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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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Serbia pushes for gas deal in Beijing meeting with Putin
Russia remains a key supplier of energy to Serbia and an ally in Belgrade’s dispute with Kosovo, despite strains in their relationship over the war in Ukraine.
Don't overstate the China-Russia gas deal
Russia, China and Mongolia have signed a memorandum on the long-discussed Power of Siberia 2 pipeline, but Beijing remains cautious about locking itself into major new supplies from Moscow.
Russian petrochem major Sibur eyes $400mn bond sale, IPO still on the cards
Russian petrochemical major Sibur opened the order book on August 28 for its new five-year US dollar-denominated bonds series 1R-08 with a fixed monthly coupon and a volume of up to $400mn, according to Cbonds.
Profits of Russian oil majors plummet in 1H25
Russian oil majors see their profits drop two- to three-fold across the board in 1H25
Kazakhstan’s Energy Ministry says no disruption to oil exports despite CPC mooring point shutdown
Kazakhstan’s Energy Ministry said oil exports through the CPC pipeline are continuing without disruption despite the temporary shutdown of one of the system’s offshore loading points on the Russian Black Sea coast following an oil spill.
TAP delivers over 50 bcm of Azerbaijani gas to Europe since launch
TAP delivered over 50 bcm of Azerbaijani gas to Europe since launch
Uzbekistan’s gas imports outpace exports despite higher sales to China
Uzbekistan brought in more natural gas than it shipped abroad between January and July, the state statistical agency has reported.
Chinese terminal accepts first LNG cargo from sanctioned Arctic LNG 2 plant
Russia’s huge Arctic LNG 2 plant has been unshackled, finally finding a buyer for its cargos after being unsuccessful last summer.
COMMENT: Russia’s size is its Achilles’ heel as Ukraine targets its oil infrastructure
Since August the Armed Forces of Ukraine has mounted a continuous barrage on Russian refineries that has reduced output by 20%. Russia is so big that the Kremlin can’t protect all its pipelines and refineries.
Russia offers Niger nuclear deal as France loses influence
Russia has proposed building Niger’s first nuclear power plant, signalling a deepening partnership in civilian atomic energy and challenging France’s longstanding role after Niamey seized and nationalised some uranium assets.
ExxonMobil held secret Kremlin talks on a return to the Russian market
US oil major ExxonMobil held secret talks with the Kremlin on a possible return to working in Russia, the Wall Street Journal reports
Russian thermal coal exports recover in 1H25
COMMENT: Can Russia weather Ukrainian drone attack fuel crisis?
Russia is once again navigating a familiar crisis: surging gasoline prices, empty fuel pumps, and mounting pressure on its domestic supply system. This is not the first time Russia has faced a fuel crisis, but this one is especially bad.
EU commits to huge increase in energy imports from US - Statista
One of the key components of the trade deal that the European Union and the US agreed upon on July 27 is the EU’s commitment to massively ramp up energy imports from the United States, Statista reports.
Azerbaijan, Iran agree to extend gas supply for Nakhchivan
Russia’s Gazprom and Mongolia ink memorandum on deepening partnership in oil and gas
Russia’s Gazprom and Mongolia have signed a memorandum of cooperation on deepening partnership in the oil and gas sector, the Russian energy giant said on August 26.
Ukraine’s Naftogaz and Norway’s Equinor sign cooperation memorandum
Ukraine’s state-owned energy company Naftogaz said it had signed a memorandum of cooperation with Norwegian oil and gas major Equinor aimed at sharing expertise and exploring joint projects.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Kazakhstan pursues $4.4bn fine against Kashagan oilfield consortium
A regional ecological department of Kazakhstan is reportedly pressing ahead with a fine of about $4.4bn against the North Caspian Operating Company (NCOC), the international consortium developing the Kashagan oilfield.
Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025
Azerbaijan earns $799mn from gas pipelines, $308mn from oil pipelines in H1 2025
Russian gas major Novatek to pay 2024 and 1H25 dividend
The board of Russian natural gas major Novatek recommended an interim dividend of RUB35.5 per ordinary share for 1H25, according to the announcement of the company.
War of words escalates between Budapest Brussels and Kyiv following the latest Druzhba oil pipeline attacks
US President Donald Trump is very angry with Hungarian Prime Minister Viktor Orban over the attacks on Russia’s Druzhba oil pipeline that lead to an exchange of irate letters over the weekend.
Russian President Putin signs a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project
Russian President Vladimir Putin has signed a decree allowing ExxonMobil to potentially return to the Sakhalin-1 oil project, opening the door for renewed US-Russia energy cooperation days before the start of the Alaska summit.
Ukraine has made Russia’s refining sector a strategic liability
Russia’s ability to produce fuel is under attack. In the Far Eastern region of Primorye, kilometre-long queues at filling stations have already appeared and petrol prices are soaring as a fuel crisis gathers momentum.
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