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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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Two oil exploration firms put up for sale in Russia's Komi region for $30mn
The companies hold the Yermolovsky and Visovsky licences respectively, both of which currently run until the end of 2028.
Kazakhstan rules out sending oil to Germany via Druzhba in July and August
The ministry described the disruption as temporary and said Kazakhstan remained committed to diversifying its oil export routes to European markets.
Discount on Russia's Urals oil widened in first half of July but could shrink again as US-Iran conflict once more escalates
As the US-Iran conflict is now escalating once more, the discount could shrink during the remainder of this month and Urals could even regain its premium.
Gazprom Export wins Russian court case against Austrian gas pipeline operator TAG
Gazprom Export has won a Russian court case against Austrian pipeline operator TAG over 12 disputed invoices, in one of dozens of legal proceedings spawned by the collapse of Russia’s once-vast pipeline gas trade with Europe.
Russia extends "import damper" subsidies to diesel to attract more overseas supplies amid fuel crisis
The Russian government approved proposals on July 17 to extend its “import damper” subsidy mechanism to diesel, as refinery outages and peak seasonal demand place growing pressure on domestic fuel supplies.
Ukraine seeks long-term US LNG partnership to bolster winter gas supplies
Ukraine's state energy company Naftogaz has agreed to pursue a long-term partnership with US-based Argent LNG to supply American liquefied natural gas LNG, as Kyiv seeks to strengthen energy security and secure fuel supplies ahead of winter.
Drones strike tankers at CPC oil terminal in Russia
The Caspian Pipeline Consortium suspended crude loadings at its Russian Black Sea terminal on July 19 after drones struck two tankers during loading operations, marking the third attack on a CPC-linked vessel in two days.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Growth in Azeri gas exports barely change in H1 despite Baku's high ambitions
Azerbaijan’s natural gas exports barely grew in the first half of this year, despite the country adding new European buyers and promoting itself as an increasingly important alternative supplier to Russia.
Georgia's Batumi oil terminal resumes jet fuel imports after eight-year hiatus
The Batumi oil terminal in Georgia has resumed handling jet fuel after an eight-year break, receiving an initial 10,000-tonne cargo from Europe for onward transport to Kazakhstan.
Kazakh oil shipments through BTC pipeline lag below government targets
The volume loaded at the Caspian port of Aktau was down by around 10% from 785,000 tonnes a year earlier.
Kashagan oilfield operator says tribunal bars enforcement of $4.9bn Kazakh fine
The consortium operating Kazakhstan’s giant Kashagan oilfield reported on July 16 that an arbitration tribunal had barred Astana from enforcing a $4.9bn environmental fine.
Naftogaz secures bondholder backing for €1.2bn debt restructuring
Ukraine's state-owned energy company Naftogaz has completed the restructuring of two Eurobond issues totalling approximately €1.2bn
Russia's diesel export ban squeezes Turkey as Ukrainian strikes and Iran war compound supply crisis
Turkey is facing acute fuel supply pressure after Russia suspended diesel exports to all markets until the end of July, compounding disruption from Ukrainian attacks on Russian refineries and Iranian strikes on Gulf refining capacity.
China's 'impossible' gas price risks killing off Power of Siberia-2
China has effectively priced Russia's flagship Power of Siberia-2 gas pipeline out of existence, demanding a price for gas that analysts say would make the project uneconomic.
Kazakhstan's Kaztransoil increases oil transportation volumes in first half of 2026
Kazakhstan's state-run pipeline operator Kaztransoil reportedly transported 22.911mn tonnes of crude oil through its main pipeline system during 1H26, up by 643,000 tonnes from 1H25.
Azerbaijan's H1 oil and gas exports fall in value despite volume gains
Azerbaijan exported oil, gas and related products worth a combined $10.8bn in the first half of 2026, according to State Customs Committee data.
Kyrgyzstan moves to convert surplus AI-80 stocks to AI-92 as Russian fuel squeeze bites
Kyrgyzstan's state oil company is reportedly seeking chemical additives to upgrade surplus low-octane AI-80 gasoline into AI-92 as a short-term fix for supply disruptions caused by Russian export restrictions.
China slams new US bill targeting buyers of Russian oil and gas
China has condemned a revised US sanctions bill that would authorise tariffs against leading buyers of Russian oil and natural gas, including China.
China reportedly demands steep discount on Russia's Power of Siberia 2 gas
Chinese officials delivered the demand to a Gazprom delegation that travelled to Beijing ahead of Russian President Vladimir Putin’s May visit.
Canada's Condor sees spike in gas output in Uzbekistan after launching new well
The achievement was helped by stronger-than-expected flows from the company's new K-42 well at the Kumli Northwest field.
FSB detains Russian citizen for attempted attack on oil facility in western Siberia
The suspect was arrested near a concealed cache after collecting an improvised explosive device intended for use against an unnamed oil-industry facility in Nyagan.
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