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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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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.
Uzbekneftegaz targets 1.5 bcm of extra annual gas supply by end of month amid declining national output
Uzbekistan's state-owned Uzbekneftegaz plans to add 4.36mn cubic metres per day of natural gas production by the end of September through the commissioning of new wells and workovers.
Turkmenistan orders boost in drilling efficiency
Turkmenistan has ordered measures to improve drilling efficiency at its oil and gas fields as the country seeks to raise crude and natural gas production.
Turkey's BOTAS, Azerbaijan's SOCAR eye closer gas cooperation
Turkey's state pipeline operator BOTAS and Azerbaijan's SOCAR are working to extend several existing natural gas swap agreements as the two countries deepen cooperation on regional gas trade.
Azerbaijan's SOCAR plans further investments in Turkish petchems producer Petkim
Azerbaijan’s state-owned SOCAR plans further investment at Turkish petrochemical producer Petkim (BIST) as part of a wider programme to modernise and expand the complex.
Kazakhstan courts US investor Kimmeridge for oil and gas projects
Kazakhstan is seeking to attract US investment firm Kimmeridge into new oil and gas projects as Astana looks to draw more international capital into its energy sector.
Kazakhstan ramps up BTC oil flows by 12% in Jan-Aug
Kazakhstan increased oil shipments from the port of Aktau towards the Baku-Tbilisi-Ceyhan (BTC) pipeline by 12% year on year in January through August.
Russia mulls lower oil price rule for budget amid growing deficit
Russia is considering lowering the oil price threshold used in its fiscal rule to $50 per barrel, a move that would make the federal budget less vulnerable to swings in crude prices and divert more oil revenues into reserves when prices are higher.
Russian engineering institute develops concept for combined gas processing and petchems project
Russian engineering institute NIPI PEGAZ has developed a concept for an integrated gas-processing and petrochemical complex capable of processing up to 28 bcm of ethane-rich natural gas per year.
Russia's Norilsk Nickel launches five new gas wells on northern Taimyr Peninsula
Norilsk Nickel, the Russian mining giant owned by businessman Vladimir Potanin, has brought five new production wells online at the Pelyatkinskoye gas condensate field in Russia’s northern Taimyr Peninsula, adding around 2mn cubic metres.
Germany bled $58.5bn on measures to protect consumers from energy crisis since 2022
Germany spent €50.4bn on measures to shield consumers and stabilise energy markets during the energy crisis that followed Russia’s invasion of Ukraine and the collapse in Russian gas supplies.
Russia orders stronger protection, faster repairs for refineries amid Ukrainian drone strikes
Russia has ordered stronger protection for oil refineries and faster repairs at damaged plants as the government steps up measures aimed at safeguarding domestic fuel supplies, amid relentless drone strikes by Ukraine against its refineries.
Russia ramps up oil shipments to Asia via Northern Sea Route
Two such transfers involving oil shipped through the Russian Arctic took place in the Sea of Japan on September 7.
Ukraine strikes deep into Russia's Siberian gas heartland
Ukraine’s deepest strike yet into Russia has brought its Arctic gas heartland — and potentially Yamal LNG — within reach.
Uzbekistan moves to reshape LPG supply system
Uzbekistan is preparing to overhaul its liquefied petroleum gas (LPG) supply system. The Central Asian country is set to introduce market-based mechanisms and targeted subsidies, according to the presidential press service.
EU should let its gas storage mandate lapse in 2027, says the commissioner who wrote it
The EU should loosen the gas storage filling requirements it imposed after Russia's invasion of Ukraine when the law expires at the end of 2027, according to several market watchers including the energy commissioner who introduced them.
EIA sees gradual Middle East oil recovery, keeps Azerbaijan output forecast flat
The US Energy Information Administration (EIA) expects Middle East oil production to rise gradually in the coming months but says output will not return to pre-conflict average levels before the second quarter of 2027.
Kazakhstan explains suspension of $5.07bn recovery proceedings against NCOC
Kazakhstan’s Ministry of Justice has explained the reason behind its suspension enforcement proceedings to recover KZT 2.3 trillion ($5.07bn) from North Caspian Operating Company (NCOC).
Report says “middlemen” companies shipping oil to Israel from Turkish port Ceyhan
Two little-known private companies, working through Turkey’s Mediterranean oil export port of Ceyhan, now number among Israel’s most important “oil middlemen”, according to a report from bianet.
Gazprom's Central Asian gas supplies rise nearly 70% in 2026
Gazprom has increased gas supplies to Kazakhstan, Kyrgyzstan and Uzbekistan by nearly 70% so far in 2026, chief executive Alexey Miller announced on September 4, though he did not disclose volumes for individual countries.
British BP, Azerbaijan’s Socar advance Uzbekistan’s Ustyurt exploration towards drilling
British energy group BP (LSE:BP) and Azerbaijan’s state oil company Socar are preparing to move to the next stage of hydrocarbon exploration in Uzbekistan’s Ustyurt region.
Britain widens Iran sanctions on energy and finance, with joint Azerbaijani gas exemptions
The UK will widen sanctions on Iran from September 29, targeting energy, finance, shipping and aviation. Planned licences will allow certain activities linked to Azerbaijan’s Shah Deniz gas field to continue.
Kazakhstan suspends enforcement of $5.06bn claim against Kashagan operator, says Interfax
Kazakhstan’s Ministry of Justice has reportedly suspended enforcement proceedings to recover KZT 2.3 trillion ($5.08bn) from North Caspian Operating Company (NCOC), the consortium operating the Kashagan oil field.
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