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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 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.
Kazakhstan to remove custom duties on fuel imports as Russian supplies no longer assured
Russia is Kazakhstan’s main fuel supplier. But given current strains on the Russian fuel market, Kazakhstan is looking for alternative sources.
Russia's Gazprom Neft claims it has moved over 90% of digital infrastructure to domestic software
Dyukov said the company had built one of the largest independent technology ecosystems among Russian industrial companies, significantly reducing its reliance on foreign IT products.
Kazakhstan cuts gas output at Karachaganak field after Ukrainian drone strike on key Russian processing plant
Crimean authorities declare state of emergency amid Ukrainian strikes on energy infrastructure
The emergency regime will remain in place until further notice.
Russian wholesale gasoline prices see mixed changes in week ending June 26
This follows more significant fluctuations in the previous week, caused by Ukraine’s intensifying attacks on Russian oil refineries that have led multiple regions to suffer fuel shortages.
Russian oil firm Surgutneftegaz approves RUB0.85 per share dividend
Surgutneftegaz’s dividend policy provides for 10% of net profit under Russian accounting standards to be paid out on preferred shares.
Drone debris falls on Russia's Slavyansk oil refinery
The extent of damage to the refinery was not confirmed.
Russia's Irkutsk region announces state of high alert amid fuel shortages
Filling stations owned by Russian state oil company Rosneft in the region have imposed a daily limit of no more than 50 litres of fuel per vehicle in a single refuelling.
Russia quadruples jet fuel imports from Belarus amid supply crunch
The surge in imports comes as Ukraine has intensified its drone strikes against Russian refineries over recent months, including an attack on Moscow’s main oil refinery on June 18.
China readies second LNG import terminal for cargoes from Russia’s Arctic LNG 2 plant
New terminal will join Beihai terminal, which has imported 41 cargoes since August 2025.
Russian regions battle fuel shortage as diesel deficit spreads
Russian regions have been battling a fuel shortage since June 23, with bus services cut, fares raised and rubbish collection halted in places, as a diesel deficit spreads across almost all regions.
France’s Technip Energies to study feasibility of Kazakhstan’s fourth oil refinery
France’s Technip Energies is set to conduct a technical and economic feasibility study for Kazakhstan’s planned fourth oil refinery.
Russian oil giant Rosneft expands takeover of Bashneft
The government of Russia’s Bashkiria region has completed the sale of a stake in Bashneft to Rosneft for RUB14.8bn.
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