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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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INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
EU expands oil and gas sanctions in 16th package
The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.
Global oil market could lose 20mn barrels following CPC drone strike in Kazakhstan
The CPC handled around 1.2% of global oil production in 2024.
EU paid four times more for Russian LNG in Q4 2024 versus Q1 2021
The cost of importing Russian LNG into the EU has increased nearly fourfold compared to 2021 levels, driven by rising supply volumes and higher prices.
EU spending on Russian oil and gas surpasses Ukrainian aid
Despite various sanctions, Russia's global fossil fuel export revenues reached €242bn in the third year of the invasion.
EU’s 16th sanction package targets Russian aluminium, 13 banks and shadow fleet
The Council of Europe has approved the 16th sanction package against Russia's full-scale military invasion on Ukraine, targeting 48 individuals and 35 entities.
UK removes sanctions on Gazprom Neft executive
The UK earlier this month made the rare decision to remove someone from its Russia sanctions list – a Gazprom Neft executive called Irina Chubarova.
Novatek prepares to relocate LNG transhipment to Barents Sea
Novatek is preparing to minimise the impact of European sanctions on its exports to Asian markets.
Russia's Sibur prepares to break ground on catalyst production plant
The plant will be the first in Russia and the CIS region to produce all types of polymerisation catalysts required for the production of polyethylene and polypropylene.
China-backed first PE-X plant in Uzbekistan setting up as an import-replacement project
Tajikistan eyes Iranian crude under preferential terms
Tajikistan is in talks with Iran to receive crude oil supplies on preferential terms to feed its refineries, the country’s Ministry of Energy and Water Resources said.
Kazakhstan’s oil exports via CPC pipeline revised upward despite previous capacity decline comment
Kazakhstan’s CPC Blend oil exports from the Black Sea have reportedly been revised upward to 1.67mn barrels per day (bpd) in February, an increase from 1.42mn bpd stated in an earlier schedule, reflecting higher output from Kazakh oilfields.
Baghdad reviewing financial records of intermediary that is to ensure stable Turkmen gas supplies to power plants in Iraq
Baghdad is reviewing the financial records of an intermediary company that is to be responsible for ensuring the stable supply of Turkmen natural gas to power plants in Iraq, according to the Iraqi Electricity Ministry.
Uzbekistan aims to save 1.6bcm of gas, 3.5bn kWh of electricity in 2025
Uzbekistan is aimig to save 1.6bn cubic metres (bcm) of natural gas and 3.5bn kilowatt-hours of electricity in 2025 as part of a broader push for energy efficiency.
Russia to build gas trunk pipeline linking to Kazakhstan
Russia is set to construct a trunk gas pipeline to supply natural gas to Kazakhstan.
Turkey, Turkmenistan sign deal covering gas imports via Iran
Turkey and Turkmenistan have agreed on a deal covering imports of Turkmen gas to Turkey via Iran beginning March 1. The specifics of the agreement have yet to be disclosed, but media reports say that volumes could reach up to 2 bcm annually.
Russian Orlan-10 spy drone crashes near CPC pipeline in Kazakhstan
A Russian Orlan-10 reconnaissance drone has been found crashed near a stretch of the CPC oil export facility in Kazakhstan, raising concerns over unauthorised surveillance and potential security threats to critical energy infrastructure.
Uzbekistan restricts CNG supplies amid cold snap
Uzbekistan temporarily restricted compressed natural gas (CNG) supplies to refuelling stations from February 9-12 due to increased demand amid a cold snap.
Russia and Saudi Arabia to continue OPEC+ cooperation
Russia and Saudi Arabia affirmed their commitment to continued cooperation within OPEC+ during a telephone conversation between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman on February 20.
Putin claims Ukrainian drone strike on CPC coordinated with West, Lavrov calls it attack on Kazakh oil infastructure
Russian President Vladimir Putin claimed on February 19 that the Ukrainian drone attack two days earlier on a Caspian Pipeline Consortium (CPC) pumping station in southern Russia could have been coordinated with Western allies.
OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Novatek gas major and other Russian companies could keep foreigner’s dividends
Russian corporate majors could keep the dividends owed to shareholders from “unfriendly” countries instead of depositing them on special “C-type” accounts, RBC business portal reports citing corporate lawyers.
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