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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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Energy analysts ponder if decades-old concept of trans-Caspian gas pipeline from Turkmenistan to Azerbaijan is back on
Observers of the Central Asian gas export industry are asking if the decades-old concept of building a pipeline across the Caspian Sea from Turkmenistan to Azerbaijan, which would mean Turkmen gas flowing smoothly to Turkey and Europe, is back on.
Russia’s Gazprom, Rosatom to issue panda bonds to raise capital
Russia’s state-owned energy giants Gazprom and Rosatom are preparing to issue yuan-denominated “panda” bonds in China’s domestic debt market, as Moscow turns to Beijing to raise investment capital.
Ukraine offers Slovakia energy cooperation to replace Russian supplies
Ukraine is seeking to deepen energy cooperation with neighbouring Slovakia by offering infrastructure and fuel transport solutions that could help reduce reliance on Russian fossil fuels.
Russia to launch support package for over 40 coal miners
Russian energy officials to visit Tehran for gas export negotiations
Russian Energy Ministry officials to visit Tehran on Putin's instructions to finalise gas export deal following Iranian President Pezeshkian's talks with Russian leader.
Russia adopts rescue package for hydropower major RusHydro
Russian nuclear major’s Rosatom 10-year order book grows to $129bn
Kyrgyz anxious over possible fuel shortages ahead with Russian refineries under daily attack from Ukrainian drones
With Russian oil refineries under daily attack from Ukrainian drones and Russia by far the dominant supplier of fuel to Kyrgyzstan, anxieties in the Central Asian country over possible gasoline shortages on the horizon have mounted.
A tale of two majors
BP has been unable to sell its stake in Rosneft despite pledging to leave Russia in 2022, while ExxonMobil, forced out of Sakhalin-1 the same year, may now be invited back under new Kremlin rules.
Kazakhstan continues to exceed its OPEC+ oil quotas
Kazakhstan’s crude oil output, excluding gas condensate, rose to 1.88mn bpd in August from 1.84mn bpd in July.
Kazakhstan tempers Gazprom claim of “concluded deal” on Russia gas supplies to China
Russia's Rosnedra to auction off six Yakutia oil and gas sites this year
Russian subsurface agency Rosnedra plans to auction six hydrocarbon blocks in the Far Eastern region of Yakutia, where it has already carried out exploration under the first stage of a federal project.
Kazakh parliament ratifies deal with Turkmenistan with energy options
The deal is viewed as critical to the country’s state-owned oil and gas companies’ ambitions to expand in the neighbouring country’s energy sector.
Report says Wood Mackenzie advising Pakistan to delay commitment to TAPI gas pipeline intake to at least 2031
International energy consultancy Wood Mackenzie has advised Pakistan to postpone any commitment to gas intake from Turkmenistan under the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project until at least 2031, The News has reported.
Putin aide Patrushev weighs in on Nord Stream blasts
He was renewing Moscow’s consistent criticism of Western investigations into the September 2022 blasts that damaged the Nord Stream 1 and 2 gas pipelines.
Exploration fails to find commercial reserves at only hydrocarbon deposit in Russia's Khabarovsk region
Exploration has failed to confirm commercial gas reserves at the only hydrocarbon deposit in Verkhnebureinsky district of Khabarovsk region, Governor Dmitry Demeshin said on September 5.
Italy seeks fuel supply guarantees from Azerbaijan amid refinery sale
Italy has asked Azerbaijan’s government to provide guarantees of continued fuel supplies in the event of a sale of Italiana Petroli (IP)’s refinery, Reuters reported on September 5, citing unnamed sources.
Kazakhstan secures Chinese funding for ethane, propane pipelines
Kazakhstan has reached an agreement with the China Development Bank to finance the construction of trunk pipelines for transporting ethane and propane in the western Atyrau region.
Ukraine enters winter heating season with stretched gas reserves and rising financial strain
Ukraine is approaching the 2025–26 winter heating season with gas storage levels running at around 11bn cubic metres (bcm), well short of the approximately 13 bcm target needed for adequate supply.
Second Russian LNG tanker arrives in Chinese port defying sanctions
A second vessel transporting LNG from Russia’s sanctioned Arctic LNG 2 terminal has docked at a Chinese port.
Power of Siberia 2 gas pipeline deal with China to cut Russian domestic supplies
Completing the Power of Siberia 2 (POS2) gas pipeline linking China to Russia’s Yamal gas fields may reduce the amount of gas available to the domestic market, Russian Energy Minister Sergey Tsivilev said during the Eastern Economic Forum.
COMMENT: Potential sanctions on Russian oil keeps price outlook uncertain
The ongoing Ukraine war ceasefire talks and the potential for new and even more extreme sanctions on Russian oil exports is keeping the outlook for the price of oil uncertain, Oxford Economics said in a note.
Russia's Rosneft secures deal to boost oil supplies to China via Kazakhstan
Russia’s largest oil producer Rosneft has secured an additional agreement to supply 2.5mn tonnes of oil annually to China through Kazakhstan, Interfax reported on September 4, citing Russian Energy Minister Sergei Tsivilev.
China’s CNPC wins tender to develop fourth phase of giant Turkmen gas field Galkynysh
China’s CNPC has won a tender to develop the fourth phase of one of the world’s largest gas fields, Galkynysh in southeastern Turkmenistan.
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