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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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Kazakh hydrocarbon discovery reported at Kashagan’s Fatima formation
North Caspian Operating Company (NCOC) has identified promising hydrocarbon reserves at the Fatima suprasalt formation at Kazakhstan’s giant Kashagan oil field.
Kazakhstan to build 12 vessels to expand Caspian shipping capacity
Kazakhstan plans to build 12 new vessels by 2029 as part of efforts to strengthen its civil maritime fleet and expand its role in international shipping on the Caspian Sea.
Tajik motorists hit by 9% fuel price shock in shadow of Middle East conflict
Motorists in Tajikistan are contending with fuel prices that have risen on average by some 8-9% since early March when an Iran war-related energy price shock hit markets, according to local reports.
Czechia wants to import 2bcm of gas from Azerbaijan a year, Czech industry minister says
Czechia wants to import 2 billion cubic meters of gas from Azerbaijan a year, Czech Minister of Industry and Trade Karel Havlíček (Ano) stated during his visit to Azerbaijan.
Kazakhstan launches bioethanol-blended petrol at filling stations
Petrol stations in Kazakhstan have begun offering petrol blended with bioethanol derived from grain.
China Petroleum Engineering wins $4.6bn surface engineering contract in development of Turkmenistan’s Galkynysh gas field
China Petroleum Engineering said on April 24 that a company unit has agreed and inked a $4.6bn contract surface engineering related to the development of the fourth phase of Turkmenistan's Galkynysh, one of the largest gas fields in the world.
COMMENT: Iran was the prequel, China is the target
A growing chorus of analysts from Moscow, Beijing and Washington think tanks argues that the US campaign against Iran was really aimed at China's oil supply chain, making Tehran the prequel to a longer confrontation
Russia to supply Indonesia with 150mn barrels of oil at special price as Trump blockade continues
Indonesia has agreed with Russia on the supply of 150mn barrels of Russian oil at a special price, with the deal reached during the Indonesian president's visit to Moscow on April 13 as Jakarta builds strategic storage amid Iran war energy disruption
Military use of Caspian Sea is intolerable, says Kazakhstan’s leader
At ecological summit, Tokayev names no countries, but Russia’s lobbing of missiles at Ukraine from the sea and Ukrainian oil platform attacks come to mind.
Russia may halt Kazakh oil flows to Germany via Druzhba pipeline
Russia may stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1, it was reported on April 21, with three industry sources cited.
Incoming Hungarian PM calls on Ukraine to let Druzhba flow
Hungarian election winner Peter Magyar on April 20 urged Ukrainian President Volodymyr Zelenskiy to reopen the Druzhba pipeline as soon as it is ready, and called on Russia to resume shipments.
Putin says Russia "knows how it will end" in Ukraine but will not announce war goals publicly
Russian President Vladimir Putin has said Moscow knows how the war in Ukraine will end but will not make public statements on the outcome, telling municipal officials Russia will simply implement its goals.
Oil price divergence in a time of crisis
Georgia's domestic petroleum exports surge 3,714% in Q1 2026 after Kulevi refinery launch
Kazakhstan court upholds $5bn environmental fine against Kashagan consortium
An Astana court has reportedly upheld a KZT 2.356 trillion ($5bn) environmental fine against the consortium developing Kazakhstan’s Kashagan oil field.
IMF raises GDP outlook for Russia amid higher oil prices
The International Monetary Fund has raised its 2026 GDP growth forecast for Russia by 0.3 percentage points to 1.1%, while revising its oil price outlook higher.
Kazakhstan appoints state gas firm as sole operator of Karachaganak GPP
Authorities are seeking to fast-track a project deemed critical for the country’s energy security.
CNPC signs up to explore for gas in west Kazakhstan
China’s CNPC and Kazakhstan’s state gas company QazaqGaz have signed a contract to explore and develop the Severny-1 gas block in the Aktobe region.
Czech Republic sharply cuts Russian oil imports
The Czech Republic has sharply reduced its reliance on Russian crude, with imports from Azerbaijan emerging as the dominant supply source last year.
LNG carrier bound for India from Russia's Portovaya project
The Kunpeng LNG carrier is heading to India with a cargo of Russian LNG, in what could mark a rare delivery from a US-sanctioned project to the country.
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