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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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Kazakhstan ships 180,000 tonnes of oil to Germany via Druzhba pipeline in September
Kaztransoil, the operator of the Russian section of the Druzhba pipeline, said on October 2 that Kazakhstan exported 180,000 tonnes of oil to Germany through the route in September, Reuters has reported.
Kazakhstan’s Karachaganak oil output falls sharply during Russian plant maintenance
Oil production at Kazakhstan’s Karachaganak field reportedly dropped to 200,000 barrels per day (bpd) in September, down from 264,300 bpd in August, as maintenance work at Russia’s Orenburg gas processing plant (GPP) constrained output.
Russian petchem firm Sibur approves dividend for H1
Russian petrochemicals major Sibur has approved dividend payments for the first half of 2025.
SOCAR signs partnership with SLB on redevelopment of Caspian oil fields
SOCAR signs partnership with SLB on redevelopment of Caspian oil fields
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Russian petchem firm Sibur approves dividend for H1
Russian petrochemicals major Sibur has approved dividend payments for the first half of 2025.
Kazakhstan predicts boost in oil exports to Germany
Kazakhstan expects to boost oil exports to Germany this year to around 1.7mn tonnes (34,000 barrels per day), up from 1.5mn tonnes in 2024.
Russia eyes first gas from Sakhalin-3 in 2028
Russia is expected to begin natural gas production at the long-delayed Sakhalin-3 development off the coast of the Far East in 2028.
Allied Biofuels moves forward with $5.9bn sustainable aviation fuel project in Uzbekistan
Uzbekistan-registered Allied Biofuels FE LLC has reached land and water agreements with the Khorezm regional government to move forward with a $5.9bn plan to build Central Asia’s first integrated biorefinery for zero-carbon aviation fuels.
EIB provides €300mn loan to bolster Ukraine’s energy sector ahead of winter
The European Investment Bank (EIB) has signed a €300mn loan agreement with Ukraine’s state energy company Naftogaz to strengthen energy security and prepare for the winter heating season.
Fitch affirms SOCAR rating at BBB- with stable outlook
Fitch affirms SOCAR rating at BBB- with stable outlook
Fitch downgrades SOCAR-owned Turkish petrochemical producer Petkim to 'CCC' on “very weak” profitability
Fitch Ratings late on September 29 downgraded Turkish petrochemical producer Petkim Petrokimya Holdings’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC+', citing continuing weakness in the European chemical market.
AIM-quoted Mongolian oil company Petro Matad receives “first oil revenues in its history”
Presenting its 1H25 financials, AIM-quoted Mongolian oil company Petro Matad said on September 29 that it had received “the first oil revenues in its history”.
Drivers in Kyrgyzstan complain price of full tank of gasoline has doubled amid drone strikes on Russian refineries
Some drivers in Kyrgyzstan have complained that the price of a full tank of gasoline has doubled in recent weeks amid fuel shortages widely thought to be linked to lower exports from Russian refineries put out of action by Ukrainian drones.
Russia extends gasoline export ban
Bulgaria to end Russian gas flows to Hungary, Slovakia by 2027
Bulgaria, the European Union’s last entry point for Russian pipeline gas, plans to end Russian gas flows to Hungary and Slovakia by 2027.
ExxonMobil, Rosneft reportedly strike deal on Sakhalin claims
ExxonMobil and Russia’s Rosneft have signed a preliminary agreement that could pave the way for the US oil major to recover $4.6bn in losses incurred when it exited the Russian market in 2022.
How Azerbaijan's oil prince went from dining with Messi to facing decades in prison
Adnan Ahmadzada is accused of contaminating 200,000 tonnes of his country's oil exports with corrosive chemicals and facilitating billions in Russian sanctions evasion.
Kazakhstan oil output climbs in August on major field gains
Kazakhstan’s oil and condensate production rose to 8.885mn tonnes in August, up from 8.631mn tonnes the previous month, Reuters reported on September 26, citing official data.
Russia says Ukrainian drone strikes on CPC infrastructure against US interests
Russia’s Foreign Ministry said on September 26 that recent Ukrainian drone strikes on Caspian Pipeline Consortium (CPC) facilities undermine the interests of the United States, Kazakhstan, Russia and global energy security, Reuters has reported.
Ukraine considers banning oil products imported through Romania's Constanța port
The main wholesale operators of petroleum products in Ukraine expect the Constanta port in Romania to fall under sanctions due to suspected Russian-origin products in blended imports arriving from India.
BP forecasts global LNG exports to increase through 2035
Supermajor BP expects LNG demand to climb to 900bn cubic metres by 2035, the British energy company predicted in its Energy Outlook.
Serbia secures extra Azerbaijani gas for winter
Serbia has agreed with Azerbaijan to secure additional gas supplies for the coming winter and completed talks on the construction of a joint natural gas power plant near the southern city of Niš.
Russia’s Arctic LNG 2 plant appears to load first cargo at second train
Satellite images reveal a tanker docked at the sanctioned plant’s second production unit which began producing LNG in May.
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