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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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Russian oil, gas revenues rise in April but fall short of forecasts
Russia’s oil and gas revenues rose in April from the previous month but fell well short of market expectations, as higher compensation payments to refiners and a stronger ruble offset gains from rising crude prices.
Putin pledges to cover Slovakia's energy needs
Russian President Vladimir Putin pledged to continue supplying Slovakia with energy resources during talks with Slovak Prime Minister Robert Fico.
Japan takes second Russian oil cargo
Japanese refiner Idemitsu Kosan has purchased a cargo of Russian crude oil, becoming the second Japanese company to resume such imports since disruption in the Middle East upended global energy markets.
Azerbaijan spuds deepwater well at Umid gas field
Azerbaijan has completed the first phase of drilling at a deep appraisal well at the Umid gas field in the Caspian Sea, as Baku steps up efforts to expand gas exports to Europe.
EU imports record volumes from Yamal LNG in April
The figure represented 98% of all LNG exported from the Arctic project over the period.
Big fuel importer Kyrgyzstan records 46% hike in gasoline price since Iran war outbreak
Kyrgyzstan is presently importing a tonne of AI-92 gasoline at an average price of approximately $950 versus the $650 it was paying prior to the outbreak of the Iran war at the end of February, according to a senior official.
World oil inventories falling fast towards hard operational floor
The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.
Russian strikes force Naftogaz to boost gas imports after damage to production facilities
Ukraine’s state-owned energy giant Naftogaz said it would increase gas imports after Russian missile strikes caused severe damage to domestic gas production facilities.
Russia’s oil revenues rebound on Middle East conflict price hike, but gains are modest
Russia’s oil and gas revenues rebounded sharply in April as surging crude prices linked to conflict in the Middle East boosted export earnings, offering the Kremlin temporary relief after months of mounting fiscal pressure.
Russian drone attacks on Ukrainian ports surge, halting major oil terminal
Russian drone strikes on Ukrainian port infrastructure have intensified sharply this year, with the number of attacks rising more than tenfold and a recent strike forcing a key export terminal to halt operations.
China signs billions worth of contracts with Turkmenistan, but no financing
China - Central Asia Monitor: April 24-30, 2026.
Kazakhstan’s industrial output down by 0.7% y/y in Jan-March
Kazakhstan’s industrial production fell by 0.7% y/y in January-March to KZT 15.18 trillion ($32.19bn), according to latest data released by the Bureau of National Statistics.
Kazakhstan's oil, gas condensate output rises 16% m/m in April
Kazakhstan is said to have increased its oil and gas condensate production by 16% m/m in April, driven by higher output at its largest fields.
Georgia's first oil refinery eyes European markets with Euro-5 fuels and aviation kerosene by 2028
Russian central bank advises Chinese reinsurance for LNG cargoes to China
Russia’s central bank has advised major insurers to consider reinsuring LNG cargoes and LNG carrier shipments to China through a leading Chinese provider.
Damaged Russian LNG tanker finally anchored at Libyan coast
The LNG carrier Arctic Metagaz has been brought to anchor off the Libyan coast after drifting for nearly two months in the central Mediterranean following an explosion caused by a Ukrainian drone strike.
Japan receives Russian oil for first time in nearly a year
The tanker Voyager has delivered Russian crude from the Sakhalin-2 project to Japan.
OPEC+ core adjusts output as UAE finalises institutional withdrawal
The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks
Ukraine steps up attacks on Russian oil infrastructure to record monthly high in April
Ukraine has intensified its long-distance missile campaign against Russian oil infrastructure, carrying out a record 21 attacks on refineries, sea terminals and pipelines in April — the highest monthly total since December.
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