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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 completes probe into LNG carrier hit by drones in Mediterranean
Russia’s Investigative Committee said on May 25 it had completed an inspection of the damaged LNG carrier Arctic Metagaz.
Lukashenko offers refineries to process Russian oil amid Ukrainian drone strikes
Belarusian President Alexander Lukashenko said Belarus was ready to help Russia process oil products as repeated Ukrainian drone attacks continue disrupting parts of the country’s refining sector.
IEA chief warns of oil markets entering "red zone" by July-August
Global oil markets could enter the “red zone” by July-August if additional Middle Eastern export supplies fail to materialise and inventories continue falling during the peak summer demand season.
Russia warns Armenia of higher gas price if it exits Moscow's orbit
Russia has again warned that Armenia could lose access to heavily discounted Russian gas if it shifts further away from Moscow’s orbit and deepens integration with the EU.
Putin once more fails to clinch Chinese gas deal
Russia again failed to secure a final deal on the Power of Siberia 2 pipeline during Putin’s latest talks with Xi Jinping, despite the growing global energy crisis.
Russia eyes partial privatisation of Novorossiysk port
The Russian government has returned its 20% stake in Novorossiysk Commercial Sea Port to the federal privatisation programme for 2026-2028.
The UK eases Russia sanctions amid energy crisis
The UK has eased some Russian energy sanctions as the Hormuz crisis exposes growing dependence on imported fuel and gas.
Russia signals Armenia could lose preferential gas prices if it leaves Eurasian Economic Union
Gazprom Neft launches full-scale oil production at Chonsky fields
Gazprom Neft has launched full-scale oil production at the Chonskaya group of fields in eastern Siberia, bringing online a major new production hub aimed at boosting crude supplies to Asian markets.
Kazakhstan says it will not enforce Swiss arbitration award in Naftogaz-Gazprom dispute
Kazakhstan’s justice minister has said a ruling by the Astana International Financial Centre (AIFC) court recognising a Swiss arbitration award in favour of Naftogaz against Gazprom will not be enforced.
Norway overtakes Russia as world's top gas pipeline exporter
Norway overtook Russia as the world’s biggest exporter of gas via pipeline in 2025, reflecting Moscow’s loss of most of its market share in Europe over the past four years.
Kazakhstan plans gas and renewable energy mix for Alatau City
Kazakhstan plans to supply the future Alatau City near Almaty with electricity generated from a combination of gas-fired power plants and renewable energy sources.
Cabinet chief gives update on Kyrgyzstan’s fuel price situation in squeezed global market
Kyrgyzstan has so far during the Middle East crisis used fuel reserves to prevent sharp price increases for the motorist at the pump, but officials have now moved to review the financial and tax support measures that will help keep prices down.
Kazakh special economic zone court rules in favour of Ukraine over Russia
Ruling in Naftogaz versus Gazprom case sends reassuring signal to potential foreign investors.
Kazakhstan begins “practical phase” of fourth oil refinery project
Kazakhstan is reported to have moved to the “practical stage” of preparations for the construction of a fourth major oil refinery.
Russia’s flagship Arctic Vostok Oil project is going to struggle to meet its ambitious export targets
Russia’s flagship Arctic oil development Vostok Oil will struggle to meet its stated export targets as western sanctions, price caps and reservoir constraints weigh on the project’s economics and production outlook.
Putin leaves Beijing with no Power of Siberia pipeline deal
Vladimir Putin arrived in Beijing on May 20 hoping that the Iran war's disruption to global energy markets would finally give him the leverage to close one of the most consequential energy deals of his presidency. He left empty handed.
Russia oil and gas revenues up 40% in May on Iran war pressures
Russia’s oil and gas revenues are expected to jump 39% year on year in May to about RUB700bn ($9.8bn), buoyed by higher global crude prices driven by the conflict involving Iran, according to Reuters calculations published on May 20.
US extends Russian oil sanctions exemption amid Iran conflict
The US Treasury Department will extend for a second time a sanctions exemption allowing the purchase of Russian oil already at sea, Treasury Secretary Scott Bessent said on May 19, as Washington seeks to contain oil price hikes.
ING says Kazakhstan gaining on elevated commodity prices, Uzbekistan faces higher import costs
Rising commodity prices and stronger portfolio inflows are improving external balances and supporting currencies across several CIS economies, outlook says.
Kazakhstan’s Kashagan oilfield to suspend production for maintenance
Kazakhstan’s Kashagan oilfield, the country’s second-largest oil producer, is reported to be set to halt production for over four weeks beginning in June to conduct planned maintenance work.
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