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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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Serbia seeks new gas contract with Russia ahead of May deadline
Serbia is negotiating a new long-term gas contract with Russian energy giant Gazprom as it prepares for the expiration of its current three-year supply agreement in May 2025.
Kazakhstan in active talks on securing Russian gas supply
Kazakhstan’s energy ministry said on March 2 it is in active negotiations with Russia’s Gazprom on receiving up to 10 bcm of Russian gas annually to support the gasification of the country’s northern and eastern regions.
Russia increases subsidy for gas-powered trucks
The Russian government has decided to increase subsidies for truck owners transitioning from traditional fuels to natural gas.
US explores reactivating Nord Stream 2 as investors target Russian assets
The United States is working on a plan to restart the Nord Stream 2 gas pipeline as part of broader efforts to reset relations with Moscow and use energy as leverage in potential Ukraine peace talks.
Karachaganak operator to move forward with final investment decision on gas processing facility
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
Russian gas production falls 3.1% in January
Russian natural gas production fell by 3.1% year on year to 64.8bn cubic metres in January 2025, marking the first annual decline in a month since mid-2023.
Bazhenov: Russia's answer to US shale oil
Bazhenov is vast, spanning some 1mn square km of Western Siberia, making it one of the largest unconventional oil-bearing formations in the world.
Russian LNG exports down 7.3% in January
Russia's LNG exports fell by 7.3% year-on-year to 5.1mn tonnes in the first two months of 2025, according to preliminary data from LSEG on February 28.
Russia extends petrol export permits for producers to August
The Russian government has extended petrol export permits for refiners and oil producers until the end of August 2025, according to Interfax.
Kazakhstan plans to boost oil export in 2025
Kazakhstan plans to increase its oil exports from 68.6mn tonnes in 2024 to 70.5mn tonnes in 2025, driven by the expansion of the Tengiz field, the country’s largest oil and gas operation, Kursiv reported on February 27.
TSX-listed Condor Energies increases Uzbekistan output to 12,004 boepd
Condor Energies increased its daily gas and condensate production in Uzbekistan to 12,004 barrels of oil equivalent per day (boepd).
Kyrgyzstan to commission new oil refinery in spring
Kyrgyzstan, seeking to cut its reliance on fuel imports, is set to commission a new oil refinery in Kadamjay district in the southwestern region of Batken in the spring, according to local media reports.
Azerbaijan and Somalia agree to boost cooperation in oil and gas exploration
Azerbaijan and Somalia have signed a Memorandum of Understanding (MoU) on oil and gas cooperation, marking a step towards closer energy ties.
Naftogaz secures Norwegian financing for gas purchases as private traders enter market
Ukraine’s state energy firm Naftogaz has secured external financing for gas imports, while private energy traders are also ramping up their involvement in the country’s energy supply.
Chevron appoints new Tengizchevroil managing director
Chevron is set to appoint a new managing director at Tengizchevroil (TCO), Kazakhstan’s largest oil producer, in which it holds a 50% stake and serves as operator.
Kazakhstan to integrate over 600 MW of renewable energy capacity in 2025
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions, Kursiv reported on February 26, citing Kanat Sharlapaev.
Kazakh oil exports via CPC pipeline remain on schedule despite Ukrainian drone strike damage
Kazakhstan’s oil exports remain on schedule via the CPC pipeline running to the Russian Black Sea coast, despite recent damage caused to a key pumping station in Russia’s Krasnodar region following a Ukrainian drone attack.
ICC rules Gazprom must pay CZK1bn to Czech CEZ
Russian petrochemical major Sibur posts $2.2bn profit for 2024
Russian petrochemical major Sibur posted 8% year-on-year growth in IFRS revenues to RUB1.17 trillion, with EBITDA down by 2% y/y to RUB477bn and net income up by 16% y/y to RUB186bn ($2.2bn).
Russia and China remain rivals in the Arctic, and now the US is knocking at the door
Russia and China’s “no limits” partnership has strengthened considerably over the past three years. They have been driven together by the geopolitical clash between East and West. But there is one place they remain rivals: the Arctic.
KSE: Most of Russia’s shadow fleet operates outside Western insurance system
Tankers carrying Russian oil are significantly less likely to have IG P&I insurance, finds a new KSE Institute report.
Turkey negotiating to extend Turkmen gas supply deal to five years
Turkey is negotiating to extend its new agreement for gas supplies from Turkmenistan to a contractual length of five years, according to Turkish Energy Minister Alparslan Bayraktar.
Rosneft overtakes ExxonMobil to take fourth slot in global energy ranking
Russia’s biggest state-owned oil major Rosneft has overtaken ExxonMobil to take the fourth slot in the Energy Intelligence Top 100: Global NOC and IOC Rankings.
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