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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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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.
Kazakhstan strikes Chinese energy deals worth $1.5bn
Kazakhstan concluded more than $1.5bn worth of oil and gas projects with Chinese partners during President Kassym-Jomart Tokayev’s visit to Beijing last week.
SOCAR reportedly acquires major Italian fuel supplier
Azerbaijan’s state oil company SOCAR has agreed to buy Italiana Petroli (IP), securing control of one of Italy’s largest fuel filling station networks in a move that strengthens its position in the Mediterranean fuel market.
France, Germany push for sanctions on Russian oil firm Lukoil
France and Germany are leading a push to include Russian oil giant Lukoil and its Swiss trading arm Litasco in the EU’s forthcoming 19th sanctions package, according to diplomatic sources quoted by AFP and other outlets this week.
Germany once more extends trusteeship of Rosneft's oil assets
Germany has prolonged external administration of Rosneft’s local subsidiaries Rosneft Deutschland GmbH and RN Refining & Marketing GmbH for another six months.
EU payments for Russian gas slumped in July to lowest level since 1999
EU countries paid a combined €995mn ($1.2bn) for Russian natural gas in July, the smallest monthly outlay since 1999.
Ukraine hits multiple Russian oil refineries, Trump calls for more EU oil sanctions
Ukraine is expanding its campaign of trying to cut the Kremlin off from its oil export income with a campaign of targeting Russia’s oil refining and pipeline assets, using its new long-range drones and missiles.
Putin meets with Gazprom chief in St Petersburg
Russian President Vladimir Putin held talks with Gazprom head Alexei Miller on September 14 during a working visit to St Petersburg.
China receives fourth cargo from Russia's heavily-sanctioned Arctic LNG-2 project
China’s Beihai LNG terminal has received a cargo of Russian LNG from the Arctic LNG-2 project, the fourth such shipment to reach the country.
Budapest continues defending Russian energy imports
The geographic reality when it comes to Hungary is that we are a landlocked country with seven neighbours and the current energy infrastructure does not allow us to walk away entirely from Russian energy sources," Hungary's foreign minister said.
Uzbekistan announces discovery of first ever huge gas reserve in country
Uzbekistan has discovered a large gas reserve in the Ustyurt plateau in northern Karakalpakstan, according to President Shavkat Mirziyoyev.
Not much “legally binding” about Russia’s latest memorandum with China on Power of Siberia 2 pipeline project
There is not much legally binding about a new memorandum signed on the proposed construction of the Power of Siberia 2 (PoS-2) Russia-to-Mongolia-to-China gas pipeline.
Drones strike Russia’s largest oil port of Primorsk
More than 30 Ukrainian drones targeted Russia’s biggest oil terminal of Primorsk overnight on September 11–12, The Moscow Times reported on September 12.
Moldova’s dramatic energy sector transformation
Chisinau ended decades of dependence on Russia in just four years — but will the upcoming general election derail the remaining reforms?
Japan’s Toyo, Turkey’s Ronesans to renovate Turkmenhimiya gas-chemical complex
Japan’s Toyo Engineering Corporation, working in collaboration with Turkey’s Ronesans, is to deliver the first phase of a large-scale renovation of state company Turkmenhimiya's large gas-chemical complex, Hydrocarbon Processing has reported.
Ukraine stops receiving Azerbaijani gas via Romania in September
Moldova secures 90% of gas needs for next 12 months
Moldova has purchased more than 90% of the natural gas required for the next 12 months, starting in October, covering the entire consumption expected for the upcoming heating season, the state energy trader Energocom announced.
Toronto-listed Condor kicks off multi-well programme in Uzbekistan
Toronto-listed Condor Energies has started a multi-well drilling programme in Uzbekistan as it seeks to expand gas and condensate reserves and increase production capacity.
Australia's Allied Green Ammonia to develop green aviation fuel project in Uzbekistan
Australian company Allied Green Ammonia is planning to start producing green aviation fuel in Uzbekistan, the country's Ministry of Investment, Industry and Trade has announced.
Energy analysts ponder if decades-old concept of trans-Caspian gas pipeline from Turkmenistan to Azerbaijan is back on
Observers of the Central Asian gas export industry are asking if the decades-old concept of building a pipeline across the Caspian Sea from Turkmenistan to Azerbaijan, which would mean Turkmen gas flowing smoothly to Turkey and Europe, is back on.
Russia’s Gazprom, Rosatom to issue panda bonds to raise capital
Russia’s state-owned energy giants Gazprom and Rosatom are preparing to issue yuan-denominated “panda” bonds in China’s domestic debt market, as Moscow turns to Beijing to raise investment capital.
Ukraine offers Slovakia energy cooperation to replace Russian supplies
Ukraine is seeking to deepen energy cooperation with neighbouring Slovakia by offering infrastructure and fuel transport solutions that could help reduce reliance on Russian fossil fuels.
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