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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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Oil output from Azerbaijan’s ACG block reaches 613mn tonnes, including 1.4mn tonnes from ACE platform
Estonia approves full ban on Russian gas imports
“Currently it is permitted to buy and import Russian LNG provided it is not used in the distribution network. After the amendment enters into force, the ban will also apply to LNG imported outside the network,” Tsahkna explained.
One of Russia's largest independent refineries passes to unknown owner
The filings show that on September 15, the refinery’s entire charter capital passed to a Moscow-based company called Orion. The plant was previously controlled by entrepreneur Yury Shamara.
ExxonMobil rules out return to Sakhalin
CEO Darren Woods told the newspaper the discussions concern solely the handover of the US major’s stake and do not signal a return to the country.
Novatek redirects oil shipments to Novorossiysk after Ust-Luga drone strike
Following the strike on its Ust-Luga facility in Russia’s Leningrad region, Novatek began reviewing its logistics.
Washington reportedly refusing to apply sanctions waiver to Iraq-Turkmenistan-Iran gas supply deal
Washington has reportedly rejected Iraq’s request for a sanctions waiver that would allow it to import gas via pipeline under a swap arrangement involving Turkmenistan and Iran.
Democratic Senators push Trump to ramp up targeted sanctions on Russian LNG
Calls are mounting by Democratic senators for US President Donald Trump to increase targeted sanctions on Russia’s LNG sector.
EU plans to move forward Russian LNG import ban in new sanctions package
The EU is considering moving ahead one year its ban on Russian LNG imports to come into force at the start of 2027.
Ukraine gas reserves exceed last year but fall short of winter target
Ukraine has built up 12.055bn cubic metres (bcm) of natural gas in storage ahead of the 2025/26 heating season, surpassing last year’s levels but missing its 13.2 bcm target.
EU passes nineteenth sanctions package, accelerates LNG phase out
The European Commission has published proposals for a 19th sanctions package against Russia that would tighten curbs on energy trade and payments, with new measures aimed at oil refineries, oil traders and petrochemical companies in third countries.
Kazakhstan resumes oil exports via BTC after one-month suspension
Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline, which runs to Turkey's Mediterranean coast, after a one-month suspension, reopening a key westbound corridor that avoids Russian territory, Oilprice.com reported.
ExxonMobil CEO says no plans to return to Russia
Despite repeated speculation by Russian officials ExxonMobil CEO denies any plans to return to Russia
Nationalised Dagestani oil terminal DagNefteProdukt changes hands
Dagnefteprodukt was formerly owned by ex-state secretary of Dagestan and founder of FC Anzhi Magomed-Sultan Magomedov, and has now been placed under the control of a senior Federal Security Service (FSB) official.
Europe remains Russia's number one biggest importer of gas, top five importer of oil in August
US President Donald Trump complained that the EU is still importing too much Russian oil and that the White House will not put sanctions on Russia unless the EU cuts back on this business.
Ukrainian drones threaten Russian oil output
Latest Ukrainian drone strikes on main Russian oil-handling ports could dent country's oil output
Azerbaijan invests $542mn in Israel’s Tamar gas project in H1 2025
IEA warns that output at existing oil and gas fields is falling faster than expected
Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.
European Commission pushes for faster phase-out of Russian energy
The proposal reflects mounting pressure from the US and growing domestic concern over energy security as Russia’s war in Ukraine continues.
Uzbekistan begins development of Afghanistan’s Tooti Maidan gas field under 25-year deal
Ukraine secures 400 mcm of US LNG ahead of winter via Poland’s ORLEN
Ukraine has imported around 400mn cubic metres (mcm) of American liquefied natural gas (LNG) in partnership with Poland’s state-owned energy group ORLEN.
Fuel prices in Kyrgyzstan rocket as Ukraine steps up drone strikes on Russian refineries
Central Asian country relies on Russia for nine-tenths of its fuel.
SOCAR agrees to buy Italiana Petroli, gaining control of 4,500 fuel stations in Italy
SOCAR agrees to buy Italiana Petroli, gaining control of 4,500 fuel stations in Italy
Italy remains the top buyer of Azerbaijani crude with $4.8bn imports in January–August 2025
Italy remains the top buyer of Azerbaijani crude with $4.8bn imports in January–August 2025
SOCAR’s gas production cost rises 5.5%, oil cost jumps 11.8% in 2024
SOCAR’s gas production cost rises 5.5%, oil cost jumps 11.8% in 2024
Turkey announces research mission in contested Aegean waters, sparks immediate response from Greece
Turkey has sparked an immediate Greek response with the announcement of a 10-day research mission in a contested zone of the Aegean with the vessel Piri Reis, Greek publication tovima.com reported on September 15.
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