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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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Azerbaijan’s oil and gas investment falls 10.3% y/y as pipeline oil transport declines
Sanctioned Russian Lukoil sells 50% in Mexico’s Block 4 project
Sanctioned Russian oil major Lukoil continues divestment of foreign assets with the sale of Mexican Block 4 oil and gas project
Russia and Iran to hold intergovernmental commission meeting in Tehran in February
Russia and Iran to hold 19th intergovernmental commission meeting in Tehran from February 16-18 as Moscow reaffirms commitment to strategic partnership despite regional challenges.
Uzbekistan places fifth in 2025 piped gas supplies to China, Russia tops ranking followed by Turkmenistan
Uzbekistan supplied around $773mn in piped gas to China in 2025, ranking the country fifth among Beijing's key suppliers, according to TASS, which cited the Chinese General Administration of Customs (GAC).
Oil production at giant Kazakh field Tengiz could be suspended for another seven to 10 days, says report
Oil production at Kazakhstan's giant Tengiz oilfield could reportedly be suspended for another seven to 10 days following the shutdown announced on January 18.
Kazakhstan's Tengiz oilfield halts output and export after fires break out at facilities
Oil production and exports at Kazakhstan’s Tengiz oilfield, operated by Chevron, have been halted after fires were reported at the field’s power generation and supply facilities.
Ukraine posts record winter gas withdrawals as European gas drawdowns accelerate
Gas withdrawals from Ukraine’s underground storage facilities have hit their highest level this winter, Russian state-owned energy company Gazprom said on its official Telegram channel on January 17.
Russia's Power Machines to ship second domestically-built turbine to power plant
Russia’s Power Machines is preparing to ship a second high-capacity gas turbine for the Artemovskaya TPP-2 power plant in the Far East’s Primorsky region.
Unknown US firm eyes role in Bosnia-Croatia gas pipeline project
Representatives of little-known US firm AFFS Infrastructure and Energy have held talks in Bosnia on possible involvement in a gas pipeline project intended to diversify supply sources and reduce reliance on Russian gas.
Oil production halted at Kazakhstan's Tengiz field after fire
Kazakhstan’s Tengizchevroil has temporarily halted oil production at the Tengiz and Korolev fields after a fire broke out at its processing facility in western Kazakhstan,.
BP deploys new tech for processing drilling fluids in Caspian region
UK oil major BP has introduced a new technology for processing drilling fluids in Azerbaijan, Georgia and Turkey, cutting analysis times and improving the reuse of materials at drilling sites.
Mongolia eyes Chinese fuel imports to overcome Russian dependency
Mongolia and China have agreed to step up cooperation on increasing imports of petroleum products, as Ulaanbaatar seeks to diversify supplies that are currently overwhelmingly sourced from Russia.
Russian oil, gas revenues drop by quarter in 2025
Russia’s oil and gas revenues fell sharply in 2025, dropping by almost a quarter from the previous year as lower oil prices, wider discounts and sanctions pressure weighed on budget receipts.
Independent Russian fuel retailers lose 50-70% of customers amid price squeeze
Independent fuel retailers in Russia have lost up to 50-70% of their customers by January after being forced to sell gasoline at higher prices than large retail chains during a price squeeze late last year.
Russia's Gazprom Neft nears deal to sell stake in Serbian refiner NIS to Hungary's MOL
Russian oil producer Gazprom Neft is close to selling its stake in Serbia’s NIS to Hungary’s MOL.
Kazakhstan enjoys 15% bump in oil exports in 2025
Kazakhstan’s oil exports rose by 15% last year, driven by higher flows through the Caspian Pipeline Consortium.
Azerbaijan launches gas supplies to Germany and Austria
The company said the total number of countries purchasing Azeri gas has now risen to 16.
Kazakhstan diverts 300,000 tonnes of oil shipments away from CPC pipeline in wake of drone strike
Kazakhstan diverted 300,000 tonnes of crude away from the Caspian Pipeline Consortium in December after export infrastructure was damaged by a drone strike.
Russia’s oil and gas revenues drop 43% in December 2025
Russia's oil and gas export revenues drop by 43% in December 2025 and by 24% in 2025 overall, the lowest since pandemic
Transnistria prolongs state of emergency
The parliament of Moldova’s breakaway region of Transnistria approved on January 15 a presidential decree extending the state of economic emergency by a further 30 days, citing ongoing difficulties linked to constrained natural gas supplies.
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