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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 says oil flows unaffected after drone strike on CPC terminal
Kazakhstan has confirmed that shipments of oil through the Caspian Pipeline Consortium (CPC) infrastructure continue without disruption despite a drone strike on the consortium’s terminal in Novorossiysk on the Russian Black Sea coast.
Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas
Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.
Russia’s fuel crisis deepening as relentless Ukrainian drone strikes and export curbs squeeze supply
Russia’s domestic fuel crisis is escalating and shortages have intensified with the south of the country among the hardest hit, as a result of relentless Ukrainian drone strikes on refineries, Kommersant reported on September 24.
Ukrainian drone strike hits Russian port city Novorossiysk, damaging CPC facilities
A Ukrainian drone strike on September 24 was conducted on the Russian Black Sea port city of Novorossiysk, from where most of Kazakhstan's oil is exported. The attack killed at least two people and injured seven, including children, RFE/RL reported.
Bulgaria to align with EU plan to end Russian gas deals by 2026
Bulgaria plans to terminate contracts for the transit of Russian natural gas in 2026 and join the EU’s plan to phase out Russian energy supplies.
Austria's OMV fires senior exec for Russian espionage
Austrian energy and chemicals group OMV has fired a long-serving executive over suspicions of espionage for Russia, and Vienna has summoned a Russian diplomat in connection with the case.
Ukrnafta secures €400 mln for gas power projects as DTEK expands storage in Poland
Ukrnafta has secured around €400mn in financing to build more than 400 megawatts (MW) of new power generation capacity, its top executive said, as Ukraine races to reinforce its energy system after heavy damage from Russian attacks.
US-based LanzaJet and KMG sign agreement on Kazakhstan’s first sustainable aviation fuel project
LanzaJet, the US-based sustainable fuels technology company, has signed an agreement with Kazakhstan’s state oil and gas company KazMunayGas (KMG) to advance the country’s first sustainable aviation fuel (SAF) plant.
SOCAR acquires Italiana Petroli
Within the same forum, the State Oil Company of Azerbaijan (SOCAR) signed an agreement to acquire 99.82% of Italian energy company Italiana Petroli (IP) from API Holding.
Uzbekistan advances major US deals across finance, mining and technology
Japan’s MHI, Turkey’s Gap Insaat set to build major urea plant in Turkmenistan
Turkmenistan is reportedly to sign a contract for the design and construction of a 1.155mn tonne/year urea (carbamide) plant, with the facility to be delivered by Japan’s Mitsubishi Heavy Industries (MHI) and Turkey’s Gap Insaat.
Cyprus-based Prato Golf takes over Beiken Energy Ukraine, names new supervisory board
Beiken Energy Ukraine LLC, a leading private oil and gas services company, announced a change of ownership, with Cyprus-based Prato Golf Investments LTD becoming its new owner and appointing a supervisory board to strengthen corporate governance.
Naftogaz secures $2.5bn to buy gas for winter amid war risks
Ukraine’s state-owned energy firm Naftogaz said it had secured $2.5bn with international partners to purchase gas supplies ahead of the winter heating season, as the country braces for renewed Russian attacks on its energy infrastructure.
Serbia to sign new gas supply deal with Russia in October
Serbia, which imported about 3bn cubic metres of Russian gas in 2024, remains among the most energy-dependent countries in Europe.
COMMENT: Uncertainty and geopolitics plague Russia’s negotiations with China on gas supply deals
China is now the only potential buyer of Russian Arctic gas and the only customer with the capacity to absorb significant amounts of gas from the Yamal Peninsula, home to some of the country’s largest reserves.
Azerbaijan to gift oil tanker to Turkmenistan
Azerbaijan is to gift an 8,000-tonne oil tanker to Turkmenistan.
Uzbekistan's gas exports up 24% y/y in 8M25 despite declining domestic output
Uzbekistan increased its natural gas exports by nearly a quarter while recording lower imports in the first eight months of 2025, according to data from the state’s statistics agency.
World's leading producers continue output plans above Paris deal compatibility
Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.
EU eyes full ban on deals with Russia's Rosneft and Gazprom Neft
The EU plans to impose a full ban on transactions with Russian state oil majors Rosneft and Gazprom Neft as part of its planned 19th package of sanctions.
Russian seaborne oil product exports slump 18% in early September
Russia’s seaborne oil product exports fell 18% year on year in the first half of September as unplanned refinery and transport outages disrupted supplies and pressured freight rates.
Russian oil majors refuse to share data for AI: Vygon
Russian oil and gas companies have refused to create a shared generative AI platform because none is willing to pool confidential data needed to train such systems.
Kazakhstan strikes deal with US tech firm on first SAF plant
Kazakhstan’s state oil and gas company KMG and US technology firm LanzaJet have signed a framework agreement to move forward with plans to build the country’s first plant for sustainable aviation fuel.
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