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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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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.
Russia's Rosneft enjoys bump in core earnings in H1
Russia’s state oil company Rosneft increased EBITDA by 23% year on year in the first half of this year, while higher spending on the Vostok Oil project pushed capital expenditure up by almost 12%.
Russia fails to secure deal for Power of Siberia 2 after another meeting with China
Power of Siberia 2 is back on the agenda, but China still has little reason to rush into a 30-year gas commitment.
Uzbekistan sees bump in fuel import coasts in 7M 2026
Uzbekistan spent $2.51bn on imports of fuels and related products in January-July 2026, up 10.7% year on year, highlighting the country’s growing reliance on external energy supplies despite remaining an exporter of some fuels.
Another Russian-built Arc7 LNG carrier loads its first cargo
Russia’s new Arc7 LNG carrier Konstantin Posyet appears to have loaded its first cargo from the sanctioned Arctic LNG 2 project, adding another specialised ice-class vessel to the limited fleet available to serve the development.
Russia's Novak orders greater scrutiny of fuel prices at independent filling stations
Russian Deputy Prime Minister Alexander Novak has ordered the energy ministry and Federal Antimonopoly Service to strengthen monitoring of fuel prices at independent filling stations.
Russian gasoline prices climb further 5% in week ending August 31 on exchange
Russia’s wholesale AI-95 gasoline price jumped 4.7% on August 31 to RUB80,167 ($1,000) per tonne on the St Petersburg International Mercantile Exchange.
Russia's Gazprom launches gas supply to Nefteyugansk city
Russia’s state gas firm Gazprom will begin supplying pipeline gas to Nefteyugansk in Russia’s Khanty-Mansiysk region on September 1, following the completion of new gas infrastructure serving the city.
KMG receives Chinese equipment for new Kazakh gas processing plant
The first batch of equipment was dispatched from a Chinese seaport to Kazakhstan in August.
Russian oil major Russneft's 1H26 EBITDA up 38%, net debt jumps 71%
Russia’s oil producer Russneft (RNFT) reported 1H26 IFRS revenue of RUB120bn ($1.4bn), broadly unchanged year-on-year (y/y), EBITDA of RUB33bn, up 38%, and net profit of RUB16bn, up around one-third y/y
Denmark’s Fayard shipyard receives third Russian LNG tanker
Danish shipyard is last to continue servicing Russian LNG vessels after France’s Damen Shiprepair Brest halted maintenance work in August 2025.
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