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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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AIM-quoted Mongolian oil company Petro Matad receives “first oil revenues in its history”
Presenting its 1H25 financials, AIM-quoted Mongolian oil company Petro Matad said on September 29 that it had received “the first oil revenues in its history”.
Drivers in Kyrgyzstan complain price of full tank of gasoline has doubled amid drone strikes on Russian refineries
Some drivers in Kyrgyzstan have complained that the price of a full tank of gasoline has doubled in recent weeks amid fuel shortages widely thought to be linked to lower exports from Russian refineries put out of action by Ukrainian drones.
Russia extends gasoline export ban
Bulgaria to end Russian gas flows to Hungary, Slovakia by 2027
Bulgaria, the European Union’s last entry point for Russian pipeline gas, plans to end Russian gas flows to Hungary and Slovakia by 2027.
ExxonMobil, Rosneft reportedly strike deal on Sakhalin claims
ExxonMobil and Russia’s Rosneft have signed a preliminary agreement that could pave the way for the US oil major to recover $4.6bn in losses incurred when it exited the Russian market in 2022.
How Azerbaijan's oil prince went from dining with Messi to facing decades in prison
Adnan Ahmadzada is accused of contaminating 200,000 tonnes of his country's oil exports with corrosive chemicals and facilitating billions in Russian sanctions evasion.
Kazakhstan oil output climbs in August on major field gains
Kazakhstan’s oil and condensate production rose to 8.885mn tonnes in August, up from 8.631mn tonnes the previous month, Reuters reported on September 26, citing official data.
Russia says Ukrainian drone strikes on CPC infrastructure against US interests
Russia’s Foreign Ministry said on September 26 that recent Ukrainian drone strikes on Caspian Pipeline Consortium (CPC) facilities undermine the interests of the United States, Kazakhstan, Russia and global energy security, Reuters has reported.
Ukraine considers banning oil products imported through Romania's Constanța port
The main wholesale operators of petroleum products in Ukraine expect the Constanta port in Romania to fall under sanctions due to suspected Russian-origin products in blended imports arriving from India.
BP forecasts global LNG exports to increase through 2035
Supermajor BP expects LNG demand to climb to 900bn cubic metres by 2035, the British energy company predicted in its Energy Outlook.
Serbia secures extra Azerbaijani gas for winter
Serbia has agreed with Azerbaijan to secure additional gas supplies for the coming winter and completed talks on the construction of a joint natural gas power plant near the southern city of Niš.
Russia’s Arctic LNG 2 plant appears to load first cargo at second train
Satellite images reveal a tanker docked at the sanctioned plant’s second production unit which began producing LNG in May.
Naftogaz prepares 10 projects under US-Ukraine resource deal, seeks foreign investors
Ukraine’s state-owned energy company Naftogaz has drawn up 10 projects to boost hydrocarbon production and energy efficiency under a resource agreement between Kyiv and Washington.
Kazakhstan maintains ban on fuel exports
Kazakhstan’s Ministry of Energy has confirmed that the 6-month suspension of fuel exports remains fully in force, with no gasoline currently being supplied to Uzbekistan or other neighbouring states, The Times of Central Asia reported on September.
Kazakhstan says oil flows unaffected after drone strike on CPC terminal
Kazakhstan has confirmed that shipments of oil through the Caspian Pipeline Consortium (CPC) infrastructure continue without disruption despite a drone strike on the consortium’s terminal in Novorossiysk on the Russian Black Sea coast.
Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas
Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.
Russia’s fuel crisis deepening as relentless Ukrainian drone strikes and export curbs squeeze supply
Russia’s domestic fuel crisis is escalating and shortages have intensified with the south of the country among the hardest hit, as a result of relentless Ukrainian drone strikes on refineries, Kommersant reported on September 24.
Ukrainian drone strike hits Russian port city Novorossiysk, damaging CPC facilities
A Ukrainian drone strike on September 24 was conducted on the Russian Black Sea port city of Novorossiysk, from where most of Kazakhstan's oil is exported. The attack killed at least two people and injured seven, including children, RFE/RL reported.
Bulgaria to align with EU plan to end Russian gas deals by 2026
Bulgaria plans to terminate contracts for the transit of Russian natural gas in 2026 and join the EU’s plan to phase out Russian energy supplies.
Austria's OMV fires senior exec for Russian espionage
Austrian energy and chemicals group OMV has fired a long-serving executive over suspicions of espionage for Russia, and Vienna has summoned a Russian diplomat in connection with the case.
Ukrnafta secures €400 mln for gas power projects as DTEK expands storage in Poland
Ukrnafta has secured around €400mn in financing to build more than 400 megawatts (MW) of new power generation capacity, its top executive said, as Ukraine races to reinforce its energy system after heavy damage from Russian attacks.
US-based LanzaJet and KMG sign agreement on Kazakhstan’s first sustainable aviation fuel project
LanzaJet, the US-based sustainable fuels technology company, has signed an agreement with Kazakhstan’s state oil and gas company KazMunayGas (KMG) to advance the country’s first sustainable aviation fuel (SAF) plant.
SOCAR acquires Italiana Petroli
Within the same forum, the State Oil Company of Azerbaijan (SOCAR) signed an agreement to acquire 99.82% of Italian energy company Italiana Petroli (IP) from API Holding.
Uzbekistan advances major US deals across finance, mining and technology
Japan’s MHI, Turkey’s Gap Insaat set to build major urea plant in Turkmenistan
Turkmenistan is reportedly to sign a contract for the design and construction of a 1.155mn tonne/year urea (carbamide) plant, with the facility to be delivered by Japan’s Mitsubishi Heavy Industries (MHI) and Turkey’s Gap Insaat.
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