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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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Russia opens a new Arctic oil province as its polar sea route goes backwards
Rosneft shipped the first crude from its Vostok Oil project through the Arctic on September 5, opening an oil province the company says could eventually produce 100mn tonnes a year.
Diesel cracks hit a record as Russian and Saudi barrels vanish together
Diesel crack spreads hit record highs after global waterborne diesel exports fell to 175.7mn barrels in August, down 47mn on the year, on S&P Global data.
Uzbekistan brings on stream Patron gas field
Uzbekistan has discovered and already started production from the small Patron gas-condensate field in the southern Qashqadaryo region, as the country steps up exploration efforts to counter declining domestic gas output.
Russian oil firm RussNeft expects 4% decline in output this year
Russia’s RussNeft expects oil production to fall by around 4% this year despite a near-doubling of output at its key Vostochno-Kamennoye growth project in Western Siberia.
Russia's Portovyy floating LNG storage unit arrives in Vladivostok
Gazprom’s Portovyy floating LNG storage unit has reached Vladivostok after completing a voyage along Russia’s Northern Sea Route, raising questions over whether the vessel is preparing to deliver LNG to Asia or undergo maintenance.
Kazakhstan plans $327mn capacity expansion of oil pipelines that run to China
Kazakhstan plans to invest an estimated $327mn to expand the capacities of two oil pipelines that run to China, raising their combined capacity to 35mn tonnes a year.
US overtakes Russia to become Turkey’s leading crude oil supplier
The United States has emerged as Turkey’s leading crude oil supplier, with imports from the US showing a sharp increase in the first half of 2026.
Kyrgyzstan grants temporary visa-free entry to Chinese drivers hauling fuel
Kyrgyzstan's Cabinet of Ministers has adopted a resolution establishing a temporary visa-free regime for the international road transport of oil products across the country's state border.
Transgaz signs agreement to extend Vertical Corridor to Western Balkans
Romania’s gas transmission system operator Transgaz (BVB: TGN) announced that it has signed a memorandum of understanding to extend the Vertical Gas Corridor to the Western Balkans.
TAP boosts Caspian gas capacity as Italian demand grows
The Trans-Adriatic Pipeline (TAP) completed the first phase of its expansion programme at the start of 2026, adding roughly 1.2bn cubic metres a year of long-term transport capacity.
Turkmenistan expands Caspian gas development with Petronas, XRG
Russia says China will take over 60% of its gas exports by 2030
China will account for more than 60% of Russia's total gas exports by 2030, deputy prime minister Alexander Novak said at the Eastern Economic Forum in Vladivostok on September 4.
India’s Kyiv outreach contrasts with lower level Russia forum presence
India continues to import crude oil, as well as other hydrocarbons and commodities from Russia even as the risk of Western and especially US sanctions mount.
Kazakhstan oil production rises in August as CPC exports stabilise
Kazakhstan’s crude oil and gas condensate production reportedly rose to 8.47mn tonnes in August, equivalent to about 2.06mn barrels per day (bpd), up from from 7.6mn tonnes, or 1.85mn bpd, in July.
Kazakhstan targets 40mn tonnes of annual oil refining capacity by 2040
Kazakhstan plans to more than double its oil refining capacity to 40mn tonnes a year by 2040 as the government seeks to increase domestic crude processing, expand petroleum product output and develop higher value-added products.
Impact of Russian fuel crunch on Mongolia described by Ulaanbaatar official at Eastern Economic Forum
A ministerial official has detailed the price hikes Mongolians are enduring at the pump as a consequence of the fuel shortages caused by waves of Ukrainian drone attacks on Russian refineries.
Kyrgyzstan opens $260mn fertiliser plant with Chinese investment
Kyrgyzstan opened a major mineral fertiliser plant on August 28 in Torobai Kulatov village, Osh region, marking a step toward reducing the country's longstanding dependence on imports of the essential commodity.
IntelliNews Lambda: EU gas storage is emptier than in the 2022 crisis, gas prices doubles
Europe will miss its 90% full target for gas storage by November and is now on course to hit only 68%. Gas prices have already doubled but another 2022 gas crisis is unlikely, according to IntelliNews Lambda's model.
SOCAR, CNOOC sign MoU on Caspian oil and gas cooperation
Russian hydropower major RusHydro 1H26 profit almost doubles on Far East earnings
RusHydro (HYDR) reported 1H26 IFRS revenue, including subsidies of RUB428.3bn ($4.9bn), up 20% year-on-year (y/y), EBITDA of RUB149.9bn, up more than 1.5-fold, and net profit of RUB60.3bn, almost 2-fold higher y/y.
Uzbekistan’s 7M industrial production up 8% though gas output falls 15%
Uzbekistan’s industrial production rose 7.9% y/y in January-July, despite a continued decline in natural gas and oil output. Manufacturing and vehicle production helped drive overall growth.
Azerbaijan's STAR refinery diesel, LPG output rise
Iran welcomes Kyrgyzstan proposal for joint oil refinery
Iran has welcomed a proposal to build a refinery in Kyrgyzstan for joint use, President Masoud Pezeshkian said during talks with his Kyrgyz counterpart.
“Super-emitter” Turkmenistan fixes batch of methane leaks, observers hail “breakthrough” moment
One of the world’s top-ranked “super-emitters” of planet-heating gas, Turkmenistan, has started plugging some of its mega-leaks at ageing oil and gas facilities, UN data shows.
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