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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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Czechia reports the first day in its history of being free of Russian oil
Prime Minister Fiala declared his country Russian oil-free after April 17 became the first day when no oil from the latter flowed into Czechia for the first time in its history, and his country has become independent of the eastern Druzhba pipeline.
Azerbaijan's SOCAR, Israel's Union Energy form Malta JV
Azerbaijan’s state oil company SOCAR and Israeli firm Union Energy & Systems have established a joint venture in Malta to engage in natural gas development and production.
French court backs Naftogaz in $5bn arbitration case against Russia
Ukrainian energy group Naftogaz has won a key legal victory in France as the Paris Judicial Court granted recognition and enforcement of a $5bn arbitration award against the Russian Federation.
Russian court raises Naftogaz penalty to $1.3 bn over Gazprom transit dispute
A Russian court has increased a financial penalty against Ukraine’s state energy firm Naftogaz to $1.3bn.
Czech Republic hails its independence from Russian oil
Neighbouring Hungary and Slovakia meanwhile have no intention of ditching Russian crude.
Sibur becomes first Russian company to deliver first carbon-offset polymers to China
Russian petrochemicals producer Sibur has become the first company in the country to export a shipment of polymers to China with a partially compensated carbon footprint.
Gazprom starts extracting white hydrogen in East Siberia
Russia’s national gas company Gazprom has produced its first so-called “white” hydrogen from the Kovyktinskoye gas condensate field in Eastern Siberia.
Russian Arctic oil exports to China set to surge this month
Arctic oil is now offered at significant discounts compared to Brent crude, reversing the premiums that were previously associated with these grades.
Turkish refiner Tupras resumes imports of Russian oil
Turkey’s largest refiner Tupras has resumed buying Russian Urals crude following the decline in its price on the oil market.
Azerbaijan State Oil Fund revenues from ACG and Shah Deniz decline in Q1, strategic reserves reach $73.8bn
ICIJ investigation reveals details of confidential arbitration ruling over Kashagan oil revenue sharing dispute
OPEC+ receives updated commitments from overproducers
OPEC+ has reportedly received updated commitments from Kazakhstan, Iraq and other member states to implement further oil production cuts in an effort to compensate for previous overproduction.
Turkey’s Tupras reportedly resumes Russian Urals crude purchases as oil cost falls below price cap
Number one Turkish oil refiner Tupras has reportedly returned to buying Russian Urals crude cargoes amid falling world oil prices.
China spikes Gazprom gas export plan in Central Asia
Russian energy company keeps gushing red ink.
China questions feasibility of gas exports from Russia to China via Kazakhstan
Chinese Ambassador to the Russian Federation Zhang Hanhui has warned that the proposed route for Russian gas exports to China via Kazakhstan may be economically unfeasible, citing infrastructure constraints and high construction costs.
Kazakhstan's KMG sells 60% stake in Polymer Production to Russia’s SIBUR
Kazakhstan’s KMG has sold a 60% equity stake in Polymer Production to Russia’s SIBUR, a petrochemical holding, in a move to revive the dormant biaxially-oriented polypropylene (BOPP) film production facility.
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Russia to expand LNG exports, pivot towards friendly markets in 2050 energy strategy
Russia has unveiled a new energy strategy targeting 2050 that includes a significant expansion of LNG exports and a reorientation of oil and gas trade toward so-called friendly markets.
Kazakhstan targets 25% rise in natural gas production by 2030
Kazakhstan plans to increase its annual natural gas production to 74bn cubic metres (bcm) by 2030 from 59 bcm recorded in 2024, Deputy Minister of Energy Alibek Zhamauov announced at the Energy Trends: Gas & Petrochemicals forum in Astana.
Kazakhstan oil output falls 3% in early April but remains above OPEC+ quota
Kazakhstan’s crude oil production reportedly declined by 3% in the first two weeks of April compared to the March average.
Turkmenistan invites participants to an environmental dialogue: registration now open for the international scientific and practical conference TESC 2025
Registration is available via the official TESC 2025 website.
EU ends heating season with three-year low in gas storage volumes
The EU closed the 2024/25 heating season with just 37.2bn cubic metres of gas in underground storage, marking its lowest end-of-season level since 2022, according to data from Gas Infrastructure Europe.
Russia's major drillers see significant slowdown in profit growth
Russia’s largest oilfield service companies experienced a sharp slowdown in profit and revenue growth last year, as rising costs, equipment constraints and cautious strategies under international sanctions pressured financial performance.
Russia bullish on oil and gas production in new long-term energy strategy
Russia plans to increase natural gas output by more than a third and expand oil production slightly by 2050 under a new energy strategy.
Kazakhstan's KMG sells controlling stake in petchem project to Russia's Sibur
KazMunayGas has sold a controlling 60% stake in Kazakhstan’s idle Polymer Production plant to Russian petrochemical group Sibur.
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