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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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EU LNG imports set for record high in November as US supply surges
Liquefied natural gas (LNG) imports into the European Union are on track to hit an all-time monthly high in November, driven by a sharp rise in shipments from the United States.
COMMENT: Ukraine slowly wearing down Russia's oil industry
Russia’s oil industry, long seen as the bedrock of the country’s economic strength, is being slowly degraded—not by sanctions or falling demand, but by the persistent and methodical pressure of Ukraine’s drone attacks.
Naftogaz to receive €127mn EIB grant to boost gas imports as attacks strain Ukraine’s energy system
Ukraine’s state-owned Naftogaz Group will receive a €127mn grant from the European Investment Bank (EIB) to finance additional gas imports.
Lukoil seeks US sanction extension, as Carlyle and Rosneft said to eye assets
Russia’s Lukoil is seeking an extension to the US sanctions deadline as the asset sale stalls, according to a report citing unnamed sources.
Chinese consortium wins $424mn pipeline contract in Kazakhstan
A consortium led by a subsidiary of China Petroleum Engineering Corporation (CPEC), the construction division of China National Petroleum Corporation (CNPC), has secured an engineering, procurement and construction (EPC) contract.
Azerbaijan boosts gas output from ACG, Shah Deniz and Absheron as exports to Turkey rise
Azerbaijan increased natural gas production to 38.2 bcm in January–September 2025 and raised pipeline exports to Turkey to about 7.84 bcm in January–August, according to new data from the Energy Ministry of Azerbaijan.
China said to develop shadow fleet for Russian LNG
German SEFE to terminate Russian LNG deal by 2027
Chinese and Indian refiners tiptoe around Russian oil
Bulgarian president vetoes law on seizure of Lukoil assets
The veto comes just ten days before new US sanctions on Lukoil take effect, which could block the operation of its Bulgarian assets.
Russia signals readiness to give up control of Serbia’s NIS amid US sanctions
Russia is prepared to relinquish control of Serbia’s oil company, NIS, to a third party to resolve US sanctions that threaten the firm’s operations and Serbia’s energy security.
How sanctions are hurting Lukoil in Europe
Sweeping Western sanctions imposed in October 2025 on Lukoil, Russia’s second-largest oil producer, have triggered a cascade of legal, operational and financial crises across multiple regions.
UK to cut off services for Russian LNG exports
The UK’s Foreign Office said the ban will be phased in during 2026 “in lockstep with our European partners,” ahead of a meeting of G7 foreign ministers in Canada.
Romania preparing law to place Lukoil refinery under state control
Romania’s Ministry of Energy is drafting legislation that would allow the state to take control of Lukoil’s Petrotel refinery in Ploiești to ensure compliance with international sanctions and protect national energy security.
Moldova plans to take over Lukoil’s kerosene supply business at Chisinau Airport
The Government of Moldova is preparing to take control of the aircraft fuel supply infrastructure owned by Lukoil-Moldova through the state-owned Chisinau International Airport, Minister of Energy Dorin Junghietu announced.
Kazakh PM, US-based LanzaJet meet over plan to construct eco-friendly jet fuel production plant
Kazakhstan’s Prime Minister Olzhas Bektenov and Jimmy Samartzis, CEO of US-based LanzaJet (NASDAQ:LNZA), Inc, held a meeting with a focus on the localisation of advanced technologies and the implementation of a joint SAF project.
Lukoil calls force-majeure in Iraq as sanctions bite
The Russian firm is set to withdraw from its largest international asset as US sanctions measures sink a potential deal with Gunvor
Ukraine secures LNG deals with Greece and Poland to guarantee winter gas supplies
Ukraine will have sufficient gas supplies this winter after state-owned energy firm Naftogaz finalised a series of strategic agreements with partners in Greece and Poland to secure deliveries of liquefied natural gas (LNG) from the United States.
Bulgaria and Romania seek to delay sanctions against Lukoil
Sanctions imposed by US authorities on Lukoil's global operations expected to cause costly disruptions at the Russian group's local refineries.
Russia grants another $0.9bn tax breaks to ailing Gazprom
Mongolia plans to extend fuel storage capacity from one month to three to six months of consumer coverage
Mongolia's fuel storage facilities can currently cover one month’s national fuel consumption, but the country reportedly intends to expand the storage coverage to three to six months.
Russian oil output sees growth in October, but federal revenues crash
Russia’s crude oil output increased modestly in October even as state revenues from the oil and gas sector continued to decline sharply.
US slams “Kremlin puppet’s” Gunvor Lukoil asset deal
The US doubled down on its latest sanctions by appearing to cancel Gunvor’s deal with Russian oil major Lukoil, labelling the trader a “Kremlin puppet.”
Sanctions on Lukoil reportedly cast doubt on $6bn Kalamkas–Khazar offshore oil project in Kazakhstan
Uncertainty is growing around the $6bn Kalamkas–Khazar offshore oil development in Kazakhstan after the United States imposed sanctions on Russia’s Lukoil, the project’s operator, Upstream reported on November 6, citing industry sources.
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