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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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Moldova says it has enough gas for this winter, but prices are an uncertainty
Moldova has secured all the gas it expects to need this winter and 76% of demand for the full 2026-27 gas year, reducing supply risk but leaving prices uncertain.
Russia plans 2031 launch for reusable rocket powered with LNG
Russia is targeting 2031 for the first launch of its reusable Amur-LNG rocket, with design work now completed and manufacturer Progress moving into the hardware production stage.
Mongolia rolls out plan to bolster fuel security amid crisis
Mongolia is combining emergency fuel imports with tax relief, expanded storage and a push to complete its first refinery by 2028 as it seeks to reduce its overwhelming dependence on Russian supplies.
UK extends licence to Lukoil to give more time for sale of international business
The UK has extended a licence allowing Lukoil International to keep operating until February 2027, buying more time for the sale of its $22bn overseas portfolio as a shorter US waiver approaches expiry.
Russia's Rosneft set to complete full takeover of mid-sized oil producer Bashneft
Russia’s Bashkortostan region plans to sell the remainder of its stake in oil producer Bashneft to controlling shareholder Rosneft, as the Russian region seeks to raise funds rather than borrow at high interest rates.
Kazakhstan’s KazMunayGaz and Croatian partner advance Shygys exploration
Kazakhstan's state oil and gas company KazMunayGaz (KASE: KMGZ) and Croatian company Geoenergija Razvoj have established a joint venture to explore the 2,400-sq km Shygys block in the Central Asian country's western Aktobe Region.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
UN's MARS flags up Turkmenistan as major oil and gas methane emitter
The largest oil and gas source in the latest ranking is a gas disposal facility in Turkmenistan, with estimated annual methane emissions of 76,562 tonnes.
IEA deepens 2026 oil demand cut to 1.6mn b/d as Hormuz war drains stocks
Global oil demand will shrink this year at the fastest pace since the pandemic, as war around the Strait of Hormuz lifts fuel prices and drains the world's stockpiles.
Naftogaz receivables rise as Gazprom debt remains unpaid
Ukrainian state energy company Naftogaz reported receivables exceeding $1.5bn, with nearly 77% of the total linked to unpaid gas transit debt owed by Russia's Gazprom, showing the financial pressures facing the company despite a debt restructuring.
Azerbaijan's July oil output flat as country continues to undershoot OPEC+ quota
Azerbaijan's daily oil output held broadly flat in July, at between 440,000 and 453,000 barrels depending on the source, according to differing estimates from the International Energy Agency (IEA) and Opec.
Kazakhstan prevents 511 illegal fuel and goods exports in early August
Kazakhstan's Border Service prevented 511 attempts to illegally export fuel and other goods during the first 10 days of August, with the value of the intercepted products exceeding KZT 1bn ($2.15mn).
IBL Elements to test oilfield water treatment and mineral recovery in Kazakhstan
US-based IBL Elements will test technology in Kazakhstan to treat water produced during oil and gas extraction.
Uzbekistan raises liquefied gas output target to 606,000 tonnes
State gas producer Uzbekneftegaz will commission 27 new wells in August and raise its year-end liquefied petroleum gas (LPG) production target by 86,000 tonnes to 606,000 tonnes, as authorities work to maintain domestic energy supplies.
Turkmenistan halves diesel export limit as fuel shortages persist
Turkmenistan has cut the volume of diesel that vehicles may carry when leaving the country from 300 to 150 litres, effective August 10, while raising the surcharge on fuel above the limit from 20 manat (about $1) to 30 manat (about $1.50) per litre.
Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports
Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.
Ukraine hit Russian oil assets at least 30 times in July, data shows
Ukrainian drones struck Russian oil-processing plants, sea infrastructure, tankers and pipelines at least 30 times in July 2026 alone, the highest monthly total since the campaign began in 2023.
Russia's crude exports tumble to lowest since May as drone strikes squeeze refiners and ports
Russia's crude shipments fell to 3.71mn barrels a day in the four weeks to August 9, the lowest since May, as drone strikes hit export terminals and Russia's largest LPG plant went offline.
EIA holds Azerbaijan oil output forecasts steady through 2027
The US Energy Information Administration (EIA) has left its forecasts for Azerbaijan's oil production unchanged in its August "Short-Term Energy Outlook", keeping projections in line with July's report.
Canada's Condor expands Uzbekistan output after launching two newly drilled wells
Canadian energy company Condor Energies (TSX: CDR) said on August 10 that in Uzbekistan it reached an output averaging 17,925 barrels of oil equivalent a day in the past 24 hours after two newly drilled horizontal wells were connected.
Mongolia rations gasoline as fuel shortages send drivers into long lines
Import disruptions from war-hit Russia leave ministers scrambling to arrange supplies from China, Korea and Kazakhstan.
Ukraine hits Russia with hundreds of drones, Moscow warns even bigger missile salvos on the way
Ukraine launched a barrage of more than 450 drones against Russia overnight on August 10, targeting 16 regions and occupied Crimea in one of its deepest and broadest strikes of the war, as Moscow's own military says it plans to sharply scale up.
Russia strikes back
Kazakhstan redirects crude flows amid repeated CPC drone strikes
Kazakhstan redirected part of its crude oil exports to alternative routes in July after a series of disruptions to the Caspian Pipeline Consortium.
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