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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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Chevron fund to invest $10mn in Kazakhstan’s sole bioethanol producer
Chevron Direct Investment Fund (CDIF) will invest $10mn in BioOperations, Kazakhstan’s only bioethanol producer, to support the expansion of its manufacturing capacity and the creation of new jobs.
Kazakhstan boosts oil refinery output by 10.8% in first four months of 2025
Kazakhstan’s oil refineries processed 6.092mn tonnes of crude oil between January and April, reflecting a 10.8% y/y increase.
Azerbaijan’s oil output down 5.4% y/y in January–April, while gas production inches up
Azerbaijan’s oil output down 5.4% y/y in January–April, while gas production inches up
Oil and gas pipeline transport and investment decline in Azerbaijan in January–April 2025
Oil and gas pipeline transport and investment decline in Azerbaijan in January–April 2025
Condor Energies reports 1Q growth, expands LNG and critical minerals portfolio in Central Asia
Canadian energy transition company Condor Energies has reported a 6% increase in production and revenue in the first quarter of 2025 from its operations in Uzbekistan, alongside new strategic developments in Kazakhstan LNG and critical minerals.
Kazakhstan exceeds OPEC+ quota in April despite 3% drop in oil output
Kazakhstan's crude oil production reportedly fell by 3% m/m to 1.82mn barrels per day (bpd) in April.
Eurasia a significant source of methane emissions – report
Russia and Turkmenistan are primary offenders.
Kazakhstan’s CPC oil exports to fall in May amid pipeline maintenance
Kazakhstan’s oil exports via the Caspian Pipeline Consortium (CPC) are reportedly expected to decline in May, with CPC Blend shipments set at 1.5mn barrels per day (bpd), or roughly 6mn tonnes for the month.
Kazatomprom secures KZT85bn loan for sulphuric acid plant in Turkestan region
The world’s biggest uranium producer Kazatomprom has announced the signing of a KZT85bn ($188mn) credit line agreement with Development Bank of Kazakhstan to fund the construction of a sulphuric acid production facility.
UK sanctions Azerbaijani state-owned tanker and oil traders over alleged Russian sanctions evasion
Azerbaijan’s industrial output down 2.2% in January–April as oil and gas production falls
Azerbaijan’s GDP grows 0.9% in January–April as oil sector contracts and investment declines
EU eyes sanctions on Surgutneftegaz, Lukoil unit and Russian insurer in next package
The EU is considering the inclusion of Russian oil producer Surgutneftegaz, insurance firm VSK, and Litasco Middle East, a subsidiary of Russian oil firm Lukoil, in its 17th package of sanctions against Russia.
Ukraine pledges $48mn in annual payments to joint subsoil fund with US
The Ukrainian government plans to allocate up to UAH2bn ($48mn) annually to a future US-Ukrainian subsoil fund.
Putin, Xi pledge to fast-track progress on Power of Siberia 2 pipeline
Russian President Vladimir Putin and Chinese President Xi Jinping have instructed their respective government officials to fast-track the development of the Power of Siberia 2 gas pipeline project.
Russia sees sharp fall in oil reserves replacement
The growth in Russia's oil reserves, including gas condensate, dropped by 9% in 2024 to 516mn tonnes, matching the country's oil production for the year.
Serbia seeks favourable new gas deal with Russia
Serbia has reached a preliminary agreement with Russia on a new natural gas deal under favourable terms, as the country’s existing contract with Gazprom nears expiration at the end of May.
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor,
Kazakhstan must prepare for oil revenue shortfall as Brent price drops, economist warns
Kazakhstan faces an urgent need to reform its fiscal and economic policies as global oil markets signal a decline in profitability, economist warns.
Posted documents show Eni deliveries of Russian gas to Turkey
Italy’s Eni last year delivered Russian gas to Turkey.
US investment firm eyes stake in Russian gas pipeline to EU via Bulgaria
Elliott Investment Management, one of the most influential US investment firms, is in early-stage talks to acquire a stake in a package of infrastructure assets, including part of the pipeline transporting Russian natural gas to the EU via Bulgaria.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Kazakhstan reportedly intends no cuts to oil output in May despite OPEC+ tensions
Kazakhstan’s Ministry of Energy has confirmed that the country has no intention to reduce its crude oil and condensate production in May, maintaining output at levels consistent with April and exceeding those recorded in March.
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