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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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Turkish refiner Tupras resumes imports of Russian oil
Turkey’s largest refiner Tupras has resumed buying Russian Urals crude following the decline in its price on the oil market.
Azerbaijan State Oil Fund revenues from ACG and Shah Deniz decline in Q1, strategic reserves reach $73.8bn
ICIJ investigation reveals details of confidential arbitration ruling over Kashagan oil revenue sharing dispute
OPEC+ receives updated commitments from overproducers
OPEC+ has reportedly received updated commitments from Kazakhstan, Iraq and other member states to implement further oil production cuts in an effort to compensate for previous overproduction.
Turkey’s Tupras reportedly resumes Russian Urals crude purchases as oil cost falls below price cap
Number one Turkish oil refiner Tupras has reportedly returned to buying Russian Urals crude cargoes amid falling world oil prices.
China spikes Gazprom gas export plan in Central Asia
Russian energy company keeps gushing red ink.
China questions feasibility of gas exports from Russia to China via Kazakhstan
Chinese Ambassador to the Russian Federation Zhang Hanhui has warned that the proposed route for Russian gas exports to China via Kazakhstan may be economically unfeasible, citing infrastructure constraints and high construction costs.
Kazakhstan's KMG sells 60% stake in Polymer Production to Russia’s SIBUR
Kazakhstan’s KMG has sold a 60% equity stake in Polymer Production to Russia’s SIBUR, a petrochemical holding, in a move to revive the dormant biaxially-oriented polypropylene (BOPP) film production facility.
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Russia to expand LNG exports, pivot towards friendly markets in 2050 energy strategy
Russia has unveiled a new energy strategy targeting 2050 that includes a significant expansion of LNG exports and a reorientation of oil and gas trade toward so-called friendly markets.
Kazakhstan targets 25% rise in natural gas production by 2030
Kazakhstan plans to increase its annual natural gas production to 74bn cubic metres (bcm) by 2030 from 59 bcm recorded in 2024, Deputy Minister of Energy Alibek Zhamauov announced at the Energy Trends: Gas & Petrochemicals forum in Astana.
Kazakhstan oil output falls 3% in early April but remains above OPEC+ quota
Kazakhstan’s crude oil production reportedly declined by 3% in the first two weeks of April compared to the March average.
Turkmenistan invites participants to an environmental dialogue: registration now open for the international scientific and practical conference TESC 2025
Registration is available via the official TESC 2025 website.
EU ends heating season with three-year low in gas storage volumes
The EU closed the 2024/25 heating season with just 37.2bn cubic metres of gas in underground storage, marking its lowest end-of-season level since 2022, according to data from Gas Infrastructure Europe.
Russia's major drillers see significant slowdown in profit growth
Russia’s largest oilfield service companies experienced a sharp slowdown in profit and revenue growth last year, as rising costs, equipment constraints and cautious strategies under international sanctions pressured financial performance.
Russia bullish on oil and gas production in new long-term energy strategy
Russia plans to increase natural gas output by more than a third and expand oil production slightly by 2050 under a new energy strategy.
Kazakhstan's KMG sells controlling stake in petchem project to Russia's Sibur
KazMunayGas has sold a controlling 60% stake in Kazakhstan’s idle Polymer Production plant to Russian petrochemical group Sibur.
Gazprom ends upstream operations in Uzbekistan
Gazprom has ceased operations at the Shakhpakhty gas field in Uzbekistan’s Karakalpakstan region, following the expiration of its production-sharing agreement last summer.
Kazakh oil output drops in April but remains well above OPEC+ quota
Kazakhstan’s oil production fell during the first half of April but remains well above its OPEC+ quota, following months of non-compliance with the output limits set by the alliance.
Kazakhstan risks gas shortages without price reform to spur investment
Kazakhstan risks facing a natural gas shortage unless it urgently reforms its pricing policy and attracts investment into infrastructure and production.
Estonian navy detains Russian 'shadow fleet' oil tanker, inspection revealed 40 deficiencies
Russia's Novatek reports slight uptick in production in Q1
Russia’s largest independent gas producer Novatek reported a 1% year-on-year increase in total hydrocarbon production in the first quarter of 2025, reaching 169.1mn barrels of oil equivalent.
Ukraine-US mineral talks stall as Trump administration demands control of Russian gas transit
High-level negotiations between Ukraine and the United States over a long-discussed mineral deal reached a standstill on April 10 after American officials demanded control over the Russian gas transit pipeline crossing Ukrainian territory.
Heads of leading international energy organisations to address at TEIF 2025 in Kuala Lumpur
Registration for in-person participation in TEIF 2025 closes on 15 April 2025.
Managing methane emissions in the Trump era: interview
Beyond an earnest desire to minimise the environmental impact of operations, it also pays for investors to take the issue seriously, Clayton Nash, the director of emissions solutions at Colorado-based Tegre, tells Newsbase.
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