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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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Russia approves agreement with India to develop the Northern Sea Route
Russia has authorised state nuclear corporation Rosatom to sign an agreement with India aimed at expanding cargo shipments along the Northern Sea Route.
Sri Lanka seeks bids from Russian crude from Rosneft and Zarubezhneft
Sri Lanka’s state-run Ceylon Petroleum Corp. has registered Russia’s Rosneft and Zarubezhneft as crude suppliers, allowing them to bid for contracts serving the country’s sole refinery.
Small oil producers in Tatarstan slash output amid Ukrainian drone strikes against refineries
Ukraine has been waging a relentless campaign of drone strikes against Russian refineries, rendering up to 30% of national throughput capacity inoperable.
Kyrgyzstan bans fuel exports amid knock-on effect from Russian shortages
Much of Central Asia is feeling the knock-on effect of fuel shortages in Russia, caused by persistent Ukrainian drone strikes on refineries.
Graham's last sanctions bill cuts Russia tariff threat from 500% to 100%
US senators have unveiled a watered-down version of the Russia sanctions bill championed by the late Senator Lindsey Graham, cutting threatened tariffs on buyers of Russian energy from 500% to a maximum of 100%.
Kazakhstan forecasts 98mn tonnes of oil production in 2026
Kazakhstan expects to produce 98mn tonnes of oil in 2026 despite lower output seen in the first half of the year.
Kashagan operators face July 20 deadline to pay $4.9bn environmental fine
Foreign consortium members operating Kazakhstan's Kashagan oil field must reportedly pay a KZT 2.3 trillion ($4.9bn) environmental fine by July 20 following a court ruling that has entered into legal force.
Azerbaijan boosts EU gas exports even as it weighs quitting Council of Europe over rights dispute
China and Kazakhstan intensify nuclear ties
China-Central Asia Monitor: July 3-9, 2026.
Tajikistan teams up with China to launch fresh attempts to find hydrocarbons
Authorities in Tajikistan are preparing to once more launch attempts to find domestic hydrocarbon supplies, with the country’s fuel reserves down to the equivalent of two months’ supply amid Ukrainian drone attacks on Russian refineries.
Denmark's Topsoe, South Africa's Sasol to equip Allied Biofuels' planned $6bn SAF biorefinery in Uzbekistan
Danish company Topsoe and South African group Sasol have signed licensing agreements with Uzbekistan's Allied Biofuels to supply core technologies required for a planned $6.1bn SAF and eSAF biorefinery.
Tajikistan steps up fuel imports this year
Tajikistan relies heavily on imported petroleum products and LPG because of its limited domestic production.
Uzbekneftegaz to ramp up production at Alan gas-condensare field
Uzbekneftegaz has ordered extra work to be carried out to ramp up production at the Alan gas condensate field in Uzbekistan’s Kashkadarya region.
Russia's Novatek raises gas output 2.7% in H1
The growth likely reflected the start of exports from Novatek’s Arctic LNG-2 project last autumn. The facility, under Western sanctions, delivers cargoes only to a single port in China.
Turkmenistan sees slight increase in gas output in H1
Oil production rose by 0.9% to 4.13mn tonnes.
European gas prices surge amid renewed US-Iran hostilities
European gas prices have soared this week amid renewed US-Iran hostilities, driving up costs for restocking supplies ahead of next winter.
Russia adds more energy firms to list not required to disclose corporate info
Russia has added 12 energy and aviation-fuel companies, including seven subsidiaries of state oil giant Rosneft, to a list of entities permitted to decide how much corporate information they disclose.
Putin vows to shore up Crimean fuel supply
Russia has begun work on a new system for supplying petroleum products to Crimea that will be harder to attack.
Russia reports drone debris hitting Afipsky refinery, causing fire
The blaze was subsequently extinguished.
Gazprom reports drone strike on compressor station serving Russia's Blue Stream gas pipeline
The station was attacked at 19:51 local time on July 7, Gazprom said. The company did not disclose the extent of the damage, adding that emergency work was under way.
Russia claims it has partially stabilised domestic fuel market
The attacks damaged several refineries and temporarily reduced gasoline and diesel production, forcing suppliers to reroute fuel and placing greater pressure on filling stations, Novak said.
Russian refining down to record lows, LNG exports to Europe at record highs
Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis. But LNG production remains untouched and exports to Europe are at record highs.
Indonesia’s Karimun emerges as Asian hub for Russian oil
Russian businesspeople have begun staying at the island's leading hotel, where rooms cost about $40 a night the report adds. Their destination is almost always the local oil terminal, which changed ownership in mid-2024.
Iran, Russia close in on final gas trade deal, oil minister says
Iran and Russia are close to finalising a long-term gas trade agreement after resolving most of the contract’s key provisions, Iranian Oil Minister Mohsen Paknejad said following talks in Tehran with Russian Energy Minister Sergei Tsivilev.
OPEC’s leverage narrows as war and exits reshape supply
Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained
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