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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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Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
Turkmenistan applies 300-litre limit on diesel in tanks of vehicles leaving country
The amount of diesel in the tank of a vehicle leaving Turkmenistan must not exceed 300 litres under new rules governing fuel exports.
Kazakhstan raises oil output by 2% in March
Total production rose to 1.87mn bpd in March from 1.83mn bpd in February.
World Bank delays approval of $15mn Azerigas methane leak project to May 21
The World Bank has postponed the board approval date for a $15mn investment financing project targeting gas leak detection and repair in SOCAR subsidiary Azerigas's distribution network
Jade Gas completes equity raise for development of Mongolia’s first commercial gas production
Jade Gas Holdings (ASX:JGH), a company developing Mongolia’s first commercial gas production operation, has announced the completion of a A$1.8mn ($1.2mn) equity raise to existing investors.
KMG, Lukoil review options to develop Kazakh offshore field amid sanctions
Kazakhstan’s state energy company KazMunayGas and Russia’s Lukoil are exploring financing options for the development of the Kalamkas-More and Khazar offshore fields in the Caspian Sea.
Libya fails to rescue damaged Russian shadow LNG tanker
The Russian shadow fleet LNG tanker Arctic Metagaz was left drifting uncontrolled in the central Mediterranean after a failed towing attempt early on April 2
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Explosives found near Serbia gas pipeline ahead of Hungary vote
Powerful explosives were discovered near a key gas pipeline in northern Serbia that supplies Russian gas to Hungary, raising concerns about energy security a week before Hungary’s parliamentary election.
Ust-Luga oil terminal appears intact after Ukrainian drone strikes - Bloomberg
The crude oil terminal at Russia’s Baltic port of Ust-Luga appears to have avoided visible damage following a week of Ukrainian drone attacks, even as nearby energy infrastructure shows signs of impact,
Sweden detains Russian shadow fleet tanker after oil leak in Baltic Sea
Swedish authorities have boarded and detained the tanker Flora 1 in the Baltic Sea near Ystad after the vessel leaked what officials described as a significant amount of oil, TASS reports.
Rising oil prices drive Kazakh tenge appreciation in March
Central bank governor Timur Suleimenov has said that Kazakhstan’s national currency strengthened in March given higher global oil prices and increased export revenues.
BP returns to Kazakhstan with exploration partnership
BP has re-entered Kazakhstan’s upstream sector through an exploration partnership with state oil and gas company KazMunayGaz, marking a renewed focus on conventional hydrocarbons.
Kazakhstan signs EPC contract for butadiene plant with Sinopec unit
Kazakhstan’s Butadiene LLP and China’s Sinopec Guangzhou Engineering have signed an engineering, procurement and construction (EPC) contract for a major petrochemical project in the Central Asian country.
Profit of Russian regional oil major Bashneft down 53% in 2025
Russian regional oil major Bashneft, subsidiary of state-controlled oil giant Rosneft, had net profit decline 53% in 2025
Profit of sanctioned Russian oil major Rosneft drops four-fold in 2025
Russia’s largest crude oil producer state-controlled Rosneft had its net profit drop four-fold in 2025 after coming under US sanctions
Authorities arrest brother of Kyrgyzstan’s fired security chief Tashiyev over oil product corruption allegations
Authorities in Kyrgyzstan have arrested the brother of dismissed national security chief Kamchybek Tashiyev, the interior ministry said on April 1.
US extends sanctions waiver for Russian oil transit via Kazakhstan to 2027
The US has reportedly extended a sanctions exemption allowing the transit of Russian oil to China through Kazakhstan until March 19, 2027.
Azerbaijan and Turkmenistan discuss energy, transport and logistics cooperation in Baku
Azerbaijan and Turkmenistan have held a series of high-level meetings in Baku focused on deepening bilateral economic and transport cooperation
Russian gas supplies to Europe via TurkStream grow amid Hormuz crisis
The daily average Russian gas supply to Europe via the TurkStream pipeline expanded by 22% y/y in March to 55mn cubic metres (mcm), calculations have shown.
Ust-Luga and Primorsk to their lowest levels since pre-war time
Russia has lost over $1bn in oil export revenues Ukraine’s week-long attacks on its two most important Baltic Sea ports of Ust-Luga and Primorsk. Weekly shipments through both ports have fallen by two-thirds.
Gazprom Export sues former German trading subsidiary SEFE in Russian court
Gazprom Export filed a lawsuit in St Petersburg against its former German trading subsidiary SEFE, the latest in a series of Russian court actions against European energy firms since Western sanctions severed gas ties.
ING sees Azerbaijan as safe haven amid Middle East risks
Every $10 increase in oil prices adds approximately $3bn to Azerbaijan's annual export revenues, equivalent to 4% of GDP, ING analysts point out.
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