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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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Chinese demand for Russian coal still rising
Chinese demand for medium-grade Russian coal increased in late January 2026, pushing prices up to $79–$82.8 per tonne from $79–$80.8 per tonne a week earlier.
Russian oil discounts to China jump on US-India deal
Discounts on Russian oil shipped to China widen further on prospects on halting Indian supplies under US-India trade deal
US, Russian share of Europe’s LNG imports soars to record 80%
Europe’s dependence on liquefied natural gas (LNG) from the US and Russia surged to an all-time high in January, with the two countries accounting for more than 80% of the continent’s total seaborne imports, Bloomberg reported on February 5.
Kazakhstan and China formalise agreement on $7.8bn development of hard-to-recover gas at Sozak field
Kazakh Invest and China’s Geo-Jade Petroleum Corporation have reportedly formalised a cooperation and project-support agreement aimed at moving forward with the development of the Sozak gas field in Kazakhstan’s Kyzylorda Region.
Russia’s Tatneft withdraws from gas-to-polymer project linked to Kazakhstan’s Tengiz oilfield
Shell pauses investment in Kazakhstan amid majors’ multibillion dollar wrangle with government
Amid huge compensation demands, CEO says “it does impact our appetite to invest further”.
TMK Energy reports record gas production at Gurvantes XXXV CSG project in Mongolia
TMK Energy (ASX: TMK) on February 4 in a stock market announcement reported record daily gas production of 674 cubic metres (around 23,800 standard cubic feet) at its 100%-owned Gurvantes XXXV Coal Seam Gas (CSG) project in Mongolia.
Russia ups ante by flying own flag on oil tankers
Russia reportedly started flying its own flag on “shadow fleet” tankers to increase the political risks of intervention and seizure.
Ukraine receives first US LNG shipment of 2026 via Poland, Naftogaz says
Ukraine’s state energy company Naftogaz has received its first shipment of US liquefied natural gas this year under a partnership with Polish state-owned energy group Orlen.
EU begins phased termination of Russian gas contracts
The EU has begun to phase out its remaining imports of Russian natural gas on February 3 and plans to end all gas imports by the start of 2027 when a ban on Russian gas imports is due to come into effect.
Kazakhstan's exports of crude and gas condensate fall by 29.6% m/m in January
Kazakhstan's exports of crude oil and gas condensate in January reportedly fell to 3.8mn tonnes, equivalent to about 0.91mn barrels a day (bpd), from 5.4mn tonnes (1.3mn bpd) in December.
Moldova cuts regulated end-user gas prices by 14-28%
Moldova’s energy regulator has approved significant reductions in regulated natural gas prices for all categories of consumers, cutting end-user tariffs by between nearly 14% and more than 28%, following lower procurement costs.
EU regulation banning Russian gas imports enters into force on February 3
The EU’s regulation to fully phase out natural gas imports from Russia under the REPowerEU plan will take legal effect on February 3, the European Commission..
US slashes tariffs on Indian exports after trade accord
The US agreed to slash tariffs on India from 50% to 18% after reaching a trade agreement on Indian exports and removing additional penalties added last year for importing Russian oil.
Ukraine, Poland agree to expand border gas flow capacity
Ukraine and Poland have agreed to gradually increase the capacity available for gas imports from Poland into Ukraine from early February 2026, as Kyiv seeks to bolster supplies amid a continuing fuel deficit.
Kazakhstan fully restores output at Tengiz oilfield
Kazakhstan has fully restored oil production at the giant Tengiz field, the country’s energy ministry said on January 31, after operations were suspended last month following a fire at key infrastructure.
Gazprom supplies record volume of gas to Russian consumers in Jan
Colder-than-normal weather across much of the country drove higher demand.
Russian oil firms ramp up IT spending
Russian oil and gas companies sharply increased spending on IT in 2025 as regulatory pressure and a push for technological sovereignty accelerate the shift toward domestic software and digital ecosystems.
Germany seeks extension of US sanctions waiver covering Russian-owned Berlin oil refinery
If the US Treasury declines to renew the licence, Berlin could be forced to consider nationalising the asset.
Moldova takes ownership of Lukoil fuel infrastructure at capital airport
The ministry said Moldova’s Public Property Agency and Chisinau International Airport completed an inventory of the facilities and signed handover acts with LUKOIL-Moldova.
KMG reports record gas flow from deep Kazakh exploration well
The company said further appraisal work is planned. .
Kazakhstan asks for US blessing to acquire Lukoil assets
Kazakhstan has formally asked US authorities to approve its bid to acquire Russian oil producer Lukoil’s stakes in key energy projects in the country.
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