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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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Putin warns Europe faces rising costs from excluding Russian gas
Russian President Vladimir Putin has warned that efforts to exclude Russia from international gas markets will increase energy costs for European businesses and households, arguing that the EU is damaging its own economic competitiveness.
Russia claims US interested in using Novatek LNG technology in Alaska
Russia and the US are discussing the potential use of Russian LNG technology for a liquefaction project in Alaska, according to Kremlin deputy chief of staff Maxim Oreshkin.
World Bank warns Russian gas phase-out could drive European prices higher
European gas prices could face further upward pressure as the EU phases out Russian supplies, with the World Bank warning that difficulties securing replacement volumes could intensify competition with Asia for LNG.
Kremlin urges Europe not to rule out return to Russian gas
The Kremlin has urged European countries not to permanently rule out resuming Russian gas imports, arguing that abandoning cheaper Russian supplies has damaged the continent's economic competitiveness.
First Oil investors face RUB8bn claim as Russian producer's financial crisis deepens
The collapse of a small Russian oil producer has triggered a multibillion-rouble legal battle involving Kazakh investors, highlighting the financial pressures facing independent operators amid sanctions, high borrowing costs and mounting debt.
Russia's fuel crisis spills into petrochemicals as feedstock shortages deepen
Russia's efforts to protect gasoline supplies are squeezing its petrochemical industry, with benzene and styrene shortages driving up prices and disrupting output. November could bring relief, but the market remains vulnerable to further refinery.
Russia says no talks underway on return of ExxonMobil and Chevron
Russia is not currently negotiating the return of US oil majors ExxonMobil and Chevron to its oil and gas projects.
Russia restricts access to oil export and refinery data
Russia has introduced restrictions on the disclosure of oil and petroleum product export data, refinery operations and fuel trading information, further limiting transparency in the country's energy sector.
Azerbaijan's crude exports to Switzerland triple but shipments stall
Azerbaijan's crude oil exports to Switzerland tripled in volume during the first nine months of 2026, although customs data indicate no additional shipments were recorded during August and September.
SOCAR Polymer exports fall despite growth in Azerbaijan's non-oil trade
Azerbaijan's SOCAR Polymer recorded a 4.8% year-on-year decline in export revenues during the first nine months of 2026, despite strong growth in the country's wider non-oil export sector.
Turkmenistan and Iran discuss expanded energy cooperation
Turkmenistan and Iran have discussed expanding cooperation in the energy sector, including opportunities for joint projects, as the two neighbours seek to strengthen economic ties.
Kazakhstan’s KazMunayGas receives first Chinese equipment for Zhanaozen gas plant
Kazakhstan's KazMunayGas has received the first shipment of Chinese-manufactured equipment for its new gas processing plant in Zhanaozen, marking another step towards completion of the 900mn cubic metre (mcm)-per-year facility.
Russian scientists develop process to convert plastic waste into gasoline and diesel
Russian scientists have developed a method of converting plastic waste into petrol and diesel using thermal cracking, potentially providing an alternative source of fuel components while reducing the amount of plastic sent to landfill.
Gazprom advances eastern gas expansion
The Russian gas giant is nearing completion of major Arctic and Far Eastern projects, although its pivot towards Asia remains constrained by export capacity, commercial uncertainties and China's bargaining power.
Moldova buys Ukrainian gas below European prices as winter costs surge
Moldova has secured its first natural gas supplies from Ukraine at prices below European market benchmarks, as Chisinau seeks cheaper alternatives to ease mounting energy costs ahead of the winter heating season.
Russa's Gazprom Neft deploys 200 software robots to automate business operations
Russia's Gazprom Neft has deployed more than 200 software robots across its operations, freeing up over 400,000 working hours over the past year through the automation of administrative processes.
Hungary turns to US as Russian gas dependence faces deadline
Budapest is seeking US support to diversify its energy supplies, but its heavy reliance on Russian gas, long-term contracts and infrastructure costs complicate the transition.
Ukrainian drones target Rosneft refinery as US-brokered strike pause falters
Ukraine reportedly struck a major oil refinery in Russia's Samara region on October 30, in an apparent resumption of attacks on Russian refining infrastructure following a temporary suspension secured under pressure from Washington.
Naturgy sees scope to continue Yamal LNG purchases despite EU ban
Spain's Naturgy sees opportunities to continue purchasing Russian LNG from the Yamal LNG project after the EU's import ban takes effect on January 1 2027.
Kazakhstan’s KazMunayGas partners with Spain’s Exolum to develop aviation fuel hub
Kazakhstan’s state-owned KazMunayGas has signed an agreement with Spain’s Exolum to develop aviation fuel infrastructure across the country, as Astana seeks to capitalise on its position between Europe and Asia and establish itself as a regional hub.
Russia's fuel crisis eases as refineries restart and Ukraine's strikes slow
Russian regions are lifting limits on petrol sales as Ukraine's drone strikes on refineries slow under US pressure and damaged plants come back online.
Uzbekistan’s natural gas output falls 16.4%, car production rises 9.2% in January–September
Russia's weekly seaborne crude export value hits wartime high of $2.76bn
Russia's seaborne crude exports were worth $2.76bn in the week to October 25, the most in a single week since the 2022 invasion of Ukraine.
EU gas storage stalls at record low as central Europe starts drawing down
EU gas storage has all but stopped filling at 74.9%, a record low for late October, with Austria, Slovakia and the Czech Republic drawing gas out for a second week.
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