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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 raises 2025 production targets at Kashagan and Karachaganak oil fields
Kazakhstan has upped its 2025 oil production forecast at Kashagan, the country’s largest offshore oil field, to 18mn tonnes, Kursiv reported on June 23, citing a statement from KazMunayGas (KMG), a unit of the Samruk-Kazyna sovereign wealth fund.
Russia offers to supply LNG and energy technologies to Mexico
Concerns Trump could use Mexico’s energy dependence on US as leverage have caused the country to weigh gas imports from Russia.
Russian Novatek gas major launches Northern Sea Route shipments
Russian natural gas and liquefied natural gas producer Novatek dispatched its first LNG shipment of the 2025 season via the eastern sector of the Northern Sea Route on June 20.
Russia eyes LNG exports to Thailand
Russia wants to begin exports of LNG to Thailand, with discussions currently underway involving producers based in Sakhalin and the Arctic.
Planning for Vorkuta gas chemicals complex near completion
The Vorkuta gas chemicals project, first announced at the Eastern Economic Forum in 2024, is progressing rapidly, despite less than a year having passed since the initial agreement was signed.
Kazakhstan ends investor talks on Karachaganak gas processing plant
Kazakhstan has suspended negotiations with shareholders of the Karachaganak oil and gas field over the proposed construction of a gas processing plant, after consortium members demanded an additional $1bn on top of full project costs.
CPC to launch legal action over Ukrainian drone strike on pumping station
The Caspian Pipeline Consortium plans to initiate legal proceedings following a Ukrainian drone attack on its Kropotkinskaya oil pumping station in Russia’s Krasnodar region.
Russian pipeline gas exports to Europe, Turkey to drop 40% by end-2027: study
Russian pipeline gas exports to Europe and Turkey could fall by 40% to 29bn cubic metres (bcm) annually by the end of 2027 versus the level in 2024, according to a study by Russian consultancy Implementa.
Sechin on the future global energy outlook
Sechin warned that the push for a complete transition to ‘clean’ energy risks “driving humanity into energy regression.”
Russia's Gazprom strikes deals with China on Far Eastern gas route
Russia’s Gazprom has reached two agreements with China’s CNPC and PipeChina covering the supply of Russian natural gas to China and the operation of a cross-border pipeline segment
CEO of Kazakhstan's KMG urges faster progress on Rozhkovskoye field
KMG CEO Askhat Khasenov visited the Rozhkovskoye field in West Kazakhstan during a working trip to the region.
COMMENT: Georgia goes from sanctions-dodging transit country to Russia’s oil export backdoor into Europe
Georgia has long been suspected of being a major transit country for European sanctioned goods travelling to Russia, but now it appears the trade is flowing in the other direction: Georgia has become a major backdoor into the EU for Russian oil.
Kazakhstan's oil and condensate output projected to rise to 2.14mn bpd in June
Kazakhstan's average daily production of oil and gas condensate is projected to increase to 285,000 tonnes in June, equivalent to approximately 2.140mn barrels per day (bpd), Reuters reported on June 20, citing the Ministry of Energy.
Russian natural gas major Novatek raises $350mn in dollar bonds
Russian natural gas major Novatek raised $350mn in US dollar bond placement, 50% above the initial guidance.
Ukraine to import at least 4.6 bcm of gas in 2025 due to Russian attacks, says minister
Ukraine will be forced to import no less than 4.6bn cubic metres of natural gas in 2025 as a result of Russian missile and drone attacks on domestic gas production infrastructure.
Russian ghost ship towed from Gdynia for scrapping in Denmark
Polish authorities began the removal of the derelict Russian oil tanker Khatanga from the Port of Gdynia after years of abandonment.
Caspian Pipeline Consortium plans legal claim over Ukraine drone strike
The Caspian Pipeline Consortium (CPC) is preparing to file a claim against Ukraine over a drone strike that cost the company an estimated RUB2.7bn ($34mn) in damage, the company’s general director Nikolay Gorban announced on June 18.
Putin acknowledges Kazakhstan’s push to diversify oil exports, affirms Russian support
Russian President Vladimir Putin said Moscow is prepared to support Kazakhstan’s efforts to diversify oil export routes, even as the vast majority of Kazakh crude continues to flow through Russian territory.
Russia ready to provide cheap gas, crude oil despite difficulties, Hungarian FM says in St. Petersburg
Despite international tensions and European Union efforts to curb energy cooperation with Russia, Hungary will continue to rely on Russian natural gas and crude oil to ensure stable and affordable energy supplies.
Chinese firms lead pipeline tenders at Chevron-operated Tengiz field in Kazakhstan
Chinese companies are securing leading positions in pipeline construction tenders at Tengiz oilfield in Kazakhstan, operated by US multinational Chevron, Upstream reported on June 17, citing sources familiar with the project.
Turkmenistan’s gas export expansion deals with China, Iraq and Turkey could all be in trouble
Chinese President Xi Jinping only made vague comments for media consumption about China boosting natural gas cooperation with Turkmenistan when he met the Central Asian country’s President Serdar Berdimuhamedov this week.
Kazakhstan to invest $15bn in oil and gas chemical sector through six strategic projects
Kazakhstan plans to invest $15bn in its petrochemical sector through six major projects, aiming to shift from raw material exports to value-added industrial production.
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