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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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Kazakhstan court upholds $5bn environmental fine against Kashagan consortium
An Astana court has reportedly upheld a KZT 2.356 trillion ($5bn) environmental fine against the consortium developing Kazakhstan’s Kashagan oil field.
IMF raises GDP outlook for Russia amid higher oil prices
The International Monetary Fund has raised its 2026 GDP growth forecast for Russia by 0.3 percentage points to 1.1%, while revising its oil price outlook higher.
Kazakhstan appoints state gas firm as sole operator of Karachaganak GPP
Authorities are seeking to fast-track a project deemed critical for the country’s energy security.
CNPC signs up to explore for gas in west Kazakhstan
China’s CNPC and Kazakhstan’s state gas company QazaqGaz have signed a contract to explore and develop the Severny-1 gas block in the Aktobe region.
Czech Republic sharply cuts Russian oil imports
The Czech Republic has sharply reduced its reliance on Russian crude, with imports from Azerbaijan emerging as the dominant supply source last year.
LNG carrier bound for India from Russia's Portovaya project
The Kunpeng LNG carrier is heading to India with a cargo of Russian LNG, in what could mark a rare delivery from a US-sanctioned project to the country.
Russia's April seaborne oil exports to drop to lowest level since 2023
Russia’s seaborne oil exports are set to fall to their lowest level since 2023 in April after a series of attacks on port infrastructure curtailed shipments, limiting producers’ ability to capitalise on stronger prices for Urals crude.
Russia's Sibur test trial polyproplyene production ahead of Amur project launch
Russian petrochemicals major Sibur has carried out a full-scale simulation of start-up and commissioning operations for a future large-capacity polypropylene plant using a pilot unit.
Ruskhim eyes sale of upstream business to Zarubezhneft
Russian chemicals group Ruskhim is considering a full exit from its upstream gas business, potentially selling assets linked to two large fields in the Nenets region of Western Siberia to state-owned Zarubezhneft.
CNPC plans major drilling campaign in Uzbekistans Ustyurt basin
China’s CNPC will drill 30 exploration wells in Uzbekistan under a new contract signed with state oil and gas company Uzbekneftegaz, as the Central Asian country expands efforts to unlock oil and gas resources in the Ustyurt basin.
India to benefit from US extension of Russian oil waiver
The United States has opted to extend a waiver permitting limited transactions involving Russian oil, despite sustained political opposition from within Washington.
Russian sabotage operations in Europe almost quadrupled in 2024, IISS says
Russian sabotage operations in Europe almost quadrupled from 2023 to 2024 according to IISS research, with submarine cables, legacy IT systems and underinvestment in critical infrastructure identified as key vulnerabilities.
MFA Blanár says Slovakia is ready to block EU’s 20th sanctions package if Druzhba oil flow is not renewed
Slovak Minister of Foreign Affairs Juraj Blanár said that his country is ready to block the EU’s 20th round of sanctions against Russia if the oil flow from the Russian Druzhba pipeline is not renewed.
Turkmengaz, China’s CNPC seal deal on fourth phase of giant Galkynysh gas field development
Turkmenistan's state gas company Turkmengaz and China's CNPC on April 16 signed a deal to construct the fourth development phase of the Central Asian country’s giant Galkynysh gas field.
Uzbekistan, Russia aim to more than double trade to around $30bn by 2030
Uzbekistan and Russia are aiming to more than double their trade from the $13.2bn posted for 2025 to around $30bn by 2030.
US OFAC reportedly allows Romania to restart Lukoil’s Petrotel refinery
Romania will be able to restart operations at the Petrotel refinery owned by Russia’s Lukoil within 45 days, after receiving a sanctions waiver from the US Government, Energy Minister Bogdan Ivan announced.
India’s Russian crude imports triple to over $6bn in March
India’s crude oil imports from Russia more than tripled to €5.3bn ($6.2bn) in March, driven by a sharp rise in volumes and higher global prices.
Azerbaijan's Q1 oil output and BTC throughput fall as sector investment surges
Azerbaijan's crude production and Baku-Tbilisi-Ceyhan (BTC) pipeline throughput both declined in the first quarter of 2026, even as the Azeri Light blend averaged $82.2 per barrel and investment into the oil and gas sector jumped 44.6% year on year
US does not prolong sanction waiver on Russian oil
The US Treasury does not prolong the temporary waiver on trading Russian oil in effect until April 11
US extends waiver for Lukoil’s Bulgarian operations to October 29
The United States has granted Bulgaria a six-month extension of a sanctions waiver allowing operations of Russia’s Lukoil in the country, easing concerns over potential fuel shortages ahead of a looming deadline.
Kyrgyzstan’s Japarov warns of emerging fertiliser shortages linked to Hormuz blockade
Fertiliser shortages are hitting regions across Kyrgyzstan, the country’s president, Sadyr Japarov, has told local media outlets.
Kazakhstan's oil output reaches 19.7mn tonnes in 1Q, says report
Kazakhstan reportedly produced 19.7mn tonnes of oil and gas condensate in the first quarter of 2026.
Profit of Russian oil major Gazprom Neft halves in 2025
Russian oil major Gazprom Neft posted net profit of $2.7bn in 2025, down by half year on year
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.
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