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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 targets 2.5mn tonnes of oil exports to Germany in 2026
Kazakhstan plans to increase oil exports to Germany to 2.5mn tonnes in 2026 as part of efforts to deepen energy cooperation with Europe.
EU paid €2.88bn for Russian Arctic LNG in first quarter
The EU paid an estimated €2.88bn ($3.33bn) to Russia for liquefied natural gas from the Yamal Arctic LNG project, majority owned by Novatek (NVTK.MM), in the first quarter of 2026.
Russia pitches discounted LNG to South Asian buyers
Russia reportedly pitches discounted LNG shipments to South Asian buyers amid the global energy supply squeeze
Russian warships escorts “shadow fleet” tankers through English Channel
In defiance of the UK government, Russia reportedly escorts its “shadow fleet” tankers with warships through the English Channel
Kazakhstan to in April raise oil volume piped by BTC to Turkish Mediterranean, says report
Kazakhstan reportedly has plans to raise the amount of crude oil it pipes to the Turkish Mediterranean export hub of Ceyhan by 16% m/m in April.
Oil traders in Kyrgyzstan fear six-week countdown to sharp hike in fuel prices
Oil traders in Kyrgyzstan have around six weeks of paid-for fuel reserves pegged to current forecourt prices left, but fear sharp price hikes will soon necessarily hit the motorist.
Oil price spike: How does the Kremlin tax its oil industry?
Oil prices have spiked and that should produce a huge windfall for the Kremlin which has been desperately short of cash to fund its war machine in Ukraine since the start of this year.
Did America just hand the Gulf to Russia?
The Iran war has turned Russia from a sanctioned energy pariah into an indispensable supplier for half the planet. With Urals crude at 13-year highs and sanctioned LNG going at 40% discounts, Moscow may be the war's real winner.
Russia to dispatch second oil tanker to Cuba
Russia plans to send a second oil tanker to Cuba following the delivery of hundreds of metric tonnes at Matanzas port earlier this week, Russian Energy Minister Sergei Tsivilev stated.
US allowing Russian oil cargo to Cuba is ‘humanitarian’, not policy shift
A Russian oil tanker has reached Cuba with a cargo of crude, marking the first significant delivery to the island in months and highlighting a limited but notable shift in US enforcement of its sanctions.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
Azerbaijan cements role as European gas supplier as regional output falls
Azerbaijan's gas production grew 2.4% to 39 bcm in 2025, consolidating its position as a key diversification partner for south-eastern Europe through the Trans Adriatic Pipeline (TAP).
Turkey reportedly not keen on Black Sea LNG proposal from Ukraine, citing dangers of explosion in Bosporus
Turkey reportedly looks set to reject a proposal from Kyiv to ship liquefied natural gas (LNG) to Ukraine via Istanbul's Bosporus strait, citing concerns that any explosion related to the project would cause unimaginable damage.
Russian authorities claim another drone strike hits CPC terminal after Shekharis terminal attack
Russian authorities said Ukrainian drones attacked the Caspian Pipeline Consortium (CPC) terminal on the Black Sea coast, damaging key oil export infrastructure.
Kazakhstan advances coal-to-diesel projects to boost processing capacity
Kazakhstan has launched two projects to produce diesel fuel from coal, as part of broader efforts to expand its coal chemical industry.
Can pipelines make a comeback?
The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.
Turkmenistan applies 300-litre limit on diesel in tanks of vehicles leaving country
The amount of diesel in the tank of a vehicle leaving Turkmenistan must not exceed 300 litres under new rules governing fuel exports.
Kazakhstan raises oil output by 2% in March
Total production rose to 1.87mn bpd in March from 1.83mn bpd in February.
World Bank delays approval of $15mn Azerigas methane leak project to May 21
The World Bank has postponed the board approval date for a $15mn investment financing project targeting gas leak detection and repair in SOCAR subsidiary Azerigas's distribution network
Jade Gas completes equity raise for development of Mongolia’s first commercial gas production
Jade Gas Holdings (ASX:JGH), a company developing Mongolia’s first commercial gas production operation, has announced the completion of a A$1.8mn ($1.2mn) equity raise to existing investors.
KMG, Lukoil review options to develop Kazakh offshore field amid sanctions
Kazakhstan’s state energy company KazMunayGas and Russia’s Lukoil are exploring financing options for the development of the Kalamkas-More and Khazar offshore fields in the Caspian Sea.
Libya fails to rescue damaged Russian shadow LNG tanker
The Russian shadow fleet LNG tanker Arctic Metagaz was left drifting uncontrolled in the central Mediterranean after a failed towing attempt early on April 2
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