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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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Europe remains Russia's number one biggest importer of gas, top five importer of oil in August
US President Donald Trump complained that the EU is still importing too much Russian oil and that the White House will not put sanctions on Russia unless the EU cuts back on this business.
Ukrainian drones threaten Russian oil output
Latest Ukrainian drone strikes on main Russian oil-handling ports could dent country's oil output
Azerbaijan invests $542mn in Israel’s Tamar gas project in H1 2025
IEA warns that output at existing oil and gas fields is falling faster than expected
Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.
European Commission pushes for faster phase-out of Russian energy
The proposal reflects mounting pressure from the US and growing domestic concern over energy security as Russia’s war in Ukraine continues.
Uzbekistan begins development of Afghanistan’s Tooti Maidan gas field under 25-year deal
Ukraine secures 400 mcm of US LNG ahead of winter via Poland’s ORLEN
Ukraine has imported around 400mn cubic metres (mcm) of American liquefied natural gas (LNG) in partnership with Poland’s state-owned energy group ORLEN.
Fuel prices in Kyrgyzstan rocket as Ukraine steps up drone strikes on Russian refineries
Central Asian country relies on Russia for nine-tenths of its fuel.
SOCAR agrees to buy Italiana Petroli, gaining control of 4,500 fuel stations in Italy
SOCAR agrees to buy Italiana Petroli, gaining control of 4,500 fuel stations in Italy
Italy remains the top buyer of Azerbaijani crude with $4.8bn imports in January–August 2025
Italy remains the top buyer of Azerbaijani crude with $4.8bn imports in January–August 2025
SOCAR’s gas production cost rises 5.5%, oil cost jumps 11.8% in 2024
SOCAR’s gas production cost rises 5.5%, oil cost jumps 11.8% in 2024
Turkey announces research mission in contested Aegean waters, sparks immediate response from Greece
Turkey has sparked an immediate Greek response with the announcement of a 10-day research mission in a contested zone of the Aegean with the vessel Piri Reis, Greek publication tovima.com reported on September 15.
Kazakhstan strikes Chinese energy deals worth $1.5bn
Kazakhstan concluded more than $1.5bn worth of oil and gas projects with Chinese partners during President Kassym-Jomart Tokayev’s visit to Beijing last week.
SOCAR reportedly acquires major Italian fuel supplier
Azerbaijan’s state oil company SOCAR has agreed to buy Italiana Petroli (IP), securing control of one of Italy’s largest fuel filling station networks in a move that strengthens its position in the Mediterranean fuel market.
France, Germany push for sanctions on Russian oil firm Lukoil
France and Germany are leading a push to include Russian oil giant Lukoil and its Swiss trading arm Litasco in the EU’s forthcoming 19th sanctions package, according to diplomatic sources quoted by AFP and other outlets this week.
Germany once more extends trusteeship of Rosneft's oil assets
Germany has prolonged external administration of Rosneft’s local subsidiaries Rosneft Deutschland GmbH and RN Refining & Marketing GmbH for another six months.
EU payments for Russian gas slumped in July to lowest level since 1999
EU countries paid a combined €995mn ($1.2bn) for Russian natural gas in July, the smallest monthly outlay since 1999.
Ukraine hits multiple Russian oil refineries, Trump calls for more EU oil sanctions
Ukraine is expanding its campaign of trying to cut the Kremlin off from its oil export income with a campaign of targeting Russia’s oil refining and pipeline assets, using its new long-range drones and missiles.
Putin meets with Gazprom chief in St Petersburg
Russian President Vladimir Putin held talks with Gazprom head Alexei Miller on September 14 during a working visit to St Petersburg.
China receives fourth cargo from Russia's heavily-sanctioned Arctic LNG-2 project
China’s Beihai LNG terminal has received a cargo of Russian LNG from the Arctic LNG-2 project, the fourth such shipment to reach the country.
Budapest continues defending Russian energy imports
The geographic reality when it comes to Hungary is that we are a landlocked country with seven neighbours and the current energy infrastructure does not allow us to walk away entirely from Russian energy sources," Hungary's foreign minister said.
Uzbekistan announces discovery of first ever huge gas reserve in country
Uzbekistan has discovered a large gas reserve in the Ustyurt plateau in northern Karakalpakstan, according to President Shavkat Mirziyoyev.
Not much “legally binding” about Russia’s latest memorandum with China on Power of Siberia 2 pipeline project
There is not much legally binding about a new memorandum signed on the proposed construction of the Power of Siberia 2 (PoS-2) Russia-to-Mongolia-to-China gas pipeline.
Drones strike Russia’s largest oil port of Primorsk
More than 30 Ukrainian drones targeted Russia’s biggest oil terminal of Primorsk overnight on September 11–12, The Moscow Times reported on September 12.
Moldova’s dramatic energy sector transformation
Chisinau ended decades of dependence on Russia in just four years — but will the upcoming general election derail the remaining reforms?
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