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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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EU mulls freezing Russian oil sanctions as fuel shortage looms
The European Union is considering a temporary freeze on its Russian oil price cap mechanism as policymakers worry about a looming fuel shortage as a result of the Iran war disruptions.
Russian oil tanker arrives in Japan as Middle East supply concerns grow
A tanker carrying Russian oil has arrived at Japan's Kiire port as Japanese firms step up purchases on a government request, Russian media reports.
Russia reports fuel facility fires in Saratov and Rostov after Ukrainian drone attack
Fires hit fuel facilities in Russia's Saratov and Rostov regions after an overnight Ukrainian drone attack, with Moscow blaming falling debris and Kyiv claiming direct strikes on a Rosneft refinery.
Armenian PM pushes back against Russian threat of higher gas prices
Armenian Prime Minister Nikol Pashinyan has pushed back against Russian threats to cut Yerevan’s access to discounted gas.
Russian seaborne oil exports hit highest level since start of year
Russian seaborne crude exports rose to their highest level since the start of the year in the week to May 24, supported by stronger Baltic loadings and higher ESPO shipments from the Far East.
Turkey cut Urals imports to lowest level in 18 months in May
Turkey cut imports of Russia’s Urals crude from Baltic and Black Sea ports in May to the lowest level in almost 18 months, as the grade loses some of its price advantage.
Kazakhstan may revise CPC oil tariffs
Kazakhstan may consider revising tariffs on the Caspian Pipeline Consortium system, although any change would require shareholder consensus.
Kazakhstan's KMG suffers drop in output in Q1 on field outages
Kazakhstan’s state oil company KazMunayGas saw oil and gas production fall sharply in the first quarter after outages at the giant Tengiz field and disruption to Caspian Pipeline Consortium infrastructure.
Production at Kazakhstan's Tengiz oilfield falls after operational outage
Oil production at Kazakhstan’s giant Tengiz oilfield has been reduced after an operational outage, although operator Tengizchevroil is working to restore output.
Gazprom sees profit halve in Q1 despite record cash flow
Russian gas giant Gazprom saw first-quarter profit attributable to shareholders almost halve in 2026, even as operating earnings improved and free cash flow reached a record high.
Gazprom Neft sees further growth in oil output despite weaker profits in Q1
Russian oil company Gazprom Neft lifted hydrocarbon production in the first quarter of 2026, but profit fell as a stronger ruble and volatile energy markets weighed on earnings.
Russia tests well completion tech to boost recovery at hard-to-produce oil reserves
Russia has successfully tested a domestic well completion technology designed to boost oil recovery from hard-to-produce reserves without drilling new wells.
BP set to sign key new Azeri upstream deal
BP’s expected Babek deal could unlock one of Azerbaijan’s biggest undeveloped gas resources, but new volumes for Europe are years away.
Russia's Dmitriev says Europe needs Russia to survive
Russia's Kirill Dmitriev said Europe needs Russia to survive amid an energy crisis, after Bloomberg reported the EU is weighing a temporary freeze of its $44.10 price cap on Russian oil over the Iran war.
How effective are Ukraine’s drone strikes at destroying Russian refinery production?
Wrangling over how effective Ukraine’s drone strikes of Russian refineries has broken out amidst conflicting reports of just how much damage is being done to Russia’s key oil infrastructure.
Ukraine cuts tariffs in bid to incentivise gas storage
Ukraine has cut tariffs for gas storage services and introduced new incentives for long-term capacity bookings as Kyiv seeks to accelerate stockpiling ahead of a winter.
Azerbaijan's Mediterranean crude sales diverge as Azeri Light trades well above budget assumption
Ukraine may have resumed attacking Russian shadow tankers in Black Sea, three vessels hit off Turkey
Ukraine may have resumed attacking Russian shadow fleet crude oil tankers in the Black Sea following a lull in such drone operations.
Putin highlights Kazakh-Russian energy transit and nuclear power ahead of state visit to Kazakhstan
Ukraine's drone campaign bites into Russian fuel supply as refinery damage forces emergency imports from Belarus
Russia's purchases of Belarusian gasoline on the St Petersburg commodity exchange exceeded 17,000 tonnes in early May — roughly 58-times the volume bought in the same period last year.
Russia eyes LNG Brazil for LNG exports
Russia believes it has a favourable outlook for exporting LNG to Brazil, Russia’s ambassador to the country told reporters in Brasilia at a meeting of the Russian-Brazilian intergovernmental on May 25.
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