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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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Shell to help Kazakhstan digitise geological data to boost exploration
Shell and Kazakhstan have reportedly agreed to develop a digital geoscience platform aimed at improving the assessment of the country's hydrocarbon resources and attracting greater investment into oil and gas exploration.
EIA cuts Azerbaijan 2027 oil output forecast, raises 2026 outlook as Azeri Light tops $100
Shell to work with Kazakhstan on analysing hydrocarbon data
Shell has signed a memorandum of cooperation with Kazakhstan’s energy ministry and the country’s national geological service on improving the analysis, processing, and use of hydrocarbon data.
SOCAR: What needs to happen to ship more gas to Europe
Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.
Azerbaijan's big gas push
Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.
Hyundai Engineering wins Karachaganak gas processing project in Kazakhstan
South Korea’s Hyundai Engineering (KRX: 000720) has reportedly been selected to participate in the construction of a gas processing facility at Kazakhstan’s Karachaganak field.
Azerbaijan tops BP's payments to governments in 2025
BP paid almost $10bn to the government of Azerbaijan – its biggest fiscal contribution compared with any other government.
Russian court claims Gazprom's nationalised German unit cannot continue arbitration in Switzerland
A Russian court has barred German firm SEFE Marketing & Trading from continuing arbitration proceedings against Russian gas supplier Gazprom in Switzerland.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Putin claims sanctions have accelerated Russia's development of domestic oil and gas tech
Russian President Vladimir Putin said Western sanctions had accelerated the development of domestic technologies in Russia’s oil and gas sector.
Russia's Gazprom extends gas supply deals with Serbia and Bosnia's Serb Republic
Russia’s Gazprom has agreed to extend gas supply contracts with Serbia and Bosnia’s Serb Republic, the company said last week following talks at the St Petersburg International Economic Forum.
Russia's SPIEF marked by absence of foreign oil and gas deals
SPIEF highlighted Russia’s global ties, but major foreign oil and gas deals were scarce.
EU approves Romanian pipeline changes to expand gas export options for Ukraine
Ukraine is set to gain more opportunities to secure natural gas supplies after the European Commission approved changes allowing Romania's gas transmission operator Transgaz to offer export capacity to Ukraine through key pipeline connections.
Malaysian PM suggests Petronas has chance of securing access to major Turkmenistan gas field
Malaysian national energy company Petronas has the possibility of securing access to a gas field in Turkmenistan described as among the largest in the world, according to Prime Minister Anwar Ibrahim.
US seeks stake in Azerbaijan's energy infrastructure as $8bn in deals sealed at Baku forum
Putin allows TotalEnergies to offload 10% in Arctic LNG 2 project
Russia's independent gas producer Novatek (NVTK) has received special presidential approval for its subsidiary Nordline to acquire TotalEnergies' 10% stake in the Arctic LNG 2 project.
Russian oil flows through Druzhba return to normal as Hungary and Slovakia resume Russian oil and gas imports
Russian crude oil deliveries to Hungary and Slovakia through the Soviet-era Druzhba pipeline returned to normal levels in May, marking the first full month of uninterrupted supplies since transit resumed in April after a dispute.
Absheron project may reshape Azerbaijan’s gas export strategy
SOCAR, TotalEnergies, XRG and BOTAŞ signed an agreement in Baku on 1 June on long-term gas supplies from the Absheron gas-condensate field to Turkey. The deal covers the supply of a total of 33bn cubic metres of natural gas from Azerbaijan to Turkey
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