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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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Kazakhstan continues efforts to finalise Russian gas supply agreement with Gazprom
Kazakhstan is continuing efforts to finalise a long-term natural gas supply agreement with Russia’s Gazprom, but ongoing disputes over pricing appear to have delayed a deal.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Naftogaz and Poland’s ORLEN sign third LNG supply deal
Naftogaz Group and Poland’s ORLEN have signed a third contract for the supply of liquefied natural gas (LNG), adding a further 100mn cubic metres (mcm) to existing agreements
Glencore completes exit from Russian oil major Russneft
Commodities trading major Glencore has divested its stake in Russian oil company Russneft, with Dubai-based OCN International DMCC acquiring 16.33% of the company's ordinary shares.
Fluor announces completion and launch of Future Growth Project at Tengiz oil field
US engineering and construction firm Fluor Corporation has announced the successful completion and startup of the Future Growth Project (FGP) at Kazakhstan’s Tengiz oil field.
Kazakhstan to conduct exploration works at sites with estimated reserves of 500 bcm of gas
Kazakhstan to provide natural gas access to over 200,000 citizens this year
Kazakhstan plans to complete 60 gas supply projects across 71 settlements by the end of 2025, expanding access to natural gas for an additional 218,000 Kazakh citizens and bringing the total number of people with access to gas to 12.8mn.
Kazakh environmental prosecutor fines Karachaganak operator for breaching emissions limits
Karachaganak Petroleum Operating (KPO), the international consortium developing Kazakhstan’s Karachaganak oil field, has been fined nearly $1.4mn by a specialised environmental prosecutor’s office for breaching emission limits.
Uzbekistan to auction stakes in 29 major state enterprises in privatisation push
Uzbekistan has committed to selling stakes in 29 major state-owned enterprises during 2025–2026, including assets in energy, telecoms, automotive and chemicals, as part of a broad privatisation push targeting international markets.
Uzbekistan, Australia’s AGA sign memorandum on building $5.5bn green urea, sustainable aviation fuel plant
Uzbekistan has signed a memorandum of cooperation with Australia’s Allied Green Ammonia (AGA) to build a $5.5bn green urea and sustainable aviation fuel (SAF) production facility.
Kazakhstan to export 40,000 tonnes of Ai-92 petrol in April
Kazakhstan plans to export 40,000 tonnes of Ai-92 petrol in April from Shymkent oil refinery.
Kazakhstan to double oil refining capacity to 38mn tonnes per annum by 2040
Kazakhstan aims to double its national oil refining capacity to 38mn tonnes annually by 2040, The Times of Central Asia reported on April 21, citing Minister of Energy Yerlan Akkenzhenov.
Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts
Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Russian firms eye joint ventures with Mexico's Pemex for oil projects
Russian companies are open to develop joint ventures with Pemex to pursue heavy crude oil extraction projects, Russia's Trade Representative in Mexico Aleksandr Abrámov said, Mexico Business News reported.
How Europe has weaned itself off Russian gas in the last three years
In 2021, Eastern European countries imported almost half of their gas from Russia. Only two countries in the region – Albania and Kosovo – were wholly independent of Russian gas.
BLOG: LNG gets politicised
We are currently witnessing a collapse in LNG trade between the US, the world’s largest exporter of the super-chilled fuel and its biggest importer, China – an event with profound and far-reaching consequences for the global LNG market.
Daewoo E&C signs framework deal for mineral fertilizer plant in Turkmenistan
Daewoo Engineering & Construction said on April 18 that it has signed a framework agreement with Turkmen state-owned chemical company Turkmenhimiya for the construction of a mineral fertilizer plant.
Czechia reports the first day in its history of being free of Russian oil
Prime Minister Fiala declared his country Russian oil-free after April 17 became the first day when no oil from the latter flowed into Czechia for the first time in its history, and his country has become independent of the eastern Druzhba pipeline.
Azerbaijan's SOCAR, Israel's Union Energy form Malta JV
Azerbaijan’s state oil company SOCAR and Israeli firm Union Energy & Systems have established a joint venture in Malta to engage in natural gas development and production.
French court backs Naftogaz in $5bn arbitration case against Russia
Ukrainian energy group Naftogaz has won a key legal victory in France as the Paris Judicial Court granted recognition and enforcement of a $5bn arbitration award against the Russian Federation.
Russian court raises Naftogaz penalty to $1.3 bn over Gazprom transit dispute
A Russian court has increased a financial penalty against Ukraine’s state energy firm Naftogaz to $1.3bn.
Czech Republic hails its independence from Russian oil
Neighbouring Hungary and Slovakia meanwhile have no intention of ditching Russian crude.
Sibur becomes first Russian company to deliver first carbon-offset polymers to China
Russian petrochemicals producer Sibur has become the first company in the country to export a shipment of polymers to China with a partially compensated carbon footprint.
Gazprom starts extracting white hydrogen in East Siberia
Russia’s national gas company Gazprom has produced its first so-called “white” hydrogen from the Kovyktinskoye gas condensate field in Eastern Siberia.
Russian Arctic oil exports to China set to surge this month
Arctic oil is now offered at significant discounts compared to Brent crude, reversing the premiums that were previously associated with these grades.
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