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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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Hungary’s energy ties to Russia set limits on post-Orbán pivot
Hungary’s incoming prime minister Peter Magyar may ease tensions with Brussels, but he says he won’t end imports of Russian oil and gas for now.
CPC boosts Kazakh oil exports in March as Tengiz output recovers
The Caspian Pipeline Consortium (CPC) reportedly increased crude oil exports by 48% in March, supported by the recovery of production at Kazakhstan’s Tengiz oilfield.
Russia's Bashkortostan region drops plan to sell Bashneft stake
Authorities in Russia’s Bashkortostan region have decided not to proceed with the planned privatisation of part of their stake in Bashneft.
New Hungary PM said Russian oil imports will continue
Péter Magyar, Hungary’s expected next prime minister, said the country will continue purchasing Russian oil for the foreseeable future.
Russian LPG prices jump 15% on Middle East conflict
Wholesale prices for LPG in Russia jumped by more than 15% in a week, tracking a broader rally in global markets driven by supply disruptions caused by the escalating situation in the Middle East.
EU imports of Russian LNG hit new record in March ahead of phase-out plan
EU imports of Russian LNG hit a record in March as Middle East disruptions tighten global supply ahead of a legally mandated phase-out.
Profits at Gazprom Neft halve in 2025 on lower oil prices, stronger ruble
Net profit at Russian oil producer Gazprom Neft fell by half in 2025 to RUB245.8bn ($2.7bn) on weaker oil prices and a stronger ruble.
Shell prepares to explore west Kazakh oil and gas block
Shell is preparing to carry out geological exploration at the Zhanaturmys subsoil block in Kazakhstan’s Aktobe region.
Quality matters: how the Hormuz crisis tests refinery flexibility
The disruption highlights a key reality often overlooked in the oil market: while volumes may be globally fungible, crude quality is not.
Allied Biofuels to build Central Asia’s first integrated biofuel refinery in Uzbekistan
Uzbekistan can look forward to hosting Central Asia’s first integrated biofuel refinery.
US to extend Russia oil sanctions waiver
The Trump administration is expected to extend a waiver permitting limited purchases of sanctioned Russian oil and petroleum products, as Washington seeks to contain surging global energy prices.
Kazakhstan targets 2.5mn tonnes of oil exports to Germany in 2026
Kazakhstan plans to increase oil exports to Germany to 2.5mn tonnes in 2026 as part of efforts to deepen energy cooperation with Europe.
EU paid €2.88bn for Russian Arctic LNG in first quarter
The EU paid an estimated €2.88bn ($3.33bn) to Russia for liquefied natural gas from the Yamal Arctic LNG project, majority owned by Novatek (NVTK.MM), in the first quarter of 2026.
Russia pitches discounted LNG to South Asian buyers
Russia reportedly pitches discounted LNG shipments to South Asian buyers amid the global energy supply squeeze
Russian warships escorts “shadow fleet” tankers through English Channel
In defiance of the UK government, Russia reportedly escorts its “shadow fleet” tankers with warships through the English Channel
Kazakhstan to in April raise oil volume piped by BTC to Turkish Mediterranean, says report
Kazakhstan reportedly has plans to raise the amount of crude oil it pipes to the Turkish Mediterranean export hub of Ceyhan by 16% m/m in April.
Oil traders in Kyrgyzstan fear six-week countdown to sharp hike in fuel prices
Oil traders in Kyrgyzstan have around six weeks of paid-for fuel reserves pegged to current forecourt prices left, but fear sharp price hikes will soon necessarily hit the motorist.
Oil price spike: How does the Kremlin tax its oil industry?
Oil prices have spiked and that should produce a huge windfall for the Kremlin which has been desperately short of cash to fund its war machine in Ukraine since the start of this year.
Did America just hand the Gulf to Russia?
The Iran war has turned Russia from a sanctioned energy pariah into an indispensable supplier for half the planet. With Urals crude at 13-year highs and sanctioned LNG going at 40% discounts, Moscow may be the war's real winner.
Russia to dispatch second oil tanker to Cuba
Russia plans to send a second oil tanker to Cuba following the delivery of hundreds of metric tonnes at Matanzas port earlier this week, Russian Energy Minister Sergei Tsivilev stated.
US allowing Russian oil cargo to Cuba is ‘humanitarian’, not policy shift
A Russian oil tanker has reached Cuba with a cargo of crude, marking the first significant delivery to the island in months and highlighting a limited but notable shift in US enforcement of its sanctions.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
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