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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 fuel shortages become systemic as Ukrainian strikes expose refining weakness
Russia's fuel shortages are evolving from a series of temporary disruptions into a structural weakness in the country's wartime economy, as repeated Ukrainian drone strikes continue to degrade refineries.
BP hands operatorship of Azerbaijan's BTC oil pipeline to SOCAR
British energy major BP has officially transferred the operatorship of the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline to Azerbaijan’s state oil firm SOCAR, the joint venture company BTC Co announced on July 1.
SOCAR takes over BTC pipeline operations from BP
Russia considers further lowing fuel quality standards to reduce shortages
The government could allow the production and circulation of Euro-2, Euro-3 and Euro-4 gasoline and diesel until July 2027.
Fourth Russian region declares state of high alert over fuel shortages
Ukraine has significantly intensified drone strikes against Russian oil refineries over the past two months, creating fuel shortages across the country.
Azerbaijan's BTC oil transit falls 9% in first five months of 2026, TANAP gas deliveries pass 99.6bcm
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Russia arms an LNG tanker
Russia appears to have armed a civilian LNG vessel operating in the Baltic Sea, in a sign of Moscow’s increasingly assertive efforts to protect its oil and gas tanker fleet against the risk of interceptions.
COMMENT: Ukraine may take the war to Russian LNG
An attack on Yamal LNG would be a market-shaking scenario, particularly for Europe.
Kazakhstan’s Karachaganak field cuts output after drone strike disrupts Orenburg gas processing
Russia's Gazprom targets further growth in Chinese gas sales this year
Gazprom is pushing ahead with eastern gas projects as it looks to raise supplies to China and support domestic demand.
Russian oil and gas investors hit as Russia's stock market sees sharp fall on June 22
Oil and gas shares fell by 3.5-8.0%.
Discount of Russia's Urals oil to Brent widens to highest level since March
The discount on Russian Urals crude delivered to India widened to its highest level since March, as expectations of higher Middle East supply and weaker Asian buying weighed on prices.
Kazakh businessman raises bond issues in pursuit of takeover of Kazakh oil producer Tethys Petroleum
Rakishev has been seeking since 2024 to buy out the remaining shares in oil and gas company Canada-listed Tethys Petroleum.
Azerbaijan presents Turkmenistan with oil tanker
Azerbaijan has presented Turkmenistan with an oil tanker built at the Baku Shipyard, in a virtual ceremony on June 22 attended by Azeri President Ilham Aliyev and Turkmen President Serdar Berdimuhamedov.
Nord Stream 2 AG sues EU over bloc's move to phase out Russian gas
Nord Stream 2 AG, the operator of the idle Nord Stream 2 gas pipeline controlled by Russia’s Gazprom, has filed a lawsuit against the EU, arguing that the bloc’s decision to phase out Russian gas imports amounts to expropriation.
Kazakhstan not to ship oil to Germany via Druzhba in July
Russia informed Kazakhstan at the end of May that there was still no technical possibility of resuming Kazakh oil transit through Druzhba, without disclosing a reason.
Russia's Bashneft oil firm more than halves dividend payout for 2025
The company plans to allocate RUB12.3bn ($156mn) to the payout.
Putin extends ban on Russian exporters following Western oil price cap
The ban effectively means that Russian oil exporters are legally required to take steps to circumvent Western sanctions.
Shareholders at Russia's Tatneft oil firm approve dividend for 2025
Tatneft’s net profit under IFRS stood at RUB158.6bn ($2bn) in 2025.
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