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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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Ukraine receives first US LNG shipment of 2026 via Poland, Naftogaz says
Ukraine’s state energy company Naftogaz has received its first shipment of US liquefied natural gas this year under a partnership with Polish state-owned energy group Orlen.
EU begins phased termination of Russian gas contracts
The EU has begun to phase out its remaining imports of Russian natural gas on February 3 and plans to end all gas imports by the start of 2027 when a ban on Russian gas imports is due to come into effect.
Kazakhstan's exports of crude and gas condensate fall by 29.6% m/m in January
Kazakhstan's exports of crude oil and gas condensate in January reportedly fell to 3.8mn tonnes, equivalent to about 0.91mn barrels a day (bpd), from 5.4mn tonnes (1.3mn bpd) in December.
Moldova cuts regulated end-user gas prices by 14-28%
Moldova’s energy regulator has approved significant reductions in regulated natural gas prices for all categories of consumers, cutting end-user tariffs by between nearly 14% and more than 28%, following lower procurement costs.
EU regulation banning Russian gas imports enters into force on February 3
The EU’s regulation to fully phase out natural gas imports from Russia under the REPowerEU plan will take legal effect on February 3, the European Commission..
US slashes tariffs on Indian exports after trade accord
The US agreed to slash tariffs on India from 50% to 18% after reaching a trade agreement on Indian exports and removing additional penalties added last year for importing Russian oil.
Ukraine, Poland agree to expand border gas flow capacity
Ukraine and Poland have agreed to gradually increase the capacity available for gas imports from Poland into Ukraine from early February 2026, as Kyiv seeks to bolster supplies amid a continuing fuel deficit.
Kazakhstan fully restores output at Tengiz oilfield
Kazakhstan has fully restored oil production at the giant Tengiz field, the country’s energy ministry said on January 31, after operations were suspended last month following a fire at key infrastructure.
Gazprom supplies record volume of gas to Russian consumers in Jan
Colder-than-normal weather across much of the country drove higher demand.
Russian oil firms ramp up IT spending
Russian oil and gas companies sharply increased spending on IT in 2025 as regulatory pressure and a push for technological sovereignty accelerate the shift toward domestic software and digital ecosystems.
Germany seeks extension of US sanctions waiver covering Russian-owned Berlin oil refinery
If the US Treasury declines to renew the licence, Berlin could be forced to consider nationalising the asset.
Moldova takes ownership of Lukoil fuel infrastructure at capital airport
The ministry said Moldova’s Public Property Agency and Chisinau International Airport completed an inventory of the facilities and signed handover acts with LUKOIL-Moldova.
KMG reports record gas flow from deep Kazakh exploration well
The company said further appraisal work is planned. .
Kazakhstan asks for US blessing to acquire Lukoil assets
Kazakhstan has formally asked US authorities to approve its bid to acquire Russian oil producer Lukoil’s stakes in key energy projects in the country.
Georgia's Russian oil imports surge 21-fold during 2025
Kazakhstan Petrochemical Industries halts operations after interruption of propane feedstock supplies from Tengizchevroil
Operations at Kazakhstan Petrochemical Industries (KPI) in Atyrau Region have been halted after supplies of propane feedstock from Tengizchevroil were interrupted, Kazinform reported on January 30.
Kazakh officials reportedly accepted bribes from oil majors to approve billion dollars of spending on Karachaganak
Kazakh officials allegedly accepted bribes to sign off on billions of dollars of costs claimed by major oil companies at one of the country’s largest hydrocarbon projects, the Karachaganak gas condensate field, it was reported on January 30.
Kazakhstan’s Tengiz oil field resumes output with at least five wells back in operation
Oil production at Kazakhstan’s giant Tengiz field has reportedly partially resumed, with five wells back in operation.
Unsettled by Greenland annexation threats, EU seeks to diversify way from US LNG dependency
Out of the frying pan and into the fire. Having struggled to reduce its dependency on Russian gas at enormous cost to its economy, the EU now finds itself with a new energy dependency that is potentially even more damaging than relying on Russian gas
IntelliNews Lambda: Europe’s gas storage slips below seasonal trendline amid persistent cold snap
Europe’s gas storage levels have dipped below the long-term seasonal average for the first time this winter, in a sign that the ongoing big freeze cold spell is beginning to bite into the continent’s energy security buffer.
Chevron reportedly gives assurances to help guarantee safe and reliable operation of Kazakhstan's Tengiz oilfield
Kazakhstan reportedly said on January 29 that Chevron has given assurances that it will strengthen measures to guarantee the safe and reliable operation of facilities at the Tengiz oilfield, following a series of incidents that disrupted output.
US replaces Russia as Venezuela’s sole naphtha supplier
Naphtha cargoes bound for Venezuela in January have come exclusively from the US Gulf Coast, marking a sharp break from a trade that had been dominated by Russian supply
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