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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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Ukraine reconsiders partial gas exports as domestic prices fall and EU prices rise
Ukraine's government is reconsidering a partial resumption of natural gas exports as domestic prices fall further below European levels and producers seek additional foreign-currency revenues.
Azerbaijan's BTC pipeline oil transit falls 8.8% in Jan-Aug, crude exports to India surge 300-fold
Azerbaijan transported 16,746,000 tonnes of oil via the Baku-Tbilisi-Ceyhan (BTC) export pipeline running to the Turkish Mediterranean port of Ceyhan in the first eight months of 2026, with the flow down 8.8% y/y.
Azerbaijan's wind power output jumps 2,080%, chemical production falls
Azerbaijan generated 726.7mn kWh of electricity from wind power in 8M26, with the ouput equivalent to a 2,080% increase year on year, according to a report on State Statistics Committee data.
Singapore's Delixy plans up to 48% stake in Kazakhstan oil and gas project
Singapore-based oil products trader Delixy Holdings plans to acquire or merge into up to 48% of Tarbagatay Munay, the Kazakhstan operator of the Sarybulak oil and gas field in East Kazakhstan, under a non-binding letter of intent.
South Korean YPP considers $2bn green hydrogen and ammonia project in Kazakhstan
Korea's YPP Corporation is considering establishing a $2bn green hydrogen and ammonia complex in Kazakhstan’s East Kazakhstan Region, with planned annual production of up to 55,000 tonnes of green hydrogen or 310,000 tonnes of green ammonia.
Private traders ship Ukraine's surplus gas to Europe as storage tops 15bcm
Private traders have started exporting surplus gas from Ukraine's underground storage to Europe, as stocks run above expectations and domestic demand falls, Ukraine Business News reported.
Kazakhstan's Karachaganak oil field enters planned maintenance
Kazakhstan’s Karachaganak oil and gas field entered planned maintenance on September 7, with the shutdown expected to reduce national oil and gas condensate production by 400,000-450,000 tonnes before work is completed on October 1.
Azerbaijan's oil exports fall 7.8% by volume in Jan-Aug as prices for other products surge
Turkey's Fidan, Azerbaijan's Bayramov discuss Black Sea security, energy and trade in Baku talks
Russia strikes Ukrainian power facility as fuel importer expands filling station network
Hyundai Engineering signs agreement for Kazakhstan gas processing facility
Hyundai Engineering (KRX: 000720) has signed a project implementation agreement with Kazakhstan’s state-owned gas company QazaqGaz (KZTG: KASE) for the Karachaganak Gas Processing Facility, which will process 5bn cubic metres of raw gas annually.
Herat section of Afghanistan's TAPI pipeline reaches 80% completion
Design work on a gas distribution network for Herat province is under way, and construction is expected to begin in the near future.
Russia turns off gas taps to Armenia
Sending signal as Pashinyan seeks energy diversification.
Abu Dhabi’s XRG acquires stake in Southern Gas Corridor
Abu Dhabi’s XRG completed its acquisition of an equity stake in Southern Gas Corridor Closed Joint Stock Company from Azerbaijan's Ministry of Economy.
Russia’s Arctic LNG 2 files arbitration claim against Hanwha Ocean
Novatek-owned Arctic LNG 2 has filed an arbitration claim seeking $1bn in compensation from South Korea’s Hanwha Ocean for voided contracts for the construction of LNG vessels.
MACRO ADVISORY: Oil price to rise as reserve dipping ends
The price of oil is expected to rise steadily as “reserves dipping” is close to ending. Many traders and oil companies say that the oil price should be higher and expect it to rise in the next couple of months.
Moody's: Azerbaijan shows strong resilience to external and geopolitical risks
Azerbaijan holds a significant buffer against external economic and geopolitical risks, supported by limited exposure to Russia, high oil prices and a stable national currency, according to Moody's.
Russia to temporarily halt gas supplies to Armenia for maintenance
CPC oil shipments rise 22% m/m in August as Black Sea loadings stabilise
Caspian Pipeline Consortium (CPC) increased oil shipments by 22% m/m in August to 6.288mn tonnes, or about 1.6mn barrels per day (bpd), as tanker loadings stabilised following a reduction in attacks in the Black Sea, a report says.
Kazakhstan targets $15bn-19bn investment to more than double oil refining capacity
Kazakhstan plans to more than double its oil refining capacity to 39mn tonnes a year by 2040 under a new industry development concept requiring an estimated $15bn-$19bn in investment.
Ukraine’s Naftogaz signs MoU with Kino Aski LNG to explore importing Canadian LNG
Ukraine’s state-run Naftogaz has agreed to a Memorandum of Understanding with Kino Aski LNG to examine potential cooperation on imports of Canadian LNG to Europe.
Baku hosts fifth Azerbaijan-Turkiye energy forum, signs protocol on new power links
Azerbaijan and Turkiye signed a protocol at the fifth Azerbaijan-Turkiye Energy Forum in Baku, covering hydrocarbons and petrochemicals, energy efficiency, the electricity market, renewables, regulation and mining.
Azerbaijan's oil output and BTC pipeline exports both fell in recent months, OPEC data show
Azerbaijan's crude oil output averaged 448,000 barrels a day in August, 7,000 b/d lower than in July, according to OPEC's monthly report.
Croatia's JANAF to invest up to €43.7mn in Kazakhstan oil exploration project
Croatia's oil pipeline operator JANAF will invest up to €43.68mn in a Kazakhstan hydrocarbon exploration project after joining the ownership structure of local company Geoenergija razvoj, JANAF said on September 11.
Russia's Urals oil price surges 16% in August on strong demand, Middle East disruptions
Russian Urals crude prices rose by an average of 16% month on month in August as stronger demand from India and China coincided with reduced Middle Eastern supplies.
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