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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’s Ukrnafta plans 200 MW of renewable energy capacity alongside gas projects
Ukraine’s largest oil producer, Ukrnafta, plans to build around 200 MW of renewable energy capacity, including solar and wind projects, within the next two years.
Russia strikes Ukraine’s gas infrastructure as Kyiv targets Saratov oil refinery
Russia has launched fresh strikes on Ukraine’s gas infrastructure, damaging production facilities in Poltava and cutting gas supplies to nine settlements in the Myrhorod district.
Gas transit through Slovakia to Ukraine spikes by 60% in three days
Shipments of gas to Ukraine through Slovakia increased by 60% on February 13 compared to the beginning of the week, February 10.
Biggest Turkish refiner Tupras reportedly restricting Russian oil purchases amid tightened sanctions
Biggest Turkish refiner Tupras is reportedly placing restrictions on its purchases of Russian oil and fuels in order to steer clear of potential breaches of US sanctions.
QazaqGaz secures agreement with PetroChina to increase gas exports
Fitch forecasts peak gas output for Azerbaijan as oil production continues to fall
Azerbaijan’s gas production has risen significantly in recent years and could reach its peak this year or next, according to Fitch Ratings Managing Director and Head of Sovereign Ratings for Emerging Europe, Erich Arispe
US Energy Department offers fresh figures on Caspian Basin energy reserves & production
A comprehensive overview of the regional energy sector.
UK court rejects Russia’s appeal in Yukos case
A London court rejected Russia’s appeal claiming state immunity to avoid the enforcement of a $60bn arbitration award in the case brought by former shareholders of Yukos oil major.
Russian gas major Novatek ups profit 5% to $6bn in 2024
Russian natural gas major Novatek posted increase in net profit and revenues in 2024 despite sanctions against LNG projects.
Iran, Turkmenistan in talks over energy as Tehran reportedly seeking gas imports
Top energy and foreign affairs officials of Iran and Turkmenistan stressed the need to foster cooperation in the oil and gas sectors, as Iran struggles to tackle its worsening gas shortage amid freezing winter temperatures.
Russian gas supplies to Europe via TurkStream hit new all-time high in January
Russian gas supplies to Europe via the TurkStream gas pipeline set a new record last week, according to data from the European Network of Gas Transmission System Operators.
Russia could cancel RusHydro’s dividends until 2028
Uzbekistan to phase out Ai-80 gasoline by end of 2025 as part of green economy strategy
Turkmenistan to ship gas to Turkey under long-awaited deal
Initial volumes via arrangement with Iran will be modest, but the potential for sizeable flows is there. A Turkish hub could eventually transship deliveries to Europe.
Azerbaijan increases gas condensate and associated gas production in 2024
Azerbaijan produced 5.29mn tonnes of gas condensate in 2024, marking a 1.7% increase year-on-year.
Transnistria turns down EU’s energy-for-reforms plan, opts for Russian loan
Separatist region Transnistria in Moldova has refused the €60mn grant offered by the European Union for purchasing energy this cold season and will instead rely on a loan provided by Russia.
Azerbaijan’s confirmed oil reserves stand at 7bn barrels
Azerbaijan's confirmed oil reserves as of January 1, 2025, stood at 7bn barrels, and gas reserves at 60 trillion cubic feet, according to the US Department of Energy.
Ukraine boosts gas imports from Hungary, Slovakia as biomethane exports lag
Ukraine is ramping up natural gas imports from Hungary and Slovakia, bringing in 14.1mn cubic metres on February 7, up from 10.9 mcm the previous day.
Ukraine begins biomethane exports to EU as renewable energy ambitions grow
Ukraine has started exporting biomethane to the EU, marking a milestone in its renewable energy development.
Tengiz expansion poses challenge for Kazakhstan's OPEC+ compliance
The field is on track to produce 1mn bpd of oil this year, equivalent to 1% of global supply.
Russian oil and gas budget revenues up 17% in year despite toughest sanctions yet
Russia's oil and gas revenues increased by 16.9% year on year in January 2025, reaching RUB789.1bn.
Gazprom announces personnel changes
The move could signal the beginning of a sweeping corporate restructuring plan outlined by CEO Alexei Miller late last year.
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