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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 opens new export route to UK for fertiliser shipments
Kazakhstan has opened a new export route to the UK for fertiliser shipments via the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor.
Russian oil major Russneft returns to profit in 1H26
Moldova declares 30-day state of alert amid fuel shortages
The government also introduced a separate hydrological alert because of critically low water levels in the Dniester basin.
Russia's Gazprom posts $890mn RAS loss in Q2 on oil subsidiary revaluation
The state gas exporter, once Moscow’s prized cash cow, has been struggling since losing the majority of its gas market share in Europe in 2022 and 2023.
Kyrgyzstan to send crude to Uzbekistan for refining as fuel crisis diversification accelerates
Kyrgyzstan will supply raw petroleum products to Uzbekistan for refining and receive finished fuel back in return, under a bilateral agreement finalised between the two countries' heads of government and energy ministers.
Kyrgyzstan in talks with Russia over fuel supplies as drone strikes cut output
Kyrgyzstan is reportedly in talks with Russia over fuel supplies as Ukrainian drone strikes on Russian oil refineries curtail Moscow's ability to deliver petroleum products to the Central Asian country, causing local shortages.
Hydropower boom saves Turkey $5bn in energy imports, says industry group
Turkey’s hydropower sector has posted its strongest performance on record this year, significantly reducing the country’s reliance on imported energy sources.
Moldova faces diesel shortage as government seeks to stabilise supplies
Moldova is facing a diesel fuel shortage after supply disruptions left dozens of filling stations without fuel, prompting the government to announce emergency deliveries and convene a meeting on the country's energy situation.
Greece’s Dynagas gets EU exemption to transport Russian LNG
Brussels yields to Athens but caps LNG volume transported at 2025 levels.
EU targets Russian banks in largest package for four years
The European Union adopted its 21st sanctions package against Russia on July 23, adding 48 individuals and 170 entities to its asset freeze lists, designating 94 financial institutions and targeting another 41 shadow fleet vessels.
Russia extends gasoline export ban to end of 2026
Russia will extend its ban on gasoline exports through the end of 2026, Deputy Prime Minister Alexander Novak said on July 25, prolonging a restriction that had been due to expire on July 31, S&P Global Platts reported.
European gas hits four-month high on Mideast tensions
European natural gas prices surged to a four-month high this week as renewed Middle East violence collided with depleted reserves and strong Asian air-conditioning demand. The Dutch TTF benchmark briefly hit €60/MWh — its highest level in months.
EU's 21st sanctions package puts Kazakhstan back in the firing line
Kazakhstan featured twice in the fallout from the European Union's 21st sanctions package against Russia, adopted by the Council of the EU on July 23, as Brussels widened its crackdown on third countries it accuses of helping Moscow.
Russia sets new daily record for pipeline gas flow to China
Russia’s Gazprom set a new daily record for natural gas deliveries to China through the Power of Siberia pipeline on July 25, marking the third all-time high reached on the route since the start of this year.
Kazakhstan freezes NCOC assets over disputed $5bn environmental fine
Kazakhstan has frozen property and transport assets belonging to the North Caspian Operating Company (NCOC), the operator of the Kashagan oilfield, as authorities move to enforce a nearly KZT 2.356 trillion (approximately $5bn) environmental fine.
Kazakhstan’s Tokayev explicitly urges Putin to “freeze” Ukraine war in face to face talks
Says his country “does not understand nature” of “tragic” conflict.
OPEC and the next surplus
A post-war return of constrained barrels could tip today’s uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control.
Has Ukraine declared war on Iran?
Ukraine's Caspian strike killed an Iranian sailor and drew a retaliation threat from Tehran. Kyiv calls it interdicting the Iran-Russia arms route, but firing on a third state's vessel outside any declared war raises a harder question.
Ukraine claims responsibility for Caspian oil platform and ship attacks
Ukraine has claimed responsibility for drone strikes on an oil platform owned by Russia’s Lukoil, two sanctioned cargo vessels and a Russian missile boat in the Caspian Sea, extending Kyiv’s campaign against Russian energy infrastructure.
Moldovan government proposes quarterly adjustments to gas prices amid spike in import costs
Moldova’s energy ministry has proposed allowing regulated gas tariffs to be adjusted every quarter as rising European wholesale prices increase costs for the import-dependent country.
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