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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 thermal coal export prices could drop by 20% by 2028
Russian thermal coal export prices could decline by 10%–20% from June 2026 levels by the end of 2028, depending on the export route
Jade executes collaboration agreement with three Chinese partners for coal bed methane project at Red Lake, Mongolia
ade Gas Holdings (ASX: JGH), a gas developer focused on the coal bed methane (CBM) potential of Mongolia, said on July 20 in a press release that it has executed a non-binding collaboration agreement.
Three tankers involved in CPC operations hit on Black Sea over weekend, Kazakhstan condemns attacks
The Caspian Pipeline Consortium (CPC), which carries 80% of Kazakhstan’s oil exports to the Russian Black Sea coast for shipping, said that two oil tankers, ASIA and NISSOS IOS, came under attack while loading crude oil on July 19.
Moldovan energy trader seeks 45% increase in regulated natural gas price
Moldova's state-owned gas trader Energocom has asked the National Agency for Energy Regulation (ANRE) to approve a 45% increase in the regulated natural gas tariff for household consumers, citing higher import costs and financial deviations.
Naftogaz's supervisory board appoints new acting chairman
Fedorenko takes charge as Naftogaz works to rebuild damaged oil and gas infrastructure, secure sufficient gas stocks and prepare for the next winter amid continued Russian attacks.
KMG, Sinopec to start surveying at Kazakh oil and gas block this year
The companies plan to carry out 900 linear km of 2D seismic work at the block in the West Kazakhstan region.
Ukraine's Naftogaz reports another Russian strike on gas production facility in Kharkiv
The company said it could not yet determine the scale of the damage because of the continuing threat of further strikes. It did not identify the facility or disclose how much production had been taken offline.
Ukraine attacks three more refineries in five days
Ukraine has attacked three Russian oil refineries and a fuel depot in five days, intensifying a campaign that is already disrupting refining operations and straining domestic petroleum product supplies.
Transneft raises dividends for 2025 despite steep fall in profits
The decision was taken by the company’s sole voting shareholder, state property agency Rosimushchestvo.
More than 150 Russian filling stations put up for sale over past month amid fuel crisis
Independent stations have been particularly exposed to Russia’s recent fuel squeeze because they lack their own refining capacity and must buy products on the SPIMEX exchange, directly from refineries or through traders.
Russian gasoline prices see further rise in week ending July 17
Ukraine is waging a relentless drone strike campaign against Russian oil refineries, forcing the country to stop importing fuel and introduce a range of policy measures to alleviate the supply crisis.
Two oil exploration firms put up for sale in Russia's Komi region for $30mn
The companies hold the Yermolovsky and Visovsky licences respectively, both of which currently run until the end of 2028.
Kazakhstan rules out sending oil to Germany via Druzhba in July and August
The ministry described the disruption as temporary and said Kazakhstan remained committed to diversifying its oil export routes to European markets.
Discount on Russia's Urals oil widened in first half of July but could shrink again as US-Iran conflict once more escalates
As the US-Iran conflict is now escalating once more, the discount could shrink during the remainder of this month and Urals could even regain its premium.
Gazprom Export wins Russian court case against Austrian gas pipeline operator TAG
Gazprom Export has won a Russian court case against Austrian pipeline operator TAG over 12 disputed invoices, in one of dozens of legal proceedings spawned by the collapse of Russia’s once-vast pipeline gas trade with Europe.
Russia extends "import damper" subsidies to diesel to attract more overseas supplies amid fuel crisis
The Russian government approved proposals on July 17 to extend its “import damper” subsidy mechanism to diesel, as refinery outages and peak seasonal demand place growing pressure on domestic fuel supplies.
Ukraine seeks long-term US LNG partnership to bolster winter gas supplies
Ukraine's state energy company Naftogaz has agreed to pursue a long-term partnership with US-based Argent LNG to supply American liquefied natural gas LNG, as Kyiv seeks to strengthen energy security and secure fuel supplies ahead of winter.
Drones strike tankers at CPC oil terminal in Russia
The Caspian Pipeline Consortium suspended crude loadings at its Russian Black Sea terminal on July 19 after drones struck two tankers during loading operations, marking the third attack on a CPC-linked vessel in two days.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Growth in Azeri gas exports barely change in H1 despite Baku's high ambitions
Azerbaijan’s natural gas exports barely grew in the first half of this year, despite the country adding new European buyers and promoting itself as an increasingly important alternative supplier to Russia.
Georgia's Batumi oil terminal resumes jet fuel imports after eight-year hiatus
The Batumi oil terminal in Georgia has resumed handling jet fuel after an eight-year break, receiving an initial 10,000-tonne cargo from Europe for onward transport to Kazakhstan.
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