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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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Output at largest Kazakh oilfield Tengiz rises to 810,000 bpd on March 11
Oil production at Kazakhstan’s largest oilfield, Tengiz, reportedly rose to around 810,000 barrels on March 11, but average output during the first 10 days of the month remained below expectations,
Uzbekistan orders sale of Enter Engineering, Eriell and Saneg assets partly to cover $131mn in wage arrears
Fitch upgrades its oil price outlook to $70
Oil markets are facing renewed geopolitical uncertainty after the outbreak of conflict involving Iran and the effective closure of the Strait of Hormuz, prompting rating agency Fitch to revise its near-term energy price outlook upwards.
Russia pockets €6bn in fossil fuel revenues in first two weeks of war
Russia has pocketed over $6bn of excess revenues in just the first two weeks of war in Iran, the Centre for Research on Energy and Clean Air said.
IEA agrees record release of 400mn barrels from emergency oil reserves to counter Gulf War impact
The IEA agreed on March 11 to release a record 400mn barrels from emergency oil reserves, dwarfing its 2022 Ukraine-linked release, as Iran's closure of the Strait of Hormuz and attacks on Gulf energy infrastructure drive prices higher.
IEA proposes the largest ever release of oil reserves
The International Energy Agency has proposed the largest release of oil reserves in its history to restrain soaring crude prices amid the US-Israel war with Iran, the Wall Street Journal reported on March 10.
Kazakhstan-China Pipeline marks two operational milestones
Kazakhstan–China Pipeline, a JV between KazTransOil and China National Oil and Gas Exploration and Development Company, has reported operational milestones for two key oil pipelines linking Kazakhstan with China, KazTransOil has announced.
EU seeks €30bn for Ukraine and weighs Druzhba pipeline repairs to unblock aid
The EU is seeking up to €30bn in additional funding for Ukraine and is considering helping repair a damaged oil pipeline to overcome a political impasse that has delayed a major aid package for Kyiv.
Moldova’s state energy trader buys gas for two months through newly established exchange
Energocom Trading, a subsidiary of Moldova’s state energy trader Energocom, has carried out the first transaction on the domestic unregulated natural gas market, intended for the production of thermal and/or electrical energy in April-May.
Central Asia shaken by fears of huge acid rain cloud heading to region from Iran
Officials struggle to convince inhabitants that the science shows Israeli bomb strikes on Iranian oil depots cannot lead to such a nightmare.
US LNG bound for Ukraine arrives in Lithuania
A cargo of US LNG intended for Ukraine has arrived at Lithuania’s Klaipeda terminal and will be sent onward to Ukraine in the near term.
Kazakhstan plans to offer 25 new gas blocks to investors this year
Kazakhstan plans to add 25 new prospective subsoil plots to its gas exploration programme in 2026 as it seeks to expand the country’s natural gas resource base.
Moldovagaz gets extra time to supply gas to Moldova's breakaway region of Transnistria
This is after the country’s energy regulator extended the company’s authority for a further three months.
Gazprom unit targets undeveloped gas at Lunskoye field off Sakhalin
Sakhalin Energy, the Gazprom-controlled operator of the Sakhalin-2 project, has launched work to bring previously undeveloped reserves at the Lunskoye oil and gas condensate field into production.
Slovakia's SPP eyes increase in Russian gas imports despite EU phase-out
Slovakia’s national gas company SPP is in talks with Gazprom to increase imports of Russian natural gas above 2025 levels this year and next.
Relations between Ukraine, Hungary worsen amid money laundering dispute
Relations between Hungary and Ukraine have deteriorated after Budapest detained seven Ukrainian citizens, prompting Kyiv to accuse the Hungarian authorities of “taking hostages.”
Azerbaijan delegation discusses Baleine oil and gas project as SOCAR expands into Côte d’Ivoire
A high-level delegation from Azerbaijan held several meetings with senior officials from Côte d'Ivoire's Ministry of Foreign Affairs and the energy sector to discuss the Baleine oil and gas project.
Russian shadow fleet LNG carrier idle near Suez Canal after attack on sister vessel
A Russian LNG carrier linked to the sanctioned Arctic LNG-2 project has been idling near the northern entrance to the Suez Canal for several days after another vessel from the same logistics chain was attacked in the Mediterranean.
European gas prices surge further on Hormuz crisis
European gas prices have surged once more as a result of Iran’s blockade of the Strait of Hormuz that has knocked out around a fifth of global LNG supply.
Oil price spike at over $100 per barrel as market faces possibly worst crisis in history
Brent was trading at over $108 per barrel as of 06:30 GMT today, up from the early $70s prior to the US and Israel launch of strikes against Iran on February 28.
"Now it's business, not friendship." Russia ends discounted oil sales to India
Russian President Vladimir Putin told Indian Prime Minister Narendra Modi, “No more Mr Nice Guy. It’s just business now,” after the US softened sanctions on India’s purchase of Russian oil to alleviate a growing supply side squeeze.
US gives India 30-day waiver for Russian oil
India’s available reserves of around 100mn barrels would therefore last for only about six weeks, reportedly leaving New Delhi with limited alternatives to Russian supplies despite previous commitments to reduce purchases.
US eases sanctions on Russian oil to keep markets supplied
US signals possible easing of sanctions on Russian oilThe US could remove sanctions on additional Russian oil supplies as Washington reassesses energy flows as Operation Epic Fury triggers the start of a global energy crisis.
IntelliNews Lambda: Europe’s gas storage drawdown slows as heating season ends, but EU will struggle to refill tanks this summer
Europe’s gas market is emerging from a difficult winter in its weakest position for years after a sharp acceleration in withdrawals from January, triggered by the “big freeze”, left storage levels well below their long-term norm.
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