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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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Growth in Azeri gas exports barely change in H1 despite Baku's high ambitions
Azerbaijan’s natural gas exports barely grew in the first half of this year, despite the country adding new European buyers and promoting itself as an increasingly important alternative supplier to Russia.
Georgia's Batumi oil terminal resumes jet fuel imports after eight-year hiatus
The Batumi oil terminal in Georgia has resumed handling jet fuel after an eight-year break, receiving an initial 10,000-tonne cargo from Europe for onward transport to Kazakhstan.
Kazak oil shipments through BTC pipeline lag below government targets
The volume loaded at the Caspian port of Aktau was down by around 10% from 785,000 tonnes a year earlier.
Kashagan oilfield operator says tribunal bars enforcement of $4.9bn Kazakh fine
The consortium operating Kazakhstan’s giant Kashagan oilfield reported on July 16 that an arbitration tribunal had barred Astana from enforcing a $4.9bn environmental fine.
Naftogaz secures bondholder backing for €1.2bn debt restructuring
Ukraine's state-owned energy company Naftogaz has completed the restructuring of two Eurobond issues totalling approximately €1.2bn
Russia's diesel export ban squeezes Turkey as Ukrainian strikes and Iran war compound supply crisis
Turkey is facing acute fuel supply pressure after Russia suspended diesel exports to all markets until the end of July, compounding disruption from Ukrainian attacks on Russian refineries and Iranian strikes on Gulf refining capacity.
China's 'impossible' gas price risks killing off Power of Siberia-2
China has effectively priced Russia's flagship Power of Siberia-2 gas pipeline out of existence, demanding a price for gas that analysts say would make the project uneconomic.
Kazakhstan's Kaztransoil increases oil transportation volumes in first half of 2026
Kazakhstan's state-run pipeline operator Kaztransoil reportedly transported 22.911mn tonnes of crude oil through its main pipeline system during 1H26, up by 643,000 tonnes from 1H25.
Azerbaijan's H1 oil and gas exports fall in value despite volume gains
Azerbaijan exported oil, gas and related products worth a combined $10.8bn in the first half of 2026, according to State Customs Committee data.
Kyrgyzstan moves to convert surplus AI-80 stocks to AI-92 as Russian fuel squeeze bites
Kyrgyzstan's state oil company is reportedly seeking chemical additives to upgrade surplus low-octane AI-80 gasoline into AI-92 as a short-term fix for supply disruptions caused by Russian export restrictions.
China slams new US bill targeting buyers of Russian oil and gas
China has condemned a revised US sanctions bill that would authorise tariffs against leading buyers of Russian oil and natural gas, including China.
China reportedly demands steep discount on Russia's Power of Siberia 2 gas
Chinese officials delivered the demand to a Gazprom delegation that travelled to Beijing ahead of Russian President Vladimir Putin’s May visit.
Canada's Condor sees spike in gas output in Uzbekistan after launching new well
The achievement was helped by stronger-than-expected flows from the company's new K-42 well at the Kumli Northwest field.
FSB detains Russian citizen for attempted attack on oil facility in western Siberia
The suspect was arrested near a concealed cache after collecting an improvised explosive device intended for use against an unnamed oil-industry facility in Nyagan.
Russia approves agreement with India to develop the Northern Sea Route
Russia has authorised state nuclear corporation Rosatom to sign an agreement with India aimed at expanding cargo shipments along the Northern Sea Route.
Sri Lanka seeks bids from Russian crude from Rosneft and Zarubezhneft
Sri Lanka’s state-run Ceylon Petroleum Corp. has registered Russia’s Rosneft and Zarubezhneft as crude suppliers, allowing them to bid for contracts serving the country’s sole refinery.
Small oil producers in Tatarstan slash output amid Ukrainian drone strikes against refineries
Ukraine has been waging a relentless campaign of drone strikes against Russian refineries, rendering up to 30% of national throughput capacity inoperable.
Kyrgyzstan bans fuel exports amid knock-on effect from Russian shortages
Much of Central Asia is feeling the knock-on effect of fuel shortages in Russia, caused by persistent Ukrainian drone strikes on refineries.
Graham's last sanctions bill cuts Russia tariff threat from 500% to 100%
US senators have unveiled a watered-down version of the Russia sanctions bill championed by the late Senator Lindsey Graham, cutting threatened tariffs on buyers of Russian energy from 500% to a maximum of 100%.
Kazakhstan forecasts 98mn tonnes of oil production in 2026
Kazakhstan expects to produce 98mn tonnes of oil in 2026 despite lower output seen in the first half of the year.
Kashagan operators face July 20 deadline to pay $4.9bn environmental fine
Foreign consortium members operating Kazakhstan's Kashagan oil field must reportedly pay a KZT 2.3 trillion ($4.9bn) environmental fine by July 20 following a court ruling that has entered into legal force.
Azerbaijan boosts EU gas exports even as it weighs quitting Council of Europe over rights dispute
China and Kazakhstan intensify nuclear ties
China-Central Asia Monitor: July 3-9, 2026.
Tajikistan teams up with China to launch fresh attempts to find hydrocarbons
Authorities in Tajikistan are preparing to once more launch attempts to find domestic hydrocarbon supplies, with the country’s fuel reserves down to the equivalent of two months’ supply amid Ukrainian drone attacks on Russian refineries.
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