a contract worth $648mn in Mongolia. The agreement pertains to the third phase of the Mongol Refinery project, as confirmed by the company.
Gazprom sees gas production drop by quarter in H1
The country’s premier gas producer lifted 179.5bn cubic metres in the six-month period, down 24.7% y/y.
Russian diesel export ban hits an already tight market
In a move to stabilise domestic fuel prices, Russia announced a snap ban on diesel and gasoline exports on September 21, amplifying the strain on an already tight global fuel market and remaking the global supply chains.
Kazakhstan pledges more oil on longer-term basis for Germany
During a visit to Berlin, Kazakh President Kassym-Jomart Tokayev said his government was prepared to assist Germany in its effort to find alternatives to Russian oil, which it stopped importing at the end of last year.
Moldovan trader signs gas deal with BOTAS
Gazprom Neft launches new eco-generation complex at the Omsk refinery
Russia continues to modernise its refineries with the support of Gazprom Neft, diversifying and stabilising the domestic market as well as increasing compliance with environmental requirements.
Plans for doubling Azerbaijan's gas flows to Europe on hold
Expansion of the Southern Gas Corridor pipelines carrying Azerbaijani gas to Europe is on hold pending confirmation that Europe will buy the gas. Baku's offensive to retake Nagorno-Karabakh could further complicate things.
Transneft and Kazakhstan sign agreement on transit of Kazakh oil through Russia in 2024.
Novatek pushes for state support for hard-to-recover gas resources
Developing hard-to-recover natural gas reserves in Russia requires a special state support programme, Vladimir Kudrin, the deputy chairman of the board of the country’s top LNG exporter, Novatek, said at a forum in Tyumen on September 20.
Russia ramps up oil well commissions this year
Russia commissioned 14% more oil wells in the January-July period of this year than the corresponding period of last year, sources with access to energy ministry statistics told the Moscow-based Vedomosti newspaper on September 19.
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