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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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Romania opts for supervision only of Lukoil refinery during ownership transfer
Romanian authorities will supervise but not manage operations at Lukoil’s Petrotel refinery while the Russian group seeks a buyer for the asset, an emergency ordinance adopted this week states.
Turkey extends expiring Russian gas import contracts by year, announces plans to invest in US gas production
Turkey has extended its expiring Russian gas import contracts by a year, energy minister Alparslan Bayraktar announced on December 4.
Turkey tells Russia, Ukraine to keep energy infrastructure out of war
Turkey has told Russia, Ukraine and all relevant parties to ensure energy infrastructure is kept out of the Russo-Ukrainian war, Turkish Energy Minister Alparslan Bayraktar said on December 4.
Ukraine’s Naftogaz lifts gas imports to 4.4 bcm since May, aims for 5 bcm by year-end
Ukraine’s state energy group Naftogaz has imported 4.4bn cubic metres (bcm) of natural gas since May and expects volumes to reach 5 bcm by the end of 2025.
Turkish shipowner halts Russia-linked operations after blasts off Senegal
Turkish shipping company Besiktas has suspended all operations connected to Russia after one of its oil tankers was damaged by multiple explosions near Senegal’s coast,
Caspian Sunrise secures two-year extension at Yelemes Deep estimation licence in Kazakhstan
Kazakhstan-based Caspian Sunrise announced on December 3 that it has secured a two-year extension to the Yelemes Deep estimation licence at the BNG Contract Area, enabling the company to restart work on the structure.
Kazakhstan’s petrochemical output expected to rise 9.2% y/y in 2025
Kazakh Energy Minister Yerlan Akkenzhenov has told a government meeting that Kazakhstan’s petrochemical industry production is expected to rise by 9.2% y/y to 589,700 tonnes in 2025.
Hungary to challenge EU plans to ban Russian oil and gas in court
Foreign Minister Peter Szijjarto says plan to ban EU member states' imports of Russian oil and gas from 2027 would "undermine Hungary's energy security".
Kazakhstan launches construction of alkylate plant
Kazakhstan has launched construction of an alkylate production plant in Kazakhstan’s Pavlodar Region.
Kazakhstan ships 225,000 tonnes of crude to Germany in November
Kazakhstan shipped 225,000 tonnes of crude to Germany via the Druzhba pipeline in November, maintaining the same level as in October.
Kazakhstan to raise crude shipments via BTC pipeline by 30% in December
Kazakhstan is set to raise its crude shipments through the Baku–Tbilisi–Ceyhan (BTC) pipeline by about 30% in December compared with November.
Slovak Economy Minister Saková claims Bratislava negotiated extension of Russian gas imports
Slovakia has a valid contract with Gazprom until 2034 and opposes EU plans to phase out Russian fossil fuel imports by 2027.
“Very scary” attacks on Black Sea tankers threaten safety of all in region, says Turkish foreign minister
"Very scary" attacks on Russia-linked tankers in the Black Sea threaten the safety of all in the region, Turkish Foreign Minister Hakan Fidan said on December 3.
Indian companies preparing technological equipment for Mongolia’s first oil refinery, first components reported ready for shipment
Russian oil exports reshuffled as non-sanctioned firms offset decline from Lukoil and Rosneft
US investment bank Goldman Sachs reports that the oil exports by Russia’s recently sanctioned energy giants, Lukoil and Rosneft, have fallen by 1.1mn barrels a day, while those of non-sanctioned companies are up the same amount.
Turkey in November sharply cut imports of Russia’s flagship Urals crude amid turning of sanctions screw
Tyre-burning greenhouses among those targeted in Tashkent-centred clean-up amid air pollution crisis
Uzbekistan is stepping up efforts to ensure greenhouses around the capital Tashkent run on clean or cleaner energy, given dirty emissions that have contributed to the city’s air pollution crisis.
Azerbaijan’s crude oil pipeline revenues fall 3.6% in January–September, gas transit income rises
COMMENT: Putin's India visit signals push for major overhaul in relations
In FY2024-25 Russia's bilateral trade with India was propelled almost entirely by New Delhi's voracious appetite for discounted Russian crude
New sea drone attack on ship sailing near Turkey reported, Ukraine claims Russia may have staged incident
A new sea drone attack on a Russia-linked ship off the Turkish coast was reported on December 2, but Ukraine denied involvement, claiming that Moscow may have staged the entire incident.
Surging US and Russian LNG exports push gas prices to 18-month low
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent.
Poland emerges as regional gas hub on record 2025 transmission volumes
Poland is emerging as a regional gas hub after setting a new record for natural gas transmission in 2025. Gaz-System, the state-owned transmission system operator, is on track to deliver a record 20bcm this year.
IntelliNews Lambda: Europe’s gas storage is back to normal
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent. That has led to comfortably full gas tanks and the lowest deviation from the baseline in 15 years.
Profit of Russian Gazprom Neft down 37% in 9M25
Kazakhstan targets rise in gas output to 74 bcm by 2030
Kazakhstan plans to increase natural gas production from about 59bn cubic metres (bcm) in 2024 to roughly 74bcm by 2030.
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