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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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Ukraine and Romania to receive US LNG via Greece from 2026
Ukraine and Romania are set to begin receiving US liquefied natural gas (LNG) shipped through Greece from 2026, as Athens accelerates plans to become a regional gas hub and Europe seeks to phase out Russian energy imports.
Ukraine’s PrivatBank lends Naftogaz UAH $125mn to finance winter gas imports
Ukraine’s largest state-owned bank PrivatBank has issued a new UAH5bn ($125mn) loan to Naftogaz to help finance gas imports needed to secure the country’s heating season
TurkStream operator moves to Hungary to escape asset seizure
Shah Deniz consortium awards $156mn construction contract for SD Compression project
Russia approves Far East liberalisation for hydro major RusHydro
The Russian government approved the gradual liberalisation of electricity and capacity prices for hydroelectric power plants in the Far East.
Hungary's MVM vows to cover domestic gas demand if Russian supply ceases
Hungary’s state-owned energy group MVM will be able to cover the country’s gas needs even if Russian imports cease.
Putin authorises sales involving Rosneft-Shell JV in Caspian Pipeline Consortium
Russian President Vladimir Putin has authorised potential transactions involving the joint Rosneft–Shell stake in the Caspian Pipeline Consortium.
Russia to triple gas exports to Kazakhstan by 2028
Rosneft oil cargo arrives in China after long detour
CPC oil exports to remain at half capacity until at least December 11 after drone strike
Kazakhstan’s Caspian Pipeline Consortium (CPC) will reportedly not be able to restore full export capacity until at least December 11.
Viktor Orban thanks Turkey for securing route for Russian energy exporters to Hungary
Western majors lobbying Ukraine to stop attacks on CPC oil export route, says analyst
Kazakhstan agrees new deal to pipe crude to China in response to drone raid that damaged Black Sea shipment terminal.
Bashkortostan plans to sell 6.4% stake in Russian regional oil major Bashneft
The government of Russian republic of Bashkortostan could start selling off its 25% in the regional oil major Bashneft controlled by Rosneft
Ukraine's Black Sea attacks may prove counter-productive
Ukraine’s extension of the conflict into the wider region risks fuelling tensions with its neighbours.
Russian LNG exports to EU soar in November despite looming ban
Russian LNG exports to the EU rose sharply in November as seasonal demand lifted imports, even as Brussels prepares to phase out Russian LNG under upcoming sanctions.
Moscow court rejects Dubai order in €7.5bn Wintershall dispute
A Russian arbitration court has ruled that orders issued by a Dubai court supporting Wintershall Dea's €7.5bn ($8.7bn) investment dispute with the Russian state breach fundamental principles of international law and cannot be enforced in Russia.
Russia sees sharp rebound in fuel oil exports in November
Russia sharply increased seaborne exports of fuel oil in the second half of November, offsetting a steep downturn earlier in the month as several refineries returned from planned and emergency maintenance.
Russia faces difficulties keeping Arctic LNG-2 gas flowing
The combination of climatic constraints, discounted sales and a shrinking pool of friendly terminals underscores Russia’s high cost of keeping sanctioned LNG flowing.
Orlen deepens energy cooperation with Ukraine as fuel conferences return to Kyiv and Warsaw
Polish energy group Orlen has strengthened its role as a key fuel supplier and strategic partner for Ukraine, as the region continues to grapple with challenges stemming from Russia’s ongoing invasion.
Three Kazakh senior managers at Batumi Oil Terminal detained on suspicion of selling undeclared crude
Three Kazakh citizens working as senior managers at Batumi Oil Terminal on the BlackSea coast in Georgia have been detained on suspicion of participating in a large-scale scheme to sell undeclared crude.
COMMENT: Putin's India visit concludes with multiple promises of deeper cooperation
While the two sides inked over 16 agreements, a clear pivot towards high-technology sectors, critical minerals, and joint manufacturing ventures dominated much of the agenda.
How Kazakhstan and Western oil major partners could take $27bn yearly hit from Ukraine’s drone attacks on Black Sea port
Moscow, on the other hand, might lose a mere $0.6bn annually, argues analyst.
Ukraine sells 20-year licence for Lviv-region gas field for $2.7mn
Ukraine has sold a 20-year licence for the development of a gas-bearing area in the Lviv region for UAH110mn ($2.7mn), with proceeds directed to the state budget and partly earmarked to support the US-Ukrainian Investment Fund for Reconstruction.
Kazakh oil output drops after CPC drone strike
Kazakhstan’s combined oil and condensate production reportedly fell 6% in the first two days of December after a Ukrainian drone attack damaged the Caspian Pipeline Consortium’s (CPC's) Russian Black Sea terminal.
Romania opts for supervision only of Lukoil refinery during ownership transfer
Romanian authorities will supervise but not manage operations at Lukoil’s Petrotel refinery while the Russian group seeks a buyer for the asset, an emergency ordinance adopted this week states.
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