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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 faces calls for higher oil exports amid supply concerns
Kazakh Energy Minister Yerlan Akkenzhenov said on June 10 that Kazakhstan is facing requests from international partners to increase crude oil exports despite production constraints linked to the OPEC+ agreement.
Kazakhstan to build first ammonia-urea plant with investment of $1.65bn
Kazakhstan will construct its first ammonia-urea production plant in its southwestern city of Aktau under a KZT 804.2bn ($1.65bn) investment project aimed at reducing fertiliser imports and expanding the country's export capacity.
Moldovan regular extends mandate of Russian-controlled Moldovagaz to supply gas to Transnistria
ANRE said the decision was taken to ensure uninterrupted gas supply and improve supply reliability in the region.
Ukraine's Naftogaz strikes first long-term LNG contract
The agreement comes as Ukraine seeks to bolster its energy security ahead of next winter.
Russia in talks to acquire Arc7 LNG carriers ahead of further sanctions
Negotiations are being conducted by Singapore-based Novatek Gas & Power Asia, a Novatek subsidiary, with representatives from Mitsui O.S.K. Lines and Hanwha Ocean.
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
EU proposes further sanctions on Russian energy and banking sectors
The proposed 21st sanctions package would pause adjustments to the G7 oil price cap mechanism until January next year to avoid market disruption following tensions in the Middle East and the temporary closure of the Strait of Hormuz.
Shell to help Kazakhstan digitise geological data to boost exploration
Shell and Kazakhstan have reportedly agreed to develop a digital geoscience platform aimed at improving the assessment of the country's hydrocarbon resources and attracting greater investment into oil and gas exploration.
EIA cuts Azerbaijan 2027 oil output forecast, raises 2026 outlook as Azeri Light tops $100
Shell to work with Kazakhstan on analysing hydrocarbon data
Shell has signed a memorandum of cooperation with Kazakhstan’s energy ministry and the country’s national geological service on improving the analysis, processing, and use of hydrocarbon data.
SOCAR: What needs to happen to ship more gas to Europe
Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.
Azerbaijan's big gas push
Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.
Hyundai Engineering wins Karachaganak gas processing project in Kazakhstan
South Korea’s Hyundai Engineering (KRX: 000720) has reportedly been selected to participate in the construction of a gas processing facility at Kazakhstan’s Karachaganak field.
Azerbaijan tops BP's payments to governments in 2025
BP paid almost $10bn to the government of Azerbaijan – its biggest fiscal contribution compared with any other government.
Russian court claims Gazprom's nationalised German unit cannot continue arbitration in Switzerland
A Russian court has barred German firm SEFE Marketing & Trading from continuing arbitration proceedings against Russian gas supplier Gazprom in Switzerland.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Putin claims sanctions have accelerated Russia's development of domestic oil and gas tech
Russian President Vladimir Putin said Western sanctions had accelerated the development of domestic technologies in Russia’s oil and gas sector.
Russia's Gazprom extends gas supply deals with Serbia and Bosnia's Serb Republic
Russia’s Gazprom has agreed to extend gas supply contracts with Serbia and Bosnia’s Serb Republic, the company said last week following talks at the St Petersburg International Economic Forum.
Russia's SPIEF marked by absence of foreign oil and gas deals
SPIEF highlighted Russia’s global ties, but major foreign oil and gas deals were scarce.
EU approves Romanian pipeline changes to expand gas export options for Ukraine
Ukraine is set to gain more opportunities to secure natural gas supplies after the European Commission approved changes allowing Romania's gas transmission operator Transgaz to offer export capacity to Ukraine through key pipeline connections.
Malaysian PM suggests Petronas has chance of securing access to major Turkmenistan gas field
Malaysian national energy company Petronas has the possibility of securing access to a gas field in Turkmenistan described as among the largest in the world, according to Prime Minister Anwar Ibrahim.
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