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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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Russian oil giant Rosneft expands takeover of Bashneft
The government of Russia’s Bashkiria region has completed the sale of a stake in Bashneft to Rosneft for RUB14.8bn.
UK to sell oil from sanctioned Russian oil tanker's cargo
The Telegraph said, citing government sources, that UK authorities said the cargo came under their legal control after the seizure, allowing the state to decide how it should be handled.
Over 30 Russian regions restrict fuel sales amid ongoing Ukrainian drone siege
Ukraine has brought the war to Russia’s fuel supply, intensifying almost daily drone attacks on the country’s refineries over the past two months.
Lukoil's refinery in Nizhny Novgorod shuts down after reported drone strike
The Kstovo refinery, one of Russia’s largest oil-processing plants, suspended operations on June 24 after a Ukrainian drone attack damaged a key unit.
Mongolia's risky fuel strategy gamble
Country’s dependence on Russian gasoline gives it short-term supply stability but leaves it structurally exposed.
France intercepts suspected Russian shadow fleet oil tanker
France has intercepted a tanker linked to Russia’s so-called shadow fleet off the coast of Sicily, President Emmanuel Macron said on June 25, after the UK carried out a similar operation against another vessel earlier this month.
Russia hit by double whammy of forced crude exports as Ukraine drone strikes reduce refining throughput
Russia is exporting crude oil at its fastest pace this year as repeated Ukrainian drone strikes on domestic refineries leave Moscow increasingly unable to process its own production.
Kazakhstan says Orenburg plant drone attack has not disrupted gas supplies
A Ukrainian drone attack on Russia’s Orenburg gas processing plant has reportedly not disrupted gas supplies to consumers in Kazakhstan.
Russia in talks to import Kazakh gasoline as Ukraine’s drone attacks hammer refineries
Russian petrol output reported as down by 25% as of late June.
France’s Air Liquide to invest €70mn in Kazakhstan for Silleno petrochemical project
France’s Air Liquide Karabatan Tech Gases has signed a long-term agreement with Silleno LLP, a JV between Kazakhstan’s KMG, China’s Sinopec and Russia’s SIBUR, to supply industrial gases to a new polyethylene plant in Kazakhstan.
Italy’s MAIRE signs agreement to explore sustainable aviation fuel platform in Kazakhstan
Italian engineering group MAIRE (BIT: MAIRE) has signed a memorandum with Kazakhstan’s sovereign wealth fund Samruk-Kazyna and the Italo-Kazakh Trade Association (ACIK) to cooperate on the development of a SAFplatform.
Russia running out of levers to manage fuel shortages
Russia says fuel supplies are under control, but proposed diesel export curbs and tighter allocation rules point to a narrowing policy toolkit as drone damage hits refineries.
Moscow's oil refinery reportedly remain shut until end of year
The refinery, with a capacity of 240,000 barrels per day (bpd), supplies 40% of fuel for the Russian capital and the surrounding area.
Russia’s oil sector bruised but not broken by Ukraine's drone strikes
Ukraine's expanding drone campaign against Russia's oil industry is testing the Kremlin. Can it keep the domestic economy functioning after more than four years of war as its cash cow industry takes a painful pounding.
The debate over EU methane regulation and energy security
The EU’s methane regulation has split analysts, with Rystad saying it will not harm supply and Wood Mackenzie warning it could make large volumes of imports non-compliant.
India’s Russian crude imports hit record level
Regardless of efforts by the US or even the EU to pressure New Delhi to abide by wider sanctions on Moscow, Russian crude is set to remain a defining feature of India's energy mix in at least the near term.
Uzbekistan suspends 464 fuel stations after audit finds 46,000 safety violations
Uzbekistan has temporarily suspended operations at 464 petrol and gas filling stations following a nationwide safety audit that uncovered more than 46,000 violations across the country's fuel distribution network.
SOCAR halts pipeline after oil spill in Azeri Caspian Sea
Azerbaijan’s state oil company SOCAR has halted oil transportation through a damaged Azneft pipeline after an oil slick was detected in the Caspian Sea.
Moscow State University rector joins Rosneft board
Moscow State University rector Viktor Sadovnichy has been elected to Rosneft’s board of directors, replacing Viktor Martynov, rector of Gubkin Russian State University of Oil and Gas.
Russia’s Rosneft says Sakhalin-1 output is 20% above ExxonMobil plan
Oil and gas production at the Sakhalin-1 project is 20% above the plan set by former operator Exxon Neftegas.
Rosneft says 2025 budget payments exceeded RUB5 trillion
Rosneft paid more than RUB5 trillion ($67bn) into the Russian budget in taxes and other payments in 2025.
Russia’s Rosneft expects Zvezda steel plant to start up in 2029
Rosneft expects a new metallurgical plant being built in Russia’s Far East to supply the Zvezda shipbuilding complex to start operations in 2029.
Rosneft says fuel supply to Russian market remains priority
Rosneft is prioritising fuel supplies to the Russian domestic market and is exporting almost no oil products, CEO Igor Sechin told the company’s annual shareholder meeting.
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