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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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SOCAR halts pipeline after oil spill in Azeri Caspian Sea
Azerbaijan’s state oil company SOCAR has halted oil transportation through a damaged Azneft pipeline after an oil slick was detected in the Caspian Sea.
Moscow State University rector joins Rosneft board
Moscow State University rector Viktor Sadovnichy has been elected to Rosneft’s board of directors, replacing Viktor Martynov, rector of Gubkin Russian State University of Oil and Gas.
Russia’s Rosneft says Sakhalin-1 output is 20% above ExxonMobil plan
Oil and gas production at the Sakhalin-1 project is 20% above the plan set by former operator Exxon Neftegas.
Rosneft says 2025 budget payments exceeded RUB5 trillion
Rosneft paid more than RUB5 trillion ($67bn) into the Russian budget in taxes and other payments in 2025.
Russia’s Rosneft expects Zvezda steel plant to start up in 2029
Rosneft expects a new metallurgical plant being built in Russia’s Far East to supply the Zvezda shipbuilding complex to start operations in 2029.
Rosneft says fuel supply to Russian market remains priority
Rosneft is prioritising fuel supplies to the Russian domestic market and is exporting almost no oil products, CEO Igor Sechin told the company’s annual shareholder meeting.
SOCAR halts pipeline after oil spill in Azeri Caspian Sea
Azerbaijan’s state oil company SOCAR has halted oil transportation through a damaged Azneft pipeline after an oil slick was detected in the Caspian Sea.
Ukrainian gas producer triples output during war with major investment drive
Ukrainian private natural gas producer Zakhidnadraservice has tripled its gas output since the start of the war, expanding production through heavy investment in domestic equipment after foreign oilfield service providers withdrew from Ukraine.
Rosneft's flagship Vostok Oil project nears launch
Rosneft is nearing a technical launch at Vostok Oil, but shipping and production constraints could limit its early scale.
Petronas further expands upstream footprint in Turkmenistan
Petronas has expanded its upstream position in Turkmenistan, securing two new offshore blocks in the Caspian Sea.
EU closes Russian oil 'refining loophole' but sanctions gaps remain - KSE
The EU's ban on petroleum products refined from Russian crude oil in third countries has sharply reduced the flow of Russian-linked fuel into Europe, but significant loopholes remain and products derived from Russian oil continue to reach the EU.
First major equipment arrives for Kazakhstan’s $7.7bn polyethylene plant
The first batch of large-scale equipment for Kazakhstan’s polyethylene plant under construction in Atyrau Region has reportedly arrived in the country.
US eases Iran oil sanctions, price on Brent crude drops over 3.5%
The United States has partially lifted sanctions on Iranian oil exports following what officials have described as encouraging progress in negotiations aimed at ending hostilities between Washington and Tehran.
Kazakhstan targets 6.3 bcm of Russian gas imports for northern regions
Kazakhstan is reportedly in talks with Russia on the construction of a main gas pipeline that would supply gas to the country’s northern regions and Astana, with planned imports of up to 6.3bn cubic metres (bcm) annually from 2030.
Russia receives second domestic Arc7 tanker for Arctic LNG 2 project
Russia's sanctioned state-controlled shipping group Sovcomflot (FLOT) has received the Arc7 ice-class LNG carrier Konstantin Posyet from the Zvezda shipyard.
Malaysia’s Petronas strikes deals with Turkmenistan’s Turkmennebit to expand Caspian Sea presence
Malaysia’s Petronas Carigali on June 19 struck agreements with Turkmenistan’s state concern Turkmennebit and state enterprise Hazarnebit that will expand its Caspian Sea presence.
Arctic LNG 2 Plant gets Boost as Russia’s Second LNG Icebreaker Nears Completion
With a South Korean-built Arc-7 LNG carrier redeployed from Yamal LNG, Arctic LNG 2 will soon have three ice breaking carriers to ship cargoes through the Northern Sea Route in winter.
Moldova to instruct Moldovagaz to build up gas reserves for Transnistrian region
Moldova plans to require the entity responsible for supplying natural gas to the Transnistrian region, currently Moldovagaz (controlled by Gazprom), to gradually build and maintain strategic gas reserves.
Azerbaijan's wind power output surges in January-May, oil production and BTC volumes decline
MOSCOW BLOG: Ukrainian drone strikes spark fuel fears in the Russian capital
Ukraine has once more brought the war to Russia’s capital, launching its biggest drone strike against Moscow since the start of the conflict, causing what may be extensive damage to the city’s main oil refinery and sparking fears of fuel shortages.
Refiner Tupras still ranks as Turkey’s largest industrial company
Refiner Tupras (IST: TUPRS) remained Turkey’s biggest industrial company in 2025, according to a ranking published by Istanbul Chamber of Industry (ISO).
Jordan Phosphate, Uzbekistan to conduct feasibility studies for joint fertiliser plant
Jordan Phosphate Mines Company (JPMC, stock ticker: ASE: JOPH) and Uzbekistan are exploring the possibility of establishing a joint phosphate fertiliser project.
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