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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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Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Russia appears to use pipeline to supply gas to Uzbekistan via Kazakhstan.
Kazakhstan reviews its big oil contracts looking for a better deal
COMMENT: Kazakhstan is reviewing its big oil contracts Kazakhstan has begun laying the groundwork for a revision of the contracts it signed with big oil in the 1990s when the country was flat on its back.
Can India dump Russian oil imports completely if Trump’s secondary sanctions appear?
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.
OSCE sets out to help Turkmenistan fulfil Global Methane Pledge commitments
A “Standard on oil and gas methane” developed by an international expert has been presented by the Organization for Security and Co-operation in Europe’s OSCE Centre in Ashgabat to state concerns Turkmengas and Turkmenoil.
Syria inaugurates Azerbaijan gas pipeline through Turkey
Syria has inaugurated a regional gas transmission line linking the country with Azerbaijan through Turkey.
India to continue buying Russian oil despite Trump's threats
Indian officials have said they would keep purchasing oil from Russia despite threats of penalties from US President Donald Trump.
Leading Kazakh business figures unite to form Kazakhstan Investors Union
Kazakhstan’s most prominent business leaders have established a new organisation, the Kazakhstan Investors Union (KIU), aimed at improving the investment climate and advancing the country’s economic development, Kursiv reported on July 31.
Mongolia-focused and ASX-listed Jade Gas considers Hong Kong dual listing
ASX-listed Jade Gas—an exploration company that is focused on the coal bed methane (CBM) gas project in the Tavantolgoi basin in Mongolia’s South Gobi region (the TTCBM Project)—said on July 31 it is considering a dual listing in Hong Kong.
Czech Republic receives contaminated Azeri oil shipment
Czech authorities are investigating the delivery of a cargo of Azeri crude oil found to contain excessive levels of organic chlorides, raising concerns over potential refinery damage and disruptions to supply.
Kazakhstan continues talks to expand Russian oil transit to China
Kazakhstan is continuing negotiations with Russia aimed at increasing the volume of Russian crude oil transiting through its territory to China.
Kazakhstan pushes ahead with refining overhaul plans
Kazakhstan is planning a major overhaul of its downstream sector that would see the country’s oil refining capacity double in the coming years, according to senior government officials.
Indian refiners reportedly stop buying Russian oil
The suspension, which reportedly began last week, follows mounting pressure from the US and other G7 nations warning of secondary sanctions against buyers circumventing the $60 per barrel price cap on Russian oil.
Novatek suffers steep fall in profit in H1
Russian gas producer Novatek reported a 34% drop in net profit attributable to shareholders under IFRS for the first half of 2025, despite higher revenues and increased hydrocarbon production.
Russia's Gazprom narrows losses in H1
Russia's state-controlled gas giant Gazprom reported a net loss of $121mn for the first half of the year.
Uzbekistan's fuel imports not impacted by Russia’s gasoline export ban, says energy ministry
Czech refineries receive contaminated oil from Azerbaijan
Czechia has received a shipment of contaminated crude oil from Azerbaijan containing organic chlorides that exceed permissible limits, according to a report by RIA Novosti on July 30.
Iraq ready to import Turkmen gas to tackle power shortages
Iraq announced that it has finalised all technical and logistical arrangements to begin importing natural gas from Turkmenistan, in a move aimed at addressing the country’s chronic electricity shortages.
COMMENT: Can energy markets effect secondary tariffs on Russia?
If Donald Trump follows through on threats to impose sweeping secondary tariffs on buyers of Russian energy, global energy markets will face price hikes, even if the other producers can cover Russia’s export volumes at a push.
Ukraine moves to boost energy resilience and cut green tariff debt
Ukraine’s government has approved new measures to revitalise the country’s war-strained energy sector, including the simplification of procedures for restoring gas transportation infrastructure and power lines.
Naftogaz signs first deal with SOCAR for Azerbaijani gas via Trans-Balkan route
Ukraine’s state-owned energy company Naftogaz has signed its first agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s state oil company SOCAR, to purchase Azerbaijani natural gas.
ASX-listed TMK Energy commences drilling on seventh Lucky Fox well at Gurvantes XXXV coal seam gas project in Mongolia
ASX-listed TMK Energy on July 28 announced that drilling has commenced on a seventh well, the Lucky Fox - 07 (LF-07) pilot production well, at the Gurvantes XXXV coal seam gas (CSG) project in Mongolia.
Uzbekistan brings SOCAR on board as upstream partner
Uzbekistan has signed a PSA with Azerbaijan’s state oil company SOCAR for joint exploration and development of oil and gas resources in the former country’s Ustyurt plateau region.
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