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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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Russia's ESPO oil transport costs to China triple in wake of Biden sanctions
The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.
Gazprom subsidiaries patent hydrate inhibitor tech for gas production
Russian state gas giant Gazprom’s subsidiaries, Gazprom Dobycha Shelf Yuzhno-Sakhalinsk and Gazprom VNIIGAZ, have developed and patented a new composition of a hydrate inhibitor.
Novatek boosts gas output by 2% in 2024
Russia’s biggest LNG exporter Novatek increased its natural gas production by 2.1% last year compared with 2023, with output reaching 84.08 bcm.
Russia seeks to involve Moldova in gas supply scheme for Transnistria
Moscow is ready to provide assistance to Tiraspol, but Chisinau must ensure gas supply and contracting, the press secretary of the Russian president Dmitry Peskov stated. Russia's role in the scheme proposed remains unclear.
Iran and Russia agree on broad framework for collaboration
Iran and Russia recently signed a comprehensive strategic joint agreement, comprising 47 articles.
Moldovagaz’s head says $709mn debt to Gazprom close to being settled
Gazprom cited a $709mn outstanding debt when it cut gas supplies to Moldova on January 1, but Chisinau says the debt is only $8.7mn.
Russia reports successful strikes against critical Ukrainian gas and energy infrastructure
Russia’s armed forces conducted a co-ordinated strike on critical gas and energy infrastructure in Ukraine using high-precision weapons and drones.
Iran, Russia set to conclude energy deal
Iran is on the verge of concluding an energy deal with Russia, following months of negotiations, Iran's Oil Minister Mohsen Paknejad said after the two nations signed a partnership treaty to boost economic cooperation.
Ukraine’s natural gas production rises in 2024, but challenges loom
Ukraine's natural gas production increased by 2.3% in 2024, totalling 19.12bn cubic metres.
Gas sales of Russian Novatek down 1% in 2024
Sales of Russian natural gas and LNG major Novatek inch up in 2024 despite sacntions.
Azerbaijan’s oil refining and exports fall, gas output and exports rise in 2024
Azerbaijan’s oil refining fell by 10.8% y/y to 5.8mn tonnes in 2024, down from 6.5mn tonnes in 2023, according to Energy Ministry data.
Kazakhstan expects return to full capacity production at Tengiz on January 18 following end of repairs
Russia reportedly to resume natural gas supplies to Moldova’s separatist Transnistria region
Russia will soon resume gas supplies to the pro-Russian separatist region Transnistrian region, the leader of the region, Vadim Krasnoselski, announced during a press conference after his visit to Moscow.
EU mulls bans on Russian aluminium, LNG for 16th sanction package
EU is reportedly considering a ban on imports of Russian primary aluminium and liquefied natural gas (LNG) in its 16th package of sanctions against Russia.
Dozens of LNG carriers to dock at Russian terminals this month
Dozens of LNG tankers are set to load at Russian terminals this month, with shipments destined for Europe and Asia, despite Western sanctions targeting Moscow’s energy sector.
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
Russia earns more in oil revenues in 2024, despite drop in shipments
Russia’s oil exports fell 2.7% in 2024 as a result of increased Western sanctions and a decline in crude shipments, but higher oil prices drove the country’s revenue up by $3.8bn to $246.2bn.
Serbia's NIS says operations largely unaffected by US sanctions
Serbian oil company Naftna Industrija Srbije (NIS) has assured stakeholders that its operations remain largely unaffected following US sanctions announced on January 10.
Russian Gazprom said to be planning mass layoffs
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
The pro-Russian separatist region is suffering from acute energy shortages since Gazprom cut supplies to Moldova on January 1.
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