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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Kazakhstan transits four times more Russian oil to Uzbekistan

19 July 2023

Uzbekistan has started significantly increasing imports of Russian oil through Kazakh pipelines after a long three-year hiatus, Kazakh oil pipeline operator KazTransOil (KTO) has said.

SLB oilfield major to stop Russian supplies

17 July 2023

Major oilfield services company SLB (formerly Schlumberger) has announced stopping product and technology supplies to Russia from all of its facilities around the world due to tougher international sanctions, according to the company.

West African waters become key destination for tankers involved in Russian oil transfers

14 July 2023

Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.

EU claims of New Delhi acting as a Russian middleman shrugged off in India

13 July 2023

EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.

Russian crude hits a 7-month high for China, output cuts beckon

13 July 2023

News that caused more than a few ripples across the Chinese language business papers last week is still sinking in in Beijing, as prices for Russian ESPO crude imports hit a 7-month high earlier in the month.

Urals price hits $60 price cap level for first time

13 July 2023

The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.

Kazakhstan restarts idle wells after blackout

12 July 2023

Kazakhstan's state-run oil and gas producer, KazMunayGaz, along with regional producers, is restarting thousands of idle wells following a blackout that affected the Mangistau and Atyrau oil provinces in the western part of the country.

Enagas names Russia as Spain’s largest LNG supplier in June 2023

12 July 2023

Russia was the largest supplier of LNG to Spain in the month of June, providing more than a quarter of the country’s total purchases, according to Enagas data.

Expansion of refinery shutdowns may prevent Russia from upholding promises to OPEC+

12 July 2023

Russia may have difficulty upholding its pledge to cut oil production in line with the goals of OPEC+ because of its decision to shutter more refining capacity than previously anticipated in July.

Rosneft takes another step away from Venezuela

12 July 2023

Russia's Rosneft has given up its control over 49.9% of stock in Citgo but still appears interested in Venezuela.

OMV head says his country will continue to source most of its gas from Russia

12 July 2023

Alfred Stern, CEO of the Austrian energy group OMV, says his company will continue to source the majority of its natural gas supplies from Russia in the winter of 2023/2024.

Moldova prepares to take over gas transport infrastructure from Gazprom

11 July 2023

Moldova’s energy market regulator ANRE has designated VestMoldTransGaz, a company controlled by Romania’s Transgaz, as the future operator of the gas transport infrastructure currently controlled by Gazprom owned Moldovagaz.

TotalEnergies, SOCAR launch first-phase production at Absheron gas field

11 July 2023

France’s TotalEnergies has launched the first phase of development at the Absheron natural gas and condensate field offshore Azerbaijan.

Azerbaijan, Hungary discuss gas supplies via Solidarity Ring

11 July 2023

Azerbaijan’s Energy Minister Parviz Shahbazov met with Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto on July 10 to discuss energy co-operation.

Kremlin insists gas hub plan still on track despite Turkish tensions

11 July 2023

The Kremlin has insisted that its plan for creating a hub for Russian gas supply in Turkey is unaffected by recent strains in ties with Ankara over the latter’s return of five Ukrainian commanders back to Kyiv.

Kazakhstan’s oil exports via Baku-Tbilisi-Ceyhan pipeline surge

11 July 2023

Kazakhstan's national company, KazTransOil, has reported that it exported 347,100 tonnes of oil from the Tengiz field through the Baku-Tbilisi-Ceyhan oil pipeline in the second quarter of this year.

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