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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 to supply Indonesia with 150mn barrels of oil at special price as Trump blockade continues
Indonesia has agreed with Russia on the supply of 150mn barrels of Russian oil at a special price, with the deal reached during the Indonesian president's visit to Moscow on April 13 as Jakarta builds strategic storage amid Iran war energy disruption
Military use of Caspian Sea is intolerable, says Kazakhstan’s leader
At ecological summit, Tokayev names no countries, but Russia’s lobbing of missiles at Ukraine from the sea and Ukrainian oil platform attacks come to mind.
Russia may halt Kazakh oil flows to Germany via Druzhba pipeline
Russia may stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1, it was reported on April 21, with three industry sources cited.
Incoming Hungarian PM calls on Ukraine to let Druzhba flow
Hungarian election winner Peter Magyar on April 20 urged Ukrainian President Volodymyr Zelenskiy to reopen the Druzhba pipeline as soon as it is ready, and called on Russia to resume shipments.
Putin says Russia "knows how it will end" in Ukraine but will not announce war goals publicly
Russian President Vladimir Putin has said Moscow knows how the war in Ukraine will end but will not make public statements on the outcome, telling municipal officials Russia will simply implement its goals.
Oil price divergence in a time of crisis
Georgia's domestic petroleum exports surge 3,714% in Q1 2026 after Kulevi refinery launch
Kazakhstan court upholds $5bn environmental fine against Kashagan consortium
An Astana court has reportedly upheld a KZT 2.356 trillion ($5bn) environmental fine against the consortium developing Kazakhstan’s Kashagan oil field.
IMF raises GDP outlook for Russia amid higher oil prices
The International Monetary Fund has raised its 2026 GDP growth forecast for Russia by 0.3 percentage points to 1.1%, while revising its oil price outlook higher.
Kazakhstan appoints state gas firm as sole operator of Karachaganak GPP
Authorities are seeking to fast-track a project deemed critical for the country’s energy security.
CNPC signs up to explore for gas in west Kazakhstan
China’s CNPC and Kazakhstan’s state gas company QazaqGaz have signed a contract to explore and develop the Severny-1 gas block in the Aktobe region.
Czech Republic sharply cuts Russian oil imports
The Czech Republic has sharply reduced its reliance on Russian crude, with imports from Azerbaijan emerging as the dominant supply source last year.
LNG carrier bound for India from Russia's Portovaya project
The Kunpeng LNG carrier is heading to India with a cargo of Russian LNG, in what could mark a rare delivery from a US-sanctioned project to the country.
Russia's April seaborne oil exports to drop to lowest level since 2023
Russia’s seaborne oil exports are set to fall to their lowest level since 2023 in April after a series of attacks on port infrastructure curtailed shipments, limiting producers’ ability to capitalise on stronger prices for Urals crude.
Russia's Sibur test trial polyproplyene production ahead of Amur project launch
Russian petrochemicals major Sibur has carried out a full-scale simulation of start-up and commissioning operations for a future large-capacity polypropylene plant using a pilot unit.
Ruskhim eyes sale of upstream business to Zarubezhneft
Russian chemicals group Ruskhim is considering a full exit from its upstream gas business, potentially selling assets linked to two large fields in the Nenets region of Western Siberia to state-owned Zarubezhneft.
CNPC plans major drilling campaign in Uzbekistans Ustyurt basin
China’s CNPC will drill 30 exploration wells in Uzbekistan under a new contract signed with state oil and gas company Uzbekneftegaz, as the Central Asian country expands efforts to unlock oil and gas resources in the Ustyurt basin.
India to benefit from US extension of Russian oil waiver
The United States has opted to extend a waiver permitting limited transactions involving Russian oil, despite sustained political opposition from within Washington.
Russian sabotage operations in Europe almost quadrupled in 2024, IISS says
Russian sabotage operations in Europe almost quadrupled from 2023 to 2024 according to IISS research, with submarine cables, legacy IT systems and underinvestment in critical infrastructure identified as key vulnerabilities.
MFA Blanár says Slovakia is ready to block EU’s 20th sanctions package if Druzhba oil flow is not renewed
Slovak Minister of Foreign Affairs Juraj Blanár said that his country is ready to block the EU’s 20th round of sanctions against Russia if the oil flow from the Russian Druzhba pipeline is not renewed.
Turkmengaz, China’s CNPC seal deal on fourth phase of giant Galkynysh gas field development
Turkmenistan's state gas company Turkmengaz and China's CNPC on April 16 signed a deal to construct the fourth development phase of the Central Asian country’s giant Galkynysh gas field.
Uzbekistan, Russia aim to more than double trade to around $30bn by 2030
Uzbekistan and Russia are aiming to more than double their trade from the $13.2bn posted for 2025 to around $30bn by 2030.
US OFAC reportedly allows Romania to restart Lukoil’s Petrotel refinery
Romania will be able to restart operations at the Petrotel refinery owned by Russia’s Lukoil within 45 days, after receiving a sanctions waiver from the US Government, Energy Minister Bogdan Ivan announced.
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