FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Ukrgasvydobuvannya discovers new gas field with 1 bcm in reserves

1 September 2023

Ukrgasvydobuvannya, a subsidiary of Naftogaz, discovered a new gas field with reserves of 1bn cubic metres of fuel, the company announced on August 30.

Bulgaria to probe secret deals with blacklisted Russians on TurkStream construction

31 August 2023

Prosecutors are probing allegations that Bulgarians officials secretly met sanctioned Russians to speed up construction of the local stretch of the TurkStream pipeline.

China eyes cheaper Iranian crude as Russian discounts dry up

31 August 2023

With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.

ExxonMobil says world will fail to meet Paris goal in 2050

30 August 2023

Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.

Russian petrochemical major Sibur posts $367mn profit in 1H23

30 August 2023

The net IFRS profit of Russian petrochemical major Sibur in 1H23 amounted to RUB35.4bn ($367mn), Tass reported citing the company. Sibur's revenue in 1H23 reached RUB490bn ($5bn).

Orlen's sales to Ukrainian customers surge by 61.9% in H1 2023

30 August 2023

Polish energy giant Orlen made substantial gains in its sales to Ukrainian customers during the first half of 2023, increasing by 61.9% compared to the same period last year, Ukraine Business News reported on August 30.

Turkmenistan: Union busting

29 August 2023

Unfair soccer league, and potential and real gas deals aplenty, with Hungary, Iraq and Uzbekistan.

EU again voices concern over buying refined Russian oil from India, without solutions

29 August 2023

The EU once more this weekend vented frustration at the “rapid” increase in Indian refined oil product exports to Europe that have been produced using Russian crude, without suggesting a proposal for curbing this trade.

Russia's Sibur breaks ground on new $2.1bn polypropylene plant

29 August 2023

Russia’s largest petrochemicals producer Sibur has broken ground on a new polypropylene unit in Tobolsk in the Urals region, the company reported on August 25.

“All signs point to Ukraine,” German investigation into Nord Stream 1&2 pipelines bombing finds

29 August 2023

A year has passed since a series of underwater explosions destroyed the Nord Stream 1&2 pipelines ending Russia’s delivery of gas to Germany. An official investigation has concluded that “all signs point to Ukraine,” Der Spiegel reports.

Net profit at Gazprom Neft tumbles over 40% in Q2

28 August 2023

Net profit at Gazprom Neft, the oil arm of Russia’s state-owned Gazprom, tumbled 40% year on year in the second quarter on the back of weaker prices, the company reported on August 24.

BRICS MATERIALS: the flourishing intra-BRICS oil trade

28 August 2023

The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.

Naftogaz announces extension of PSO regime and gas price strategy ahead of challenging winter season

28 August 2023

Ukraine’s national oil and gas giant, Naftogaz, will extend the public service obligation regime and will not increase heat tariffs for households, the company stated on August 22.

Russia stems gas output decline in July

27 August 2023

The year-on-year decline in Russian natural gas production in 2023 continued to slow in July, state statistics cited by the Moscow-based Vedomosti newspaper on August 24 showed, in part reflecting a recovery in exports to the European market.

Bolivia in preliminary talks with Russia's Gazprom on investments

27 August 2023

Bolivia is in preliminary talks with Russia’s state gas producer Gazprom on investments, the South American country’s president Luis Arce said on August 25, according to the Moscow-based PRIME news agency.

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