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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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Turkey’s Russian Urals crude oil imports in October look set to match those of September
Turkey reportedly looks set to maintain its imports of Russian Urals crude oil in October at around 280,000 barrels per day (bpd), with the figure forecast to be flat against the September intake.
Ukrainian military strike for first time disrupts operations of Western oil majors
Drone attack damage caused to Russian gas processing plant forces scaling back of output at Kazakh field partly owned by Chevron, Shell and Eni.
Russia’s Russneft delivers first oil cargo to Georgia’s new Kulevi refinery
Ship-tracking data from LSEG and industry sources confirm that the tanker Kayseri delivered 105,340 tonnes of Siberian Light crude from Russia’s Black Sea port of Novorossiysk to the Kulevi Oil Terminal on Georgia’s Black Sea coast on October 6.
Ukraine secures gas supply agreements worth $2bn ahead of winter, says Zelenskiy
Ukraine has secured agreements for up to $2bn worth of gas supplies to safeguard the country in the event of a difficult winter, President Zelenskiy said on 19 October, as pressure on Ukraine’s energy system mounts amid intensified Russian attacks.
TAPI pipeline advance into Afghanistan measures 14 km, says Taliban official
The laid pipeline of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) has advanced 14 kilometres (8.7 miles) inside Afghanistan, according to the Deputy Minister of Economy of the Taliban-controlled Afghan government.
Russia expanded natural gas supplies to Uzbekistan, Kazakhstan and Kyrgyzstan by 15% in first eight months, says Gazprom chief
Russia increased natural gas supplies to Uzbekistan, Kazakhstan and Kyrgyzstan by 15% in the first eight months of 2025, according to Gazprom CEO Alexey Miller, as per Spot.
Russia, Kazakhstan and Belarus hold fuel supply talks amid regional shortage risks
Russia’s Energy Ministry has held talks with Kazakhstan and Belarus about potentially obtaining imports of petrol and diesel fuel, Kursiv reported on October 20, citing reports from the Russian Telegram channel Polkovnik Chernov.
Is Azerbaijan entering a post-oil growth phase?
In a recent analytical report, APA-Economics portrayed Azerbaijan’s economic trajectory as entering a new “turning point,” arguing that the country’s growth is now increasingly shaped by non-oil sectors rather than hydrocarb
EU sets 2028 deadline to end Russian gas imports under phased ban
European Union energy ministers have approved a plan to end all Russian gas imports by 2028, introducing a phased ban on new and existing contracts.
EU energy ministers back plan to phase out Russian energy
EU energy ministers have endorsed a plan to phase out Russian oil and gas imports by January 2028.
Orenburg gas plant halts Kazakh intake after Ukrainian drone strike causes fire
The Orenburg gas processing plant in southern Russia has suspended intake of gas from Kazakhstan following a Ukrainian drone strike that triggered a fire at the site, officials in Moscow and Nur-Sultan said.
Houston’s Lummus Technology and KazMunayGas strike agreement for digital centre of excellence
Houston-based Lummus Technology and Kazakhstan’s KazMunayGas (KMG) have announced a preliminary agreement on establishing a digital centre of excellence in Atyrau, Kazakhstan.
Ukrainian drones strike Russia’s Orenburg gas processing plant, facility suspends intake of Kazakh gas
Russia’s Orenburg gas processing plant was forced to suspend its intake of gas from Kazakhstan following a Ukrainian drone attack, Kazakhstan's energy ministry said on October 19.
Daewoo E&C breaks ground on $784mn mineral fertiliser plant in Turkmenistan
Daewoo Engineering & Construction (Daewoo E&C) has broken ground on a $784mn mineral fertiliser plant in Turkmenistan, The Korea Herald reported on October 17.
London-listed junior set to acquire oil and gas licence in west Ukraine
London-listed Pennpetro Energy has signed heads of terms (HoT) to acquire full ownership of the Limnytskyi oil and gas exploration licence in western Ukraine through a newly formed Polish holding company.
EU pushes to close back door allowing imports of fuels produced from Russian oil
The EU has issued detailed guidance requiring importers of refined fuels to prove that shipments entering the bloc are not produced from Russian crude oil, tightening enforcement ahead of a new sanctions measure due to take effect in early 2026.
SOCAR eyes involvement in Kazakhstan's Dunga oil project
Azerbaijan’s state oil company SOCAR is seeking to join Kazakhstan’s Dunga oil project as part of its strategy to expand in Central Asia and secure access to ultra-low-sulphur crude suited for producing cleaner marine fuels.
Putin discusses state of Russian energy sector
Russia's Transneft offers to design Hungary-Serbia oil pipeline
Russian pipeline operator Transneft has offered Serbia and Hungary assistance with the design and expert evaluation of a planned cross-border oil pipeline.
Kazakhstan blocks further fuel price hikes
Kazakhstan has imposed a moratorium on any further increases in retail prices of AI-92 gasoline and diesel.
Gazprom Neft denies report of new partner joining Salym Petroleum development
“The information does not correspond to reality,” chief executive Alexander Dyukov told reporters on October 16 during Russian Energy Week.
Kazakhstan seeks partner for Shygys hydrocarbon block
Kazakhstan’s national oil company KazMunayGas is seeking a strategic partner for the joint development of its Shygys exploration block in the Aktobe region.
China's Sinopec transfers stake in Russian petchems firm Sibur to Hong Kong unit
Cyprus, once a common jurisdiction for Russian joint ventures, has become less suitable following EU sanctions.
Gazprom sets new record for daily gas flow via Power of Siberia 1
The milestone was achieved on October 16, when exports via the route surpassed contractual levels for the fourth time since the pipeline reached its maximum contracted capacity in December last year.
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