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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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World powers cannot let Black Sea become new front in Russo-Ukrainian war, says Turkey’s foreign minister
World powers must not allow the Black Sea to be turned into a new front in the Russo-Ukrainian War, Turkish Foreign Minister Hakan Fidan said on October 8.
India cuts Russian oil purchases as recovery in Middle East flows erodes Moscow's edge
Canada’s Condor increases funding for Uzbek gas and Kazakh LNG projects to up to C$70mn
Armenia would rather pay market price than political price for Russian gas, says finance minister
Armenia is prepared to move to market-based pricing for Russian natural gas because subsidised supplies that provide cheap energy end up costing the country politically and economically, according to Finance Minister Vahe Hovhannisyan.
Rosatom consolidates transportation Delo Group for $0.9bn
EIA raises Azerbaijan 2027 oil output forecast to 530,000 barrels a day
The US Energy Information Administration (EIA) forecasts Azerbaijan's average oil production in 2027 at 530,000 barrels a day, up 10,000 barrels a day from its September projection of 520,000 barrels a day.
Kazakhstan, Oman sign eight agreements, discuss deeper economic ties
Kazakhstan and Oman signed eight agreements covering investment, transport, finance and energy during Sultan Haitham bin Tariq Al Said’s state visit to Astana on October 5.
TMK says gas rates continue to rise at Gurvantes XXXV pilot well project in Mongolia
TMK Energy (ASX:TMK) on October 6 announced in a stock exchange filing that daily gas production continues to increase at its 100%-owned Gurvantes XXXV Pilot Well Project in Mongolia.
Azerbaijan’s SOCAR completes first 3D OBN seismic survey at Gunashli oilfield
Azerbaijan’s SOCAR has completed its first 3D ocean-bottom node seismic survey in the Caspian Sea, targeting the shallow-water section of the mature Gunashli oilfield.
Shareholders in Russia’s Novatek approve RUB35.5 interim dividend
Shareholders in Russia’s Novatek have approved an interim dividend of RUB35.5 ($0.42) per share for the first half of 2026, unchanged from the payout for the same period last year.
Uzbekistan cuts gas exports as fuel imports rise
Uzbekistan’s natural gas export revenues fell 34.8% year on year to $322.3mn in January-August 2026, as declining domestic production increased pressure on the country’s energy balance.
Russia moves to open offshore sector to private oil companies
Russia’s natural resources ministry has proposed opening the country’s continental shelf to a wider group of domestic oil and gas companies, seeking to accelerate development of vast offshore resources.
Kazakhstan’s KMG to deploy digital twins at 12 oilfields by 2028
Kazakhstan’s KazMunayGas plans to introduce AI-powered digital twins at 12 oilfields accounting for more than 90% of the group’s production by the end of 2028.
Azerbaijan says refining capacity reaches 600,000 bpd
Russian court jails man for 2023 sabotage at Kuybyshev refinery
A Russian military court has sentenced a Samara resident to 23 years in prison for carrying out a 2023 bombing at Rosneft’s 140,000 barrel-per-day Kuybyshev refinery, highlighting the security threat posed to Russian energy infrastructure.
Tanker owners turn to counter-drone systems as maritime attacks mount
Shipping companies are increasingly installing counter-drone systems on commercial vessels as attacks in the Middle East and Black Sea push security risks — and the cost of operating on exposed routes — to unprecedented levels.
NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia
NaftaGaz starts drilling at Gazprom Neft’s Ignyalinskoye field in Russia
Russia's budget suffers 17% dip in oil and gas revenues in Jan-Sept
Russia’s oil and gas revenues are falling despite higher crude prices, as lower output, a stronger ruble and record fuel-damper costs erode the fiscal benefit.
Uzbekneftegaz strikes gas condensate in Uzbekistan's Ustyurt region
Uzbek state oil company Uzbekneftegaz has discovered a new gas condensate field at Karatau in Uzbekistan’s Ustyurt region.
Uzbekistan's gas import bill climbs 15% as output slides 16%
Uzbekistan spent $1.21bn on gas imports in January-August, with the figure up 15.2% year-on-year, while its own natural gas production fell 16.3% to 24.2bn cubic metres.
Uzbekistan’s gas output slides 16% y/y as auto production climbs 9% in Jan-Aug
Uzbekistan’s natural gas production fell 16.3% y/y to 24.2bn cubic metres (bcm) in January-August, even as overall industrial production increased 8% to UZS 926.5 trillion ($78.8bn), according to the national statistical committee.
Ukraine says strikes have damaged 51% of Russia's refining capacity
"Damaging 51% of Russia's oil refining capacity is a serious blow to the enemy's economy, its ability to wage aggression, and to supply its forces," Defence Minister Yevhen Khmara said.
Kazakhstan to launch fourth oil refinery by 2033
Kazakhstan plans to bring a fourth major oil refinery into operation by 2033, Daulet Arykbayev, director of the Oil Transportation and Refining Department at the Energy Ministry, has said.
Tajikistan starts taking Iranian oil as Russian fuel supply falters
Tajikistan has begun receiving Iranian oil and fuel as Russian supplies falter, putting Dushanbe in the path of US sanctions on Iran's petroleum trade.
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