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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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Russia offers Niger nuclear deal as France loses influence
Russia has proposed building Niger’s first nuclear power plant, signalling a deepening partnership in civilian atomic energy and challenging France’s longstanding role after Niamey seized and nationalised some uranium assets.
ExxonMobil held secret Kremlin talks on a return to the Russian market
US oil major ExxonMobil held secret talks with the Kremlin on a possible return to working in Russia, the Wall Street Journal reports
Russian thermal coal exports recover in 1H25
COMMENT: Can Russia weather Ukrainian drone attack fuel crisis?
Russia is once again navigating a familiar crisis: surging gasoline prices, empty fuel pumps, and mounting pressure on its domestic supply system. This is not the first time Russia has faced a fuel crisis, but this one is especially bad.
EU commits to huge increase in energy imports from US - Statista
One of the key components of the trade deal that the European Union and the US agreed upon on July 27 is the EU’s commitment to massively ramp up energy imports from the United States, Statista reports.
Azerbaijan, Iran agree to extend gas supply for Nakhchivan
Russia’s Gazprom and Mongolia ink memorandum on deepening partnership in oil and gas
Russia’s Gazprom and Mongolia have signed a memorandum of cooperation on deepening partnership in the oil and gas sector, the Russian energy giant said on August 26.
Ukraine’s Naftogaz and Norway’s Equinor sign cooperation memorandum
Ukraine’s state-owned energy company Naftogaz said it had signed a memorandum of cooperation with Norwegian oil and gas major Equinor aimed at sharing expertise and exploring joint projects.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Kazakhstan pursues $4.4bn fine against Kashagan oilfield consortium
A regional ecological department of Kazakhstan is reportedly pressing ahead with a fine of about $4.4bn against the North Caspian Operating Company (NCOC), the international consortium developing the Kashagan oilfield.
Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025
Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025
Russian gas major Novatek to pay 2024 and 1H25 dividend
The board of Russian natural gas major Novatek recommended an interim dividend of RUB35.5 per ordinary share for 1H25, according to the announcement of the company.
War of words escalates between Budapest Brussels and Kyiv following the latest Druzhba oil pipeline attacks
US President Donald Trump is very angry with Hungarian Prime Minister Viktor Orban over the attacks on Russia’s Druzhba oil pipeline that lead to an exchange of irate letters over the weekend.
Russian President Putin signs a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project
Russian President Vladimir Putin has signed a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project, opening the door for renewed US-Russia energy cooperation days before the start of the Alaska summit.
Ukraine has made Russia’s refining sector a strategic liability
Russia’s ability to produce fuel is under attack. In the Far Eastern region of Primorye, kilometre-long queues at filling stations have already appeared and petrol prices are soaring as a fuel crisis gathers momentum.
Russian oil deliveries to Hungary off again after third attack on Druzhba pipeline as Ukraine ups attacks on Russian oil assets
Russian crude deliveries to Slovakia and Hungary were suspended on August 21 after a third attack on the Druzhba pipeline system in less than two weeks, officials confirmed. Flows are expected to remain offline for at least five days.
Ukraine hits Russia’s Druzhba oil pipeline again with drones
Ukraine has carried out another strike on the Druzhba oil pipeline, hitting the Unecha oil pumping station in the latest of a series of incidents targeting the Soviet-era pipeline.
Falling Caspian Sea levels hit Azerbaijan’s oil shipments
Rapid declines in the level of the Caspian Sea are disrupting oil shipments, increasing logistics costs and endangering vulnerable marine life, Azerbaijani officials and scientists said.
Ukrainian drone strikes on Russian refineries drive up petrol prices, shortages looming
Russian wholesale gasoline prices are soaring to record levels following a series of Ukrainian drone strikes on critical refinery infrastructure. Analysts warn that Russia is facing fuel shortages in the coming weeks, Meduza reported on August 21.
Ukraine in talks with Azerbaijan over gas imports for 2025
Novatek’s Murmansk LNG plant delayed to 2032 amid sanctions and infrastructure setbacks
Kazakhstan to pursue reinstatement of $4.4bn fine against Kashagan operator
Authorities in Kazakhstan plan to resume efforts to impose a multibillion-dollar fine on the operator of the country’s 2nd-biggest oilfield Kashagan after a local court annulled the original decision to penalise the consortium led by Eni & Shell.
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