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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’s state-run oil producer KMG to channel $900mn into exploration and drilling by 2029
Saudi Arabia’s Midad agrees terms for Lukoil portfolio
Jeddah-based Midad Energy has signed a deal to acquire Lukoil’s sanctioned global assets, while Chevron negotiates improved terms to replace the Russian firm in Iraq
Druzhba oil flow sees further disruptions
Oil flows to Slovakia through the pipeline effectively stopped in early February, after volumes had already fallen sharply in January.
How dangerous are Europe's low gas storage levels
Europe is heading into the final stretch of the 2025-26 winter with gas storage at unusually low levels and prices elevated, prompting warnings from Gazprom but also highlighting how weather, LNG flows and policy will shape market risks.
Caspian Sunrise reports record oil flow in west Kazakhstan
UK oil explorer Caspian Sunrise has recorded an oil flow from its West Shalva licence area in Kazakhstan’s Mangystau region.
TotalEnergies warns EU sanctions could halt Yamal LNG exports
French energy major TotalEnergies has said it may fully halt exports from Russia’s Yamal LNG project due to legal uncertainty surrounding the EU’s forthcoming ban on Russian LNG.
BP sheds 10% interest in solar project to power Azerbaijan's Sangachal oil terminal
The solar project will power the Sangachal terminal, freeing up more gas for supply to Europe.
KMG ramps up production by 10% in 2025 on Tengiz growth
KMG was also instructed by Kazakhstan’s president to ramp up exploration work to replenish the country’s resource base.
Russia ramps up oil sales to China while cutting Indian shipments sharply
Russia boosted seaborne oil exports to China in January while shipments to India fell sharply, highlighting deepening structural pressures on Moscow’s energy trade as buyers shift supply patterns.
Gazprom Neft announces biggest oil find in Yamal in 30 years
The deposits were found within the South Novy Port and Saletin licence areas in the Yamal district.
Russian oil major Gazprom Neft discovered 55mn tonnes of oil reserves
Gazprom Neft has discovered a 55mn tonne oil field in southern Yamal that could strengthen its Arctic cluster, though development may require tens of billions of rubles in investment
Russia to add two new ice-class Arc7 LNG carriers in 2026
Growth of ice-class Arc7 LNG carriers is integral to unlocking the full potential of Russia’s LNG facilities in the Arctic.
BP reports $1.9bn ACG spending, 27 bcm Shah Deniz output and Shafag stake sale in 2025
BP’s 2025 operational results in Azerbaijan show sustained capital investment in upstream projects, stable export volumes via Sangachal, and further progress in renewable energy development, including a revised ownership structure
TMK, Mongolia’s energy ministry to study acceleration of natural gas as fuel source in energy mix
TMK Energy (ASX: TMK) and Mongolia’s Ministry of Energy have signed an agreement to jointly study the acceleration of natural gas as a fuel source in the country’s energy mix, the company said in a market announcement released on February 11.
Rosneft's German refinery warns US sanctions threaten Berlin's fuel supply
Rosneft's German refinery warns US sanctions could disrupt Berlin's fuel supply as pressure mounts ahead of April US sanction deadline
First gasoline tanker arrives at Poti port from Antwerp
Ukraine installs 1.4 GW of gas-fired generation since invasion, with 3 GW more planned
Ukraine has installed 1.4 gigawatts (GW) of gas-fired distributed power generation capacity since the start of the war, the Energy Ministry said, as the country seeks to bolster energy resilience amid repeated attacks on its infrastructure.
New Delhi and Washington’s ongoing claims and counter claims over Russian oil exports to India
Russia is still exporting oil to India. At least that is what New Delhi – and Moscow - claim. Half a world away meanwhile, Washington has repeatedly announced that New Delhi is on the cusp of a clean break.
Kazakhstan's Qarmet produces 3.8mn tonnes of steel in 2025
Russia’s Northern Sea Route cargo turnover down 2.3% in 2025
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Russian gas output dips 3.2% in 2025
Russia’s total gas production fell 3.2% in 2025, while output of LNG declined 3.6%, according to data published by Rosstat.
Russia's Transneft completes West Siberian oil pipeline overhaul
Russia’s pipeline monopoly Transneft said its West Siberia subsidiary has completed the final stage of a large-scale reconstruction of the Omsk–Sokur trunk oil-products pipeline.
US to ship first LNG to Ukraine via Poland this year
Ukraine has received its first shipment of US LNG this year, with around 100 mcm delivered via Poland’s Swinoujscie LNG terminal in partnership with Polish energy group Orlen.
Russia plans swap deal to supply Kamchatka with LNG
Under the arrangement, LNG for Kamchatka will be delivered from Novatek’s floating LNG storage unit, Koryak FSU, while Novatek will receive equivalent volumes in larger cargoes from Gazprom’s Sakhalin-2 project.
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