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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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Kazakhstan’s Tengiz oilfield sees slower-than-anticipated output recovery
Kazakhstan’s flagship Tengiz oilfield is seeing a slower-than-anticipated recovery in oil output, as adverse weather and repeated export terminal drone alerts constrain shipments.
Azerbaijan ships 4,500 tonnes of diesel to Armenia as demand for petrol surges
Azerbaijan dispatched 4,500 tonnes of diesel fuel to Armenia on February 25, with 39 tank wagons departing from Guzdek station towards Boyuk Kesik station, according to APA News.
UK sanctions subsidiaries of Russian Rosatom nuclear agency
Ukraine begins importing US LNG via Germany as new routes expand
Ukraine has started importing US liquefied natural gas via Germany for the first time, opening a new supply corridor as it seeks to diversify energy sources.
EU urges Ukraine to speed up Druzhba pipeline repairs
The EU has asked Ukraine to accelerate repairs to the Druzhba oil pipeline after damage from recent strikes disrupted crude supplies to Central Europe, European Commission President Ursula von der Leyen said on February 23.
US formally warned Kyiv over attacks on Russia that damage American oil majors’ interests, says ambassador
Ukraine’s envoy to Washington confirms a demarche was issued.
Moldova nearly exhausted its natural gas stocks to cover recent consumption peaks
Moldova’s state-owned energy trader Energocom has nearly exhausted the commercial natural gas stocks built up under the country’s legal storage obligation, ensuring coverage of recent peak consumption.
FT uncovers $90bn Russian oil network linked to Azeri businessmen and Rosneft
A smuggling network that has moved at least $90bn worth of Russian oil since the imposition of Western sanctions has been uncovered following what the Financial Times described as an IT error linking dozens of entities through a shared mail server.
Iran, Azerbaijan discuss co-operation on Caspian field
Iran and Azerbaijan plan to work together on the development of a hydrocarbon field in the Caspian Sea, signalling a potential thaw over the disputed reservoir.
Turkmenistan says its gas production contracted by 1.4% in 2025 to 76.5 bcm
Turkmenistan’s natural gas production eased by 1.4% y/y to 76.5bn cubic metres (bcm) in 2025, according to official data published by state-controlled newspaper Neutral Turkmenistan.
US and Russia hold reported talks on Nord Stream revival
The United States is continuing negotiations with Russia that could include the possible revival of the Nord Stream gas pipelines under US supervision, in a move that would mark a sharp shift in Washington’s long-standing opposition to the project.
IntelliNews Lambda: Germany slipping into gas crisis, EU will struggle to restock this summer
Europe’s gas market has been pushed back into a vulnerable position after a cold winter drained storage to well below seasonal norms, setting up a difficult test for summer refilling. Germany is already into crisis territory, but coping for now.
Kazakhstan notifies Washington on pre-emptive right to acquire Lukoil assets
Kazakhstan has formally notified Washington that it holds a pre-emptive right to acquire the domestic assets of Russia’s sanctioned oil group Lukoil.
Developers of Kashagan oil field launch arbitration proceedings against Kazakhstan to contest $5bn environmental fine
International oil companies developing Kazakhstan’s giant Kashagan field have reportedly launched arbitration proceedings to contest a $5bn environmental penalty over alleged breaches of sulphur storage limits at a processing facility.
Russia executes triple ship-to-ship LNG transfer in Arctic
Transfers from sanctioned Arctic LNG 2 and the unsanctioned Yamal project work to obscure the source of the LNG.
Cuban fuel crisis: a Russian tanker is on route. Will Trump let it through?
A tanker widely believed to be carrying Russian fuel is heading towards Cuba, potentially setting the stage for a fresh confrontation between Moscow and Washington as the island struggles under a de facto US fuel embargo.
EU fails to clinch deal on more Russia sanctions
The EU failed on February 23 to agree a new round of sanctions against Russia after objections from Hungary, with Greece and Malta also opposing elements of the proposed measures linked to maritime enforcement.
Kazakhstan to import 300,000 tpy of Russian jet fuel to cover shortage
Kazakhstan is importing approximately 500,000 tonnes of aviation fuel from Russia to cover a shortage on the domestic market, but plans to eliminate the deficit entirely by 2032.
France releases oil tanker suspected to be part of Russia's shadow fleet
French authorities have released the oil tanker Grinch, which was seized in January on suspicion of links to Russia’s so-called shadow fleet and the use of a false flag.
Canada's Condor strikes gas formation in Uzbekistan
Canada’s Condor Energies has discovered a previously unidentified gas-bearing formation at the Kumli gas-condensate field in Uzbekistan.
Russian drilling dips to three-year low in 2025
Russia’s development drilling fell to a three-year low in 2025, reviving questions over whether sanctions, currency strength and weaker profitability could curb oil output growth next year.
BP extends maintenance contract with Turan Drilling off Azerbaijan
BP has extended its contract with Turan Drilling & Engineering for drilling operations and technical maintenance at offshore platforms in the Azeri sector of the Caspian Sea.
US investor with Trump ties reportedly signed deal on LNG tech with Novatek last year
US investor Gentry Beach, with ties to US President Donald Trump, said he signed an agreement in autumn 2025 with Russia’s Novatek on the joint development of a natural gas project in Alaska.
Georgia's Black Sea Petroleum taps Honeywell for Kulevi oil refinery design
Georgian company Black Sea Petroleum announced last week it had agreed with US industrial group Honeywell International on the design and licensing of oil refining technologies for the country’s first large-scale refinery.
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