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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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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.
Russia opens a new Arctic oil province as its polar sea route goes backwards
Rosneft shipped the first crude from its Vostok Oil project through the Arctic on September 5, opening an oil province the company says could eventually produce 100mn tonnes a year.
Diesel cracks hit a record as Russian and Saudi barrels vanish together
Diesel crack spreads hit record highs after global waterborne diesel exports fell to 175.7mn barrels in August, down 47mn on the year, on S&P Global data.
Uzbekistan brings on stream Patron gas field
Uzbekistan has discovered and already started production from the small Patron gas-condensate field in the southern Qashqadaryo region, as the country steps up exploration efforts to counter declining domestic gas output.
Russian oil firm RussNeft expects 4% decline in output this year
Russia’s RussNeft expects oil production to fall by around 4% this year despite a near-doubling of output at its key Vostochno-Kamennoye growth project in Western Siberia.
Russia's Portovyy floating LNG storage unit arrives in Vladivostok
Gazprom’s Portovyy floating LNG storage unit has reached Vladivostok after completing a voyage along Russia’s Northern Sea Route, raising questions over whether the vessel is preparing to deliver LNG to Asia or undergo maintenance.
Kazakhstan plans $327mn capacity expansion of oil pipelines that run to China
Kazakhstan plans to invest an estimated $327mn to expand the capacities of two oil pipelines that run to China, raising their combined capacity to 35mn tonnes a year.
US overtakes Russia to become Turkey’s leading crude oil supplier
The United States has emerged as Turkey’s leading crude oil supplier, with imports from the US showing a sharp increase in the first half of 2026.
Kyrgyzstan grants temporary visa-free entry to Chinese drivers hauling fuel
Kyrgyzstan's Cabinet of Ministers has adopted a resolution establishing a temporary visa-free regime for the international road transport of oil products across the country's state border.
Transgaz signs agreement to extend Vertical Corridor to Western Balkans
Romania’s gas transmission system operator Transgaz (BVB: TGN) announced that it has signed a memorandum of understanding to extend the Vertical Gas Corridor to the Western Balkans.
TAP boosts Caspian gas capacity as Italian demand grows
The Trans-Adriatic Pipeline (TAP) completed the first phase of its expansion programme at the start of 2026, adding roughly 1.2bn cubic metres a year of long-term transport capacity.
Turkmenistan expands Caspian gas development with Petronas, XRG
Russia says China will take over 60% of its gas exports by 2030
China will account for more than 60% of Russia's total gas exports by 2030, deputy prime minister Alexander Novak said at the Eastern Economic Forum in Vladivostok on September 4.
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