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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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US is looking at question of how its sanctions are blocking Turkmenistan’s deal to supply gas to Iraq via Iran, says report
US officials are assessing the situation as regards the deal under which Turkmenistan wishes to supply Iraq with gas via Iran, an agreement that Baghdad says has been stymied by Washington sanctions on Tehran, Iraqi News reported on June 12.
Moscow court delays hearing till August on Shell-Sakhalin dispute
The Moscow Arbitration Court has postponed until August 25 a hearing in the high-profile lawsuit filed by Russia’s Prosecutor General’s Office against Shell, seeking over €1bn in damages relating to the Sakhalin-2 oil and gas project.
Kazakhstan records 15 fatalities in 11 major industrial accidents during January to May
Kazakhstan recorded 11 major accidents across the petrochemical, mining and energy sectors, as well as in facilities processing agricultural materials during January-May.
Gas blowout occurs near Kazakhstan's Zhanaozen, no casualties reported
A gas blowout at a drilling site near Zhanaozen in western Kazakhstan took place on June 10 during operations by contractor Petro NefteGazServis.
Kazakhstan's main oil export route CPC reduces daily pumping by 6% in May
The Caspian Pipeline Consortium (CPC) reduced daily oil pumping in May by 6% from April to 5.906mn tonnes (1.51mn barrels per day), Reuters reported on June 11 citing industry sources and its own calculations.
Gas crisis prompts Moldova's separatist Transnistria to extend economic state of emergency
President Vadim Krasnoselsky cited the worsening socio-economic crisis and severe energy shortages in the tiny breakaway republic.
Ukraine nears EU bioethanol quota in 2024 as exports surge
Ukraine nearly reached its full annual bioethanol export quota of 100,000 tonnes to the EU in 2024 for the first time since the EU-Ukraine Association Agreement was signed, reflecting a surge in production and improved logistics.
Turkmenistan’s growth slowed by 1.5 pp to 3% in 2024 on weak hydrocarbon exports, IMF mission concludes
Turkmenistan’s growth slowed by 1.5 pp to 3% in 2024 due to weak hydrocarbon exports, the International Monetary Fund said on June 10, reporting on its findings following an Article IV mission to the Central Asian country.
Kazakhstan's oil exports to Germany via Druzhba pipeline rise 48% in 5M25
Kazakhstan reportedly increased its oil exports to Germany via Russia's Druzhba pipeline by 48% y/y in the first five months of 2025, with the flow reaching 767,000 tonnes, or approximately 37,000 barrels per day.
Japan said to buy first Russian Sakhalin oil since invasion
The Japanese oil refiner Taiyo Oil bought Russian crude oil on a tanker that’s blacklisted by both the US Treasury and the European Union.
Kazakhstan's Kashagan oil field to undergo equipment upgrade in 2026 without halting production
Kazakhstan’s largest oil and gas field, Kashagan, is set for an equipment upgrade in 2026, Kursiv reported on June 9, citing the North Caspian Operating Company (NCOC), the field’s operator.
Nasdaq-listed Plug Power and Australia’s AGA team up for 2GW green fuel project in Uzbekistan
US-based Plug Power said on June 9 that it has expanded its partnership with Australia's Allied Green Ammonia (AGA) with an agreement to provide two gigawatts (GW) of electrolyser capacity for a sustainable fuels project in Uzbekistan.
Russia seeks to resume 5+2 talks on Transnistria, hints at new energy crisis
Fears Moscow could trigger a new energy crisis in separatist Transnistria if the pro-EU PAS wins Moldova's autumn general election.
Kazakhstan reduces gas flaring by 75% since 2012
Kazakhstan has reduced gas flaring by 75% over the past decade, the Clean Air Task Force (CATF) said in a statement on June 5.
Gazprom more than quadruples gas supplies to Uzbekistan in 2024
Gazprom increased its gas deliveries to Uzbekistan from 1.28bn cubic metres (bcm) in 2023 to as much as 5.64 bcm in 2024, according to a report from Interfax.
Russian oil sector posts $4bn 1Q25 loss as profits collapse ahead of April oil price slump
Russia’s largest oil producers have collectively reported a net loss of over RUB411.8bn ($4bn) in the first quarter of 2025, a dramatic reversal from the RUB475.7bn in profits posted during the same period last year.
BP's $2.9bn FID in Azerbaijan won't mean higher exports
Hopes are slim that Azerbaijan will be able to ramp up gas supply to Europe to 20 bcm per year as targeted for a number more years.
US investor Lynch in talks with Germany on taking over Nord Stream 2
Before relocating to Miami in 2019, Lynch lived in Moscow for two decades. During this time, he was involved in significant financial dealings, including the acquisition of a subsidiary of Yukos in 2007 and the Swiss division of Sberbank in 2022.
Leak reported at Druzhba pipeline in Belarus
The cause of the incident has not yet been determined, but the ministry said no oil products had entered any water bodies.
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