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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 committed to 190,000-bpd oil output boost next year despite lower levels specified by OPEC+ limitations
Mining industry association proposes changes to Kazakhstan's mineral extraction tax system
Gazprom declines January gas transit booking for Moldova via Trans-Balkan pipeline
Gazprom has not reserved capacity for gas transit to Moldova through the Trans-Balkan pipeline for January 2025, the Moldovan Ministry of Energy confirmed on December 16.
Production of gasoline and diesel fuel in Azerbaijan has decreased
EU targets 52 more shadow fleet ships in 15th Russian sanctions package
The EU has finalised its 15th sanctions package against Russia, targeting 52 more ships in the country’s so-called shadow fleet, used to circumvent Western restrictions on Russian crude exports, bringing the total number to 79.
Kyrgyzstan brings in additional fuel tax to raise revenue for road repair and construction
TMK to sell early coal seam gas produced at Mongolia site to Germany’s JEL for conversion into electricity
Oil output at Kazakhstan's Tengiz remains 20% below December target
Kazakhstan partners with US-based BlueSky Energy to develop coal-to-diesel production facilities
Russian Gazprom Neft to increase downstream investment in 2025
Gazprom Neft, oil arm of Russian gas major Gazprom, in 2025 plans to increase investments in the implementation of major projects in oil refining and light oil products
Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
As winter closes in, will Uzbekistan rethink the potential for more gas supplies from neighbour Turkmenistan?
R&D to drive downstream decarbonisation: SOCAR Turkiye
Research and development is playing a key role in driving sustainability in the downstream sector.
Halliburton's former Russian business eyes acquisitions
Russian oilfield services company Burservice, which acquired the local operations of US-based Halliburton, is exploring mergers and acquisitions, including a potential purchase of Nafta Drilling.
SOCAR holds financing talks with Italy's Intesa Sanpaolo bank
A delegation led by Zaur Gurbanov, vice president of Azerbaijan’s state oil company SOCAR, has visited Milan, Italy, for a series of high-level meetings with Italy’s Intesa Sanpaolo bank.
Georgia divests gas pipelines to Azerbaijan's SOCAR
Georgia’s government has approved the direct sale of gas pipelines to SOCAR Gas Georgia, a local subsidiary of Azerbaijan’s state oil company SOCAR, for $7mn.
More help needed for Ukraine’s ravaged energy sector
A multi-million-euro fund launched by Ukraine’s European allies to help the war-ravaged energy sector is running low on cash as power providers struggle to keep the lights on this winter.
Russian LPG exports to Asia surge this year
Russia’s exports of LPG to Asian countries including Turkey grew by 45% year on year in the first nine months of 2024, reaching 1.2mn tonnes.
Moldova announces it has enough natural gas reserves for the entire winter
Moldovagaz says it has already purchased 747.9mn cubic metres of natural gas ahead of the expected cut-off of Russian gas supplies via Ukraine.
Drone strikes oil storage in Oryol region
A drone attack on Russia's Oryol region ignited a fuel fire at an oil storage facility.
Slovakia in "very intense" talks to continue Ukrainian gas transit
Slovakia’s government is holding “very intense” negotiations over natural gas supplies in 2025, including on the continued transit of the fuel through Ukraine, despite the looming expiry of the Russia-Ukraine transit deal after December 31.
Rosneft to supply oil to India’s Reliance in a 10-year deal
Rosneft, Russia's state-owned oil company, has struck a significant deal with Reliance Industries Limited (RIL) to supply nearly 500,000 barrels of crude oil daily, marking the largest-ever energy agreement between the two countries
ACG reports 600mn tonnes in oil production
Six hundred million tons of oil have been produced from the Azeri-Chirag-Gunashli (ACG) oil field block so far according to the project's operator bp, along with its partners
OMV terminates Russian gas deal after losing supply
OMV has ended its long-term gas supply contract 26 years before its set expiry date.
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