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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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Russian LPG prices slump amid oversupply
The price of LPG in Russia has fallen sharply due to a seasonal drop in demand and an oversupply in the domestic market.
FSUOGM: RDIF, Gazprom to collaborate on domestic LNG development
UK sanctions 10 Russian “shadow fleet” tankers
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
The Institute of International Finance (IIF) has forecast a decrease in Russia’s fiscal breakeven oil price (the amount to balance the external current account) to $77 per barrel by 2025, supported by a recovery in oil and gas revenues.
Engineers India forecasts March 2026 construction completion date for Mongolia’s first oil refinery
Uzbekistan’s Saneg to reportedly process Afghan crude at Fergana refinery in first cross-border oil deal
Kazakhstan launches construction of first polyethylene plant
Global heating could exceed 3°C by end of century, say researchers
Methane emissions are rising faster than ever before, says new research led by Stanford University. The problem is so dire that global heating could exceed 3°C by the end of century, a level at which there would be chaos at an unprecedented level.
Turkmenistan launches large-scale projects with Afghanistan including a new phase of TAPI
Cadogan Petroleum to invest in Ukraine's energy sector, 10 MW of projects approved
British company Cadogan Petroleum plc aims to invest in new Ukrainian projects with a total capacity of around 10 MW.
Civilian drone production and polymer plans announced during Russia PM’s visit to Uzbekistan
US adds nine more Russian tankers to sanctions list
The US Department of Treasury has updated its SDN list, designating 19 individuals and 33 legal entities, including two Russian companies and nine tankers that sail under a Russian flag.
Azerbaijan reports 452.2 bcm of gas and 643mn tonnes of oil production from ACG and Shah Deniz fields up to September 2024
Since the start of operations at the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields up until September 1, 2024, Azerbaijan has produced a total of 452.2 bcm of gas and 643mn tonnes of oil (including condensate).
MOL reaches agreements securing Druzhba crude deliveries
Hungarian oil and gas company MOL has concluded agreements to secure the continuous transport of crude through the Druzhba (Friendship) pipeline through Belarus and Ukraine to Hungary and Slovakia.
SOCAR and Bulgaria's Asarel Medet to jointly implement gasification project in Panagyurishte
RDIF, Gazprom to collaborate on domestic LNG development
The Russian Direct Investment Fund and state gas producer Gazprom’s LNG tech unit have agreed to collaborate on investing in small and medium-scale LNG production and infrastructure projects.
Russia, Serbia must renew gas supply contract, says Putin
Russia and Serbia must address the looming expiry of their gas supply contract next year, Russian President Vladimir Putin said.
Azerbaijan’s Absheron gas field has produced 1.8 bcm of gas since production began
According to Azerbaijan's Ministry of Energy, approximately 1.8 bcm of gas has been produced at the Absheron gas-condensate field, located in the Azerbaijani sector of the Caspian Sea, since production began.
Amur region to set up polymer processing
The Amur region is set to establish an industrial park for polymer processing, following the launch of the Amur Gas Chemical Complex within a few years.
Dushanbe seeks Tatneft's help in launching long-delayed Dangara refining project
The Dangara project represents Tajikistan’s failed attempt to overcome total reliance on imports of petroleum products, mostly from Russia.
Iran seeks to commission small oil field in country's north
Iran is looking to extract crude oil from a small field in the north-western province of Ardabil to supply a major refinery in the region.
OPEC+ delays planned unwinding of cuts amid pressures
In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.
Washington tightens sanctions screws on Russia's Arctic LNG-2
The US has ratcheted up pressure on Russia’s Arctic LNG-2 development further, announcing sanctions on September 5 on two companies and two vessels with ties to the project.
Kazakhstan to see major drop in oil output in October amid Kashagan maintenance
Kazakhstan's energy ministry warned on September 6 that it anticipated a significant drop in oil output as a result of maintenance at the offshore Kashagan oilfield in October.
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