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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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Kazakhstan targets $19bn investment to boost oil refining capacity to 39mn tonnes by 2040
Kazakhstan plans to expand its oil refining capacity to 39mn tonnes per year by 2040 under an updated Concept for the Development of the Oil Refining Sector, The Times of Central Asia reported on October 6, citing the Ministry of Energy.
Russia struggles to restore gas payments to Moldova’s separatist Transnistria region
Russia is seeking a new intermediary to facilitate payments for natural gas deliveries to Transnistria after European banks reportedly blocked financial transfers routed through Dubai.
Oil tanker known to deliver crude to Israel reportedly set to depart Turkish port
An oil tanker known to often deliver crude oil to Israel is poised to depart the Turkish Mediterranean port of Ceyhan for an "unknown destination", Middle East Eye reported on October 6.
Hungary revisits prospect of importing Turkmen gas but obstacles are many
Hungary is revisiting the prospect of importing natural gas from Turkmenistan but the lack of infrastructure to make that plausible remains a big obstacle.
Russian oil and gas budget revenues slump by quarter in Sept
Russia’s federal budget oil and gas revenues fell 24.5% year on year in September 2025 to RUB582.5bn ($7bn), though receipts increased 13.3% compared with August.
Polish court extends arrest of Ukrainian accused of blowing up Nord Stream pipelines
A Warsaw district court has extended the detention of a Ukrainian national suspected of involvement in the 2022 explosions that damaged the Nord Stream 1 and 2 gas pipelines.
Afghanistan grants Uzbek firm Eriell rights to a gas field
Afghanistan has granted Uzbek oil and gas firm Eriell the right to explore and produce hydrocarbons on its territory, marking a new stage in energy cooperation between the two neighbours.
Russian LNG exports to EU down 7% in 9M
Russia faces one of worst fuel crises in decades
Twenty-one of the country’s 38 large refineries have been attacked since January.
Kazakhstan expected to sustain annual oil production above 100mn tonnes
Kazakhstan is projected to lift its annual oil output to 100mn tonnes in the coming years and maintain that level over the long term, The Times of Central Asia reported on October 3.
Turkey’s TPAO preparing to sign contract to operate two oil fields in Kazakhstan
Turkey’s state-owned energy company, Turkish Petroleum Corporation (TPAO), is preparing to sign a new contract to operate two oil fields in Kazakhstan, according to its chief executive Ahmet Turkoglu, Daily Sabah reported on October 3.
Prominent Russian propagandist accuses Kazakhstan of Orsk refinery strike
A prominent Russian TV propagandist accused Kazakhstan of involvement in a drone strike on a Russian oil refinery and called for a punitive operation against the Kazakh capital, EuroMaidanPress reported on October 3, citing his Telegram posts.
Kazakhstan's Tokayev calls climate initiatives "massive fraud”, advocates greater coal reliance
Kazakhstan’s President Kassym-Jomart Tokayev shocked observers by dismissing international climate initiatives as a “massive fraud” and advocating greater reliance on coal, Vlast.kz reported on October 2.
Turkey’s energy minister says purchasing Russian oil a commercial decision for private company refineries
Turkey’s energy minister Alparslan Bayraktar on October 2 said that purchasing Russian oil is a commercial decision made by private company refiners.
Russia’s Arctic LNG 2 raises production to record high
Russia’s heavily-sanctioned Arctic LNG 2 facility has increased production to record levels.
Russia’s oil and gas revenues fall 25% in September, deficit seen rising
Moscow faces fiscal pressures as it grapples with declining energy income and rising spending.
Kazakhstan ships 180,000 tonnes of oil to Germany via Druzhba pipeline in September
Kaztransoil, the operator of the Russian section of the Druzhba pipeline, said on October 2 that Kazakhstan exported 180,000 tonnes of oil to Germany through the route in September, Reuters has reported.
Kazakhstan’s Karachaganak oil output falls sharply during Russian plant maintenance
Oil production at Kazakhstan’s Karachaganak field reportedly dropped to 200,000 barrels per day (bpd) in September, down from 264,300 bpd in August, as maintenance work at Russia’s Orenburg gas processing plant (GPP) constrained output.
Russian petchem firm Sibur approves dividend for H1
Russian petrochemicals major Sibur has approved dividend payments for the first half of 2025.
SOCAR signs partnership with SLB on redevelopment of Caspian oil fields
SOCAR signs partnership with SLB on redevelopment of Caspian oil fields
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Russian petchem firm Sibur approves dividend for H1
Russian petrochemicals major Sibur has approved dividend payments for the first half of 2025.
Kazakhstan predicts boost in oil exports to Germany
Kazakhstan expects to boost oil exports to Germany this year to around 1.7mn tonnes (34,000 barrels per day), up from 1.5mn tonnes in 2024.
Russia eyes first gas from Sakhalin-3 in 2028
Russia is expected to begin natural gas production at the long-delayed Sakhalin-3 development off the coast of the Far East in 2028.
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