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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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A tale of two majors
BP has been unable to sell its stake in Rosneft despite pledging to leave Russia in 2022, while ExxonMobil, forced out of Sakhalin-1 the same year, may now be invited back under new Kremlin rules.
Kazakhstan continues to exceed its OPEC+ oil quotas
Kazakhstan’s crude oil output, excluding gas condensate, rose to 1.88mn bpd in August from 1.84mn bpd in July.
Kazakhstan tempers Gazprom claim of “concluded deal” on Russia gas supplies to China
Russia's Rosnedra to auction off six Yakutia oil and gas sites this year
Russian subsurface agency Rosnedra plans to auction six hydrocarbon blocks in the Far Eastern region of Yakutia, where it has already carried out exploration under the first stage of a federal project.
Kazakh parliament ratifies deal with Turkmenistan with energy options
The deal is viewed as critical to the country’s state-owned oil and gas companies’ ambitions to expand in the neighbouring country’s energy sector.
Report says Wood Mackenzie advising Pakistan to delay commitment to TAPI gas pipeline intake to at least 2031
International energy consultancy Wood Mackenzie has advised Pakistan to postpone any commitment to gas intake from Turkmenistan under the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project until at least 2031, The News has reported.
Putin aide Patrushev weighs in on Nord Stream blasts
He was renewing Moscow’s consistent criticism of Western investigations into the September 2022 blasts that damaged the Nord Stream 1 and 2 gas pipelines.
Exploration fails to find commercial reserves at only hydrocarbon deposit in Russia's Khabarovsk region
Exploration has failed to confirm commercial gas reserves at the only hydrocarbon deposit in Verkhnebureinsky district of Khabarovsk region, Governor Dmitry Demeshin said on September 5.
Italy seeks fuel supply guarantees from Azerbaijan amid refinery sale
Italy has asked Azerbaijan’s government to provide guarantees of continued fuel supplies in the event of a sale of Italiana Petroli (IP)’s refinery, Reuters reported on September 5, citing unnamed sources.
Kazakhstan secures Chinese funding for ethane, propane pipelines
Kazakhstan has reached an agreement with the China Development Bank to finance the construction of trunk pipelines for transporting ethane and propane in the western Atyrau region.
Ukraine enters winter heating season with stretched gas reserves and rising financial strain
Ukraine is approaching the 2025–26 winter heating season with gas storage levels running at around 11bn cubic metres (bcm), well short of the approximately 13 bcm target needed for adequate supply.
Second Russian LNG tanker arrives in Chinese port defying sanctions
A second vessel transporting LNG from Russia’s sanctioned Arctic LNG 2 terminal has docked at a Chinese port.
Power of Siberia 2 gas pipeline deal with China to cut Russian domestic supplies
Completing the Power of Siberia 2 (POS2) gas pipeline linking China to Russia’s Yamal gas fields may reduce the amount of gas available to the domestic market, Russian Energy Minister Sergey Tsivilev said during the Eastern Economic Forum.
COMMENT: Potential sanctions on Russian oil keeps price outlook uncertain
The ongoing Ukraine war ceasefire talks and the potential for new and even more extreme sanctions on Russian oil exports is keeping the outlook for the price of oil uncertain, Oxford Economics said in a note.
Russia's Rosneft secures deal to boost oil supplies to China via Kazakhstan
Russia’s largest oil producer Rosneft has secured an additional agreement to supply 2.5mn tonnes of oil annually to China through Kazakhstan, Interfax reported on September 4, citing Russian Energy Minister Sergei Tsivilev.
China’s CNPC wins tender to develop fourth phase of giant Turkmen gas field Galkynysh
China’s CNPC has won a tender to develop the fourth phase of one of the world’s largest gas fields, Galkynysh in southeastern Turkmenistan.
Construction of Kazakhstan’s $7.7bn polyethylene plant to enter main phase in October
KazMunayGas (KMG) has announced that full-scale construction of the polymerisation unit at Kazakhstan’s future polyethylene production plant will begin in October, Hydrocarbon Processing reported on September 3.
Kazakhstan’s August oil output slips to 1.71mn bpd, Energy Ministry rejects reports of growth
Kazakhstan’s Ministry of Energy has confirmed that the country produced 1.712mn barrels per day (bpd) of crude oil in August, marking a decrease of 48,000bpd compared with July, official news agency Kazinform reported on September 3.
Russia inks Power of Siberia 2 pipeline memorandum with China and Mongolia
Russia has signed a "legally binding memorandum" on the construction of a gas pipeline to China, Power of Siberia 2, though few details on pricing and timing were given.
Serbia pushes for gas deal in Beijing meeting with Putin
Russia remains a key supplier of energy to Serbia and an ally in Belgrade’s dispute with Kosovo, despite strains in their relationship over the war in Ukraine.
Don't overstate the China-Russia gas deal
Russia, China and Mongolia have signed a memorandum on the long-discussed Power of Siberia 2 pipeline, but Beijing remains cautious about locking itself into major new supplies from Moscow.
Russian petrochem major Sibur eyes $400mn bond sale, IPO still on the cards
Russian petrochemical major Sibur opened the order book on August 28 for its new five-year US dollar-denominated bonds series 1R-08 with a fixed monthly coupon and a volume of up to $400mn, according to Cbonds.
Profits of Russian oil majors plummet in 1H25
Russian oil majors see their profits drop two- to three-fold across the board in 1H25
Kazakhstan’s Energy Ministry says no disruption to oil exports despite CPC mooring point shutdown
Kazakhstan’s Energy Ministry said oil exports through the CPC pipeline are continuing without disruption despite the temporary shutdown of one of the system’s offshore loading points on the Russian Black Sea coast following an oil spill.
TAP delivers over 50 bcm of Azerbaijani gas to Europe since launch
TAP delivered over 50 bcm of Azerbaijani gas to Europe since launch
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