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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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IntelliNews Lambda: Europe’s gas storage unusually full at 85% despite cold snap, forecast path largely unchanged
Europe's underground gas storage facilities remain unusually full for this point in the heating season, with inventories at 85.1% on January 7, according to aggregated data from GIE.
Azerbaijan's ASCO seeks removal of sanctions on five vessels
Five vessels owned or co-owned by Azerbaijan Caspian Sea Shipping Company face international sanctions over allegations of transporting Russian crude oil, with ASCO preparing appeal to demonstrate compliance.
US seizes Russian tanker despite submarine escort stoking tensions
The United States has seized an oil tanker, now known as the Marinera and registered under the Russian flag, after a week-long pursuit, Reuters has reported, citing US officials.
Russia deploys submarine to escort tanker targeted by US near Venezuela
Russia has sent a submarine and naval assets to escort a rusting oil tanker formerly known as Bella 1, now renamed Marinera, in a significant escalation of maritime tensions with the United States, The Wall Street Journal reported on January 6.
TMK records fifth straight month of higher gas production at Mongolia CSG project
TMK Energy (ASX: TMK) on January 5 announced in a stock market filing that in December it achieved a fifth consecutive month of increased gas production at its 100%-owned Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia.
Russian gas exports to Europe crash 44% in 2025
Russia’s pipeline gas exports to Europe fell by 44% in 2025 to their lowest level since the mid-1970s, following the closure of the Ukrainian transit route and as the EU moves to phase out fossil fuel imports from Russia.
Turkey strikes new long-term agreement to import 33bcm of natural gas from Azerbaijan
Turkey has struck a new long-term agreement under which it will import 33bn cubic metres (bcm) of natural gas from Azerbaijan, Turkish Energy Minister Alparslan Bayraktar said on January 4 in a televised interview.
Russia’s LPG exports to Central Asia, Afghanistan said to have nearly doubled
Russia reportedly nearly doubled exports of liquefied petroleum gas (LPG) in January to November last year to Central Asian countries and Afghanistan to 1.016mn tonnes.
Geopolitical volatility triggers OPEC+ retreat to market neutrality
The leading factions of the OPEC+ alliance have opted to maintain current crude production ceilings
Poland's PERN strikes deal with Kazakhstan's KazTransOil on crude supplies
Poland’s oil pipeline operator PERN has signed an agreement on technical cooperation with Kazakhstan’s state pipeline company KazTransOil to support shipments of Kazakh crude to Germany.
Uzbek gas output sees further 5% decline in Jan-Nov 2025
Natural gas production in Uzbekistan fell by 5.1% year on year in January–November 2025 to 38.9 bcm, underscoring mounting pressure on the country’s energy balance even as gas exports rose in value.
Ukraine’s gas imports surge 800% in 2025 after Russian attacks cripple domestic production
Ukraine’s natural gas imports soared nearly 800% in 2025, reaching 6.47bn cubic metres, their highest level since 2020, as sustained Russian strikes on domestic gas infrastructure sharply reduced output and pushed Kyiv to source fuel from abroad.
China takes over 20 sanctioned Russian LNG shipments despite Western curbs
China received 22 shipments of LNG in 2025 from two Russian export projects subject to US and European Union sanctions, highlighting Beijing’s continued engagement with Moscow’s energy sector.
Mongolia’s first oil refinery 50% complete, construction schedule accelerated
The project to build Mongolia its first oil refinery under an intergovernmental agreement with New Delhi is 50% complete.
Russia extends fuel export bans to February
The Russian government has extended temporary bans on the export of motor gasoline, diesel and other petroleum products until February 8 next year, to stabilise supplies and prices on the domestic fuel market amid ongoing supply strain.
Russia's Novatek bullish on future global oil demand
Russian Deputy Prime Minister Alexander Novak has said global oil demand could rise sharply by 2050.
Bright prospects for Russian gas in Central Asia, Gazprombank says
The bulk of the growth is expected to come from Uzbekistan. Many of the country’s large gas fields are depleted and output is in decline.
Russia delivers first domestically-produced LNG carrier
Russia’s Sovcomflot has taken delivery of the country’s first domestically-built, icebreaking ARC7 LNG carrier, the Aleksey Kosygin, at the Zvezda shipyard in the Far East.
Europe's LNG imports surge to record 142bn cubic metres in 2025
Europe's LNG imports hit record 142bn cubic metres in 2025, up 28% from previous year, as continent continues reducing Russian pipeline gas dependence with December reaching 12.7bn cubic metres.
St Petersburg residents freeze as power station fire knocks out heating to thousands
Thousands of St Petersburg residents left without heating after mysterious fire at Avtovskaya power station knocks out supplies across five districts as authorities provide minimal details about overnight blaze discovered at 2.51am.
Russia’s oil tax revenue to hit three-year low in January amid falling prices and strong ruble – Reuters
Russia’s tax revenue from crude oil production is set to fall to its lowest level since 2022, with proceeds in January 2026 projected at RUB380bn ($4.72bn), a 16% decline from December and down 55% y/y, Reuters reported on December 19.
Kazakhstan’s 11-month oil output and export figures show country on track to meet targets despite CPC disruption
Kazakhstan Deputy Energy Minister Sungat Yessimkhanov announced at a government meeting on December 17 that Kazakhstan’s oil output rose by 14.1% y/y to 91.9mn tonnes in the January-November period.
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