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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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LPG pressure builds in Uzbekistan as prices climb 30% in June
The exchange price of liquefied petroleum gas (LPG, primarily propane) in Uzbekistan has climbed more than 30% since the beginning of June, exacerbating concerns over energy affordability.
Middle East volatility could benefit Power of Siberia 2, but challenges remain
Still, getting Beijing to commit to such a large volume is still likely to prove difficult, for a number of reasons.
OGT 2025 – 30 years of energy leadership
Official registration is now open for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), which will take place from October 22 to 24, 2025, in Ashgabat.
Russia reportedly expresses interest in making regular LNG deliveries to Turkey
Russia is said to have expressed an interest in making regular liquefied natural gas (LNG) deliveries to Turkey and stands ready to participate in joint investment projects to develop the gas market there.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
Tanker docks at Arctic LNG 2 as Russia seeks to expand LNG presence
The sanctioned Novatek facility is central to Russia’s aspirations to expand its presence in the LNG exports sector.
Russia’s Gazprom to issue new yuan bonds
No 2024 dividend from Russia’s Gazprom
The shareholders of Russia’s natural gas major Gazprom at the AGM resolved to not pay the 2024 dividend.
Kazakhstan’s crude exports to Germany drop to 160,000 tonnes in June
Kazakhstan’s crude oil exports to Germany will fall to 160,000 tonnes in June from 230,000 tonnes in May, national energy company KazMunayGaz said on June 26.
Kazakhstan increases oil production in May despite OPEC+ pressure
Kazakhstan’s oil production reportedly rose by 2% in May, with the country continuing to defy mounting pressure from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) to reduce output.
Kazakh gas pipeline operator Qazaqgaz seeks local partners for gas upstream projects
Kazakhstan’s state-owned gas pipeline operator and producer Qazaqgaz has secured fresh backing from local investors to explore two prospective gas blocks, as it seeks to raise domestic production amid rising energy demand.
Russia's Lukoil acquire key oilfield service contractor
The move is expected to strengthen Lukoil's control over service operations but does not mark a return to full vertical integration.
Russian natural gas output falls 3.4% in 5M-2025
Natural gas production in Russia declined by 3.4% year on year in the first five months of 2025, while output of coke and petroleum products saw a modest 0.8% increase.
Russian petchems leader SIBUR breaks ground on catalyst production plant in Kazan
The company said the milestone would mark a major step toward securing technological self-sufficiency in the country’s polymer sector.
Russia aims high for expanding gas use in transport
Russia’s total consumption of natural gas as motor fuel could rise to 6.22bn cubic metres by 2035 under a baseline scenario, and up to 13.8 bcm in a more ambitious projection.
Former head of Russian oil junior faces $23mn in tax evasion charges
Prosecutors in Russia’s Khanty-Mansiysk region have referred to court a criminal case against the former director of oil company Kayum Neft, who is accused of evading nearly RUB2bn ($23mn) in taxes.
Russia once more weighs ban on gasoline exports
Russian authorities are weighing the reintroduction of a full ban on gasoline exports through to the end of October, amid tightening domestic supply linked to seasonal refinery maintenance and surging wholesale prices.
Russia’s switch to Murmansk after EU sanctions on LNG exports exposes fragile dependence on Western shipping – CREA
Russia’s attempt to reroute Arctic LNG exports through domestic waters following the European Union’s March 2025 transshipment ban has exposed a hidden vulnerability at the core of its energy strategy, Centre for Research on Energy and Clean Air.
Hungary seeks long-term Turkish gas transit deal to secure Russian energy supplies
Hungary is preparing to sign agreements with Turkey aimed at raising the volume and security of Russian natural gas supplies via the TurkStream pipeline, Hungarian Minister of Foreign Affairs & Trade Péter Szijjártó said during a visit to Ankara.
Turkmenistan’s gas export ambitions stall amid the Middle East conflict, pipeline setbacks
Turkmenistan’s hopes of becoming a major gas exporter beyond China have suffered another blow, as the war between Israel and Iran casts doubt over a key gas swap deal involving both countries.
KazMunayGaz raises 2025 Tengiz oil output forecast amid OPEC+ quota tensions
Kazakhstan’s national oil and gas company KazMunayGaz on June 24 reportedly raised its 2025 production forecast for the Tengiz oilfield to 35.7mn tonnes, up from the previously estimated 34.8mn tonnes.
CNOOC signs exploration deal for Zhylyoi Subsoil Area in Kazakhstan
China National Offshore Oil Corporation (CNOOC) has reportedly signed a production and exploration contract with Kazakhstan’s Ministry of Energy and the state-owned energy company KazMunayGas (KMG) for the Zhylyoi Subsoil Area.
Naftogaz demands $1.37bn from Gazprom after arbitration ruling
Ukraine’s state energy group Naftogaz has formally requested payment from Russia’s Gazprom to recover $1.37bn, following a binding international arbitration award issued in Zurich on June 20.
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