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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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Russia's Rosneft enjoys bump in core earnings in H1
Russia’s state oil company Rosneft increased EBITDA by 23% year on year in the first half of this year, while higher spending on the Vostok Oil project pushed capital expenditure up by almost 12%.
Russia fails to secure deal for Power of Siberia 2 after another meeting with China
Power of Siberia 2 is back on the agenda, but China still has little reason to rush into a 30-year gas commitment.
Uzbekistan sees bump in fuel import coasts in 7M 2026
Uzbekistan spent $2.51bn on imports of fuels and related products in January-July 2026, up 10.7% year on year, highlighting the country’s growing reliance on external energy supplies despite remaining an exporter of some fuels.
Another Russian-built Arc7 LNG carrier loads its first cargo
Russia’s new Arc7 LNG carrier Konstantin Posyet appears to have loaded its first cargo from the sanctioned Arctic LNG 2 project, adding another specialised ice-class vessel to the limited fleet available to serve the development.
Russia's Novak orders greater scrutiny of fuel prices at independent filling stations
Russian Deputy Prime Minister Alexander Novak has ordered the energy ministry and Federal Antimonopoly Service to strengthen monitoring of fuel prices at independent filling stations.
Russian gasoline prices climb further 5% in week ending August 31 on exchange
Russia’s wholesale AI-95 gasoline price jumped 4.7% on August 31 to RUB80,167 ($1,000) per tonne on the St Petersburg International Mercantile Exchange.
Russia's Gazprom launches gas supply to Nefteyugansk city
Russia’s state gas firm Gazprom will begin supplying pipeline gas to Nefteyugansk in Russia’s Khanty-Mansiysk region on September 1, following the completion of new gas infrastructure serving the city.
KMG receives Chinese equipment for new Kazakh gas processing plant
The first batch of equipment was dispatched from a Chinese seaport to Kazakhstan in August.
Denmark’s Fayard shipyard receives third Russian LNG tanker
Danish shipyard is last to continue servicing Russian LNG vessels after France’s Damen Shiprepair Brest halted maintenance work in August 2025.
Russia's Putin to press Xi on Power of Siberia 2 at Bishkek summit
Russia and China will take up the stalled Power of Siberia 2 gas pipeline when Vladimir Putin meets Xi Jinping in Bishkek on August 31.
The world has spent its emergency oil, the only stockpile growing is Iran's
Six months into the war around the Strait of Hormuz, the world's emergency oil reserves are close to spent.
Europe is heading into winter waiting for Qatari gas that is not coming back
Europe's gas traders have spent the summer betting that the Gulf war would end in time. It has not, and the bill for that bet falls due in November.
Russia's Novatek holds its dividend flat as 1H26 profit falls 9%
Russia's largest independent gas producer Novatek (MOEX: NVTK) will pay its shareholders exactly what it paid them a year ago, even though the profit behind the payment has shrunk.
Kazakhstan's KazMunayGas raises $490mn through heavily oversubscribed yuan bond sale
Kazakhstan’s state-owned oil and gas company KazMunayGas (KASE: KMGZ) has raised CNY3.5bn ($490mn) through its second offshore yuan bond sale in less than a year, taking advantage of strong investor demand to diversify its funding sources.
Russian fuel retailers seek extension of diesel export ban
The Russian Fuel Union requested that the government extend the full ban on diesel exports by refineries beyond September 1, 2026, arguing that supply to independent filling stations remains constrained.
Kazakhstan starts sending petrol to Russia from a Tatneft-linked refinery
Kazakhstan has begun shipping small volumes of petrol to Russia from a refinery that has been processing crude to order for Tatneft, a producer under British and Canadian sanctions.
Every major Lukoil refinery in Russia is now shut
Lukoil has no large working refinery left in Russia after a drone strike stopped its Kstovo plant, the fourth-biggest in the country.
Tajikistan emerges as potential market for Turkmen gas exports
Turkmenistan, holder of the world's fourth-largest natural gas reserves, is exploring Tajikistan as a potential export market as it seeks to diversify away from its longstanding huge reliance on China for gas sales, a report says.
Russian fuel shortages pose risks to Kazakhstan’s harvest and inflation
Fuel shortages in Russia and heightened geopolitical uncertainty in the Middle East are creating additional risks for Kazakhstan’s agricultural sector ahead of the autumn harvest.
Kazakhstan to more than double oil refining capacity by 2033
Kazakhstan plans to more than double its oil refining capacity to 40mn tonnes a year by 2033 as disruptions to its main crude export route strengthen the case for selling more processed fuel to neighbouring markets.
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