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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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Iran, Armenia extend gas-for-electricity deal until 2030
Russia excludes hydrocarbon sector from new windfall tax
Russian gas company revenues set to more than halve in 2023
Russian natural gas companies could see their revenues plummet by over half in 2023 compared with the previous year, according to findings released on August 7 by Russian consulting firm Yakov and Partners.
EU gas tanks close to full, traders switch to Ukraine storage
European gas storage tanks were 87.7% full as of August 6, well ahead of the schedule that demands they reach 90% by November 1, according to GIE, leading traders to switch to storing more gas in Ukraine’s underused tanks.
Kazakhstan returns rights to hundreds of natural resources sites to state
Kazakhstan has returned rights to hundreds of gold, coal, iron, oil and copper deposits to the state and put them up for auction, after citing violations of licence and contract terms by subsoil users.
Gazprom subsidiary sues UniCredit over delayed Ust-Luga LNG project
RusKhimAlyans, a 50:50 JV between state-owned Gazprom and a private firm called RusGazDobycha, has filed a RUB45.7bn ($472mn) lawsuit against Italy’s UniCredit over its failure to fulfil obligations as guarantor of the Ust-Luga LNG project.
Russia lifts ban on Novorossiysk oil tanker exports
Black Sea war zone threatens to knock out Kazakh oil
Tankers imperilled as, following drone attacks on shipping, aide to Ukraine’s president says everything the Russians are moving back and forth on the sea is now a “valid military target".
India imports cheapest Russian oil since start of Ukraine war
Ministry data revealed that the average cost of a barrel of Russian crude that arrived at Indian ports in June was $68.17, above the oil price caps imposed on December 5. However, the cap does not include shipping costs.
Poland resumes oil flow via Druzhba after fixing leak
Poland has resumed oil flow via the Druzhba system, pipeline operator PERN said on its website on August 8, following repair work to a damaged section of the pipeline.
Kazakhstan reaffirms oil output cut until end-2024
Austria prepares for alternative gas routes as Ukraine will not renew contract with Gazprom
Ukraine has warned Austria that it will not renew its contract with Russia’s Gazprom next year once the agreement has expired, Ukranews reported on August 4, citing Deutsche Welle expert Andriy Gurkov.
European companies suffer €100bn hit from Russia operations, says FT
European companies that exited the Russian market following the invasion of Ukraine have collectively suffered losses surpassing €100bn, according to an analysis by the Financial Times
ADNOC to acquire stake in Azerbaijan’s Absheron gas field
The Abu Dhabi National Oil Co. (ADNOC) this week agreed a deal to buy into its first international upstream project, through the acquisition of a 30% stake in Azerbaijan’s offshore Absheron gas field.
Naftogaz to improve gas production by 8% in 2023 following last year's disastrous results
Naftogaz, Ukraine’s national oil and gas company, will increase gas production this year by 8% compared to 2022, Ukraine Business News reported on August 4.
Russian crude exports to India may have peaked, say analysts
Independent energy research and intel firm Rystad Energy has indicated that India may be approaching the upper limit of its imports of Russian oil.
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