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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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Tajikistan seeks 2.5mn tonnes of oil from Iran amid Russian fuel shortage
Tajikistan has reportedly requested that Iran supply it with 2.5mn tonnes of oil and petroleum products, as a fuel crisis in Russia disrupts supplies from its traditional supplier.
Azerbaijan's crude oil exports to Switzerland, Greece jump, Germany slumps in H1 2026
Russian regional oil major Tatneft to pay 1H26 dividend
The board of Russia’s regional oil producer Tatneft (TATN) of the Tatarstan Republic recommended a 1H26 dividend of RUB32.88 ($0.40) per share, according to the company.
China’s United Energy Group explores liquefied gas project in Uzbekistan’s Surkhandarya
Russian Urals crude sells at a premium in India for the first time since May
Russian Urals crude is being offered to Indian refiners at a premium to Brent for the first time since May, reversing the discount that sanctions were designed to enforce.
Kyrgyzstan subsidises fuel traders amid price spike
Kyrgyzstan has paid around KGS1bn ($11.4mn) in subsidies to fuel traders as the government seeks to prevent a sharp rise in petrol, diesel and autogas prices.
Gas losses at Azerbaijan's Azerigas rose 7.3% in H1 2026, leaked documents show steeper decline
Tajikistan seeks 2.55mn tonnes of fuel from Iran
Tajikistan has asked Iran to supply 2.55mn tonnes of crude oil and petroleum products as it seeks to diversify its fuel sources amid reduced supplies from Russia, its Ministry of Transport said in a press release.
Russia loses 15% of planned August oil exports as Novorossiysk stalls
Russia shipped 15% less crude from its western ports in the first half of August than it had planned, as drone-damaged Novorossiysk fell weeks behind on loadings.
Russian motor oil prices jump 40% as refinery outages bite
Some motor oils in Russia now cost 40% more than they did three months ago, as a shortage of imported additives and refinery outages squeeze the lubricants market.
Italy dominates Azerbaijan's crude oil exports
Russia's second round of a fuel crisis widens as Belarusian refinery shuts down for maintenance
Petrol or diesel was on sale at little more than a quarter of Russia's filling stations in mid-August, the worst reading yet of a shortage now in its second wave.
Russia rerouting Kazakh oil exports from Baltic to Black Sea, says report
Russia is said to be rerouting Kazakhstan’s crude oil exports from the Baltic port of Ust-Luga to Novorossiysk on the Black Sea, freeing capacity at the Baltic terminal for additional Russian shipments.
CPC oil shipments fall 7.4% y/y in 1H26
Caspian Pipeline Consortium (CPC) shipments reportedly fell 7.4% y/y to 33.3mn tonnes in 1H26, down from 36mn tonnes a year earlier, as disruptions at its Black Sea terminal reduced export capacity.
Russia’s second domestic ice-class LNG carrier departs on Northern Sea Route
Russia’s second domestically-built Arc-7 ice class tanker has begun transiting the Northern Sea Route.
Greece's Dynagas carried a third of Russia's Yamal LNG as Athens won its sanctions exemption
Tankers linked to Greek shipowner Dynagas carried more than a third of Russia's Yamal LNG this year, the same company at the heart of Greece's fight over EU sanctions.
Uzbekneftegaz former chairman denies role in alleged $656mn losses
Former Uzbekneftegaz chairman Bakhodirjon Sidikov has reportedly denied all 19 charges against him in a criminal trial involving the state-owned oil and gas company.
Uzbekistan invites China’s Sinopec to propose technology for 6,000-metre Ustyurt wells
Uzbekistan plans to drill oil and gas wells up to 6,000 metres deep in the western region of Ustyurt and has invited China’s Sinopec to propose technologies and commercial solutions for high-pressure, high-temperature projects.
Nostrum Oil & Gas agrees $304mn sale of Kazakhstan operations
Nostrum Oil & Gas has agreed to sell its Kazakhstan operations for $304mn as the oil and gas producer prepares for an orderly wind-down following the maturity of its debt.
Turkey slashes Russian oil imports amid drone disruptions to Black Sea shipments
Turkey cut crude imports from Russian ports in July as Ukrainian drone attacks disrupted Black Sea exports, with shipments expected to decline further this month.
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