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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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World Bank slashes Ukraine’s 2026 growth forecast to 2% as war and energy shocks stall recovery
The World Bank has cut its forecast for Ukraine’s economic growth in 2026 to just 2%, down from a previous estimate of 5.2%, citing Russian attacks, damaged infrastructure, record gas imports, and poor weather that has hit agricultural exports.
France boards suspected shadow fleet tanker
It marks an escalation in Europe's efforts to clamp down on oil shipments that evade Western sanctions.
Indian refiners reportedly resume yuan payments for Russian oil
Indian state-run refiners have resumed settling payments for Russian oil in Chinese yuan
Russia’s China pipeline push unlikely to boost gas exports before mid-2030s
Russia’s planned Power of Siberia 2 gas pipeline to China is unlikely to increase gas exports for at least a decade, with key terms still unsettled and a lengthy construction timeline ahead
KazMunayGas extends oil supply contract with Rosneft Deutschland to 2026
Chairman of the management board of KazMunayGas, Askhat Khasenov, has met with Johannes Bremer, CEO of Rosneft Deutschland, to discuss the transportation of Kazakh oil to Germany and the prospects for expanding bilateral cooperation.
Hungary's MOL, Croatia's JANAF to discuss extending oil transport agreement after public exchange
Croatian state-owned pipeline operator JANAF and Hungary's oil giant MOL will meet on October 8 to discuss extending their oil transport cooperation beyond the current contract's expiry on December 31, Reuters has reported, citing JANAF.
Rostec unveils Russia’s first 32 MW gas transport engine
Russian state corporation Rostec has developed the country’s first 32-megawatt industrial gas transport engine, which will be used in main gas pipelines.
Russia expects oil output growth in 2026–27 as OPEC+ curbs ease, economist says
Russia’s oil production is expected to rise in 2026 and 2027 as OPEC+ production limits are gradually lifted.
Kazakhstan targets $19bn investment to boost oil refining capacity to 39mn tonnes by 2040
Kazakhstan plans to expand its oil refining capacity to 39mn tonnes per year by 2040 under an updated Concept for the Development of the Oil Refining Sector, The Times of Central Asia reported on October 6, citing the Ministry of Energy.
Russia struggles to restore gas payments to Moldova’s separatist Transnistria region
Russia is seeking a new intermediary to facilitate payments for natural gas deliveries to Transnistria after European banks reportedly blocked financial transfers routed through Dubai.
Oil tanker known to deliver crude to Israel reportedly set to depart Turkish port
An oil tanker known to often deliver crude oil to Israel is poised to depart the Turkish Mediterranean port of Ceyhan for an "unknown destination", Middle East Eye reported on October 6.
Hungary revisits prospect of importing Turkmen gas but obstacles are many
Hungary is revisiting the prospect of importing natural gas from Turkmenistan but the lack of infrastructure to make that plausible remains a big obstacle.
Russian oil and gas budget revenues slump by quarter in Sept
Russia’s federal budget oil and gas revenues fell 24.5% year on year in September 2025 to RUB582.5bn ($7bn), though receipts increased 13.3% compared with August.
Polish court extends arrest of Ukrainian accused of blowing up Nord Stream pipelines
A Warsaw district court has extended the detention of a Ukrainian national suspected of involvement in the 2022 explosions that damaged the Nord Stream 1 and 2 gas pipelines.
Afghanistan grants Uzbek firm Eriell rights to a gas field
Afghanistan has granted Uzbek oil and gas firm Eriell the right to explore and produce hydrocarbons on its territory, marking a new stage in energy cooperation between the two neighbours.
Russian LNG exports to EU down 7% in 9M
Russia faces one of worst fuel crises in decades
Twenty-one of the country’s 38 large refineries have been attacked since January.
Kazakhstan expected to sustain annual oil production above 100mn tonnes
Kazakhstan is projected to lift its annual oil output to 100mn tonnes in the coming years and maintain that level over the long term, The Times of Central Asia reported on October 3.
Turkey’s TPAO preparing to sign contract to operate two oil fields in Kazakhstan
Turkey’s state-owned energy company, Turkish Petroleum Corporation (TPAO), is preparing to sign a new contract to operate two oil fields in Kazakhstan, according to its chief executive Ahmet Turkoglu, Daily Sabah reported on October 3.
Prominent Russian propagandist accuses Kazakhstan of Orsk refinery strike
A prominent Russian TV propagandist accused Kazakhstan of involvement in a drone strike on a Russian oil refinery and called for a punitive operation against the Kazakh capital, EuroMaidanPress reported on October 3, citing his Telegram posts.
Kazakhstan's Tokayev calls climate initiatives "massive fraud”, advocates greater coal reliance
Kazakhstan’s President Kassym-Jomart Tokayev shocked observers by dismissing international climate initiatives as a “massive fraud” and advocating greater reliance on coal, Vlast.kz reported on October 2.
Turkey’s energy minister says purchasing Russian oil a commercial decision for private company refineries
Turkey’s energy minister Alparslan Bayraktar on October 2 said that purchasing Russian oil is a commercial decision made by private company refiners.
Russia’s Arctic LNG 2 raises production to record high
Russia’s heavily-sanctioned Arctic LNG 2 facility has increased production to record levels.
Russia’s oil and gas revenues fall 25% in September, deficit seen rising
Moscow faces fiscal pressures as it grapples with declining energy income and rising spending.
Kazakhstan ships 180,000 tonnes of oil to Germany via Druzhba pipeline in September
Kaztransoil, the operator of the Russian section of the Druzhba pipeline, said on October 2 that Kazakhstan exported 180,000 tonnes of oil to Germany through the route in September, Reuters has reported.
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