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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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ASX-listed TMK Energy reports record production at Mongolia coal seam gas project
TMK Energy (ASX: TMK) on November 5 announced record gas production during October at the pilot production project at its 100%-owned Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia.
Turkey arrests directors of fuel retailer TP after SOCAR complaint
Police describe around 18,500 tonnes of fuel as "missing".
Russian attacks on gas compressor stations threaten up to 40% of Ukraine’s winter production
Ukraine could lose as much as 30–40% of its domestic gas production during the upcoming heating season following Russian strikes on compressor stations.
Ukraine faces $750mn gap for winter gas purchases, seeks EU support
Ukraine is facing a $750mn shortfall to fund critical natural gas purchases ahead of winter, President Zelenskiy said, warning that the country needs about $2bn worth of gas to meet demand as Russian attacks continue to strain its energy system.
Kazakh parliament approves legal amendments to boost hydrocarbon and uranium sectors
Kazakhstan’s Majilis (Parliament) has approved at second reading a series of amendments to the Code on Subsoil and Subsoil Use aimed at improving the management of the country’s hydrocarbon and uranium resources, Kazinform has reported.
Germany increases Kazakh crude imports in October by 25% m/m
Germany has sharply increased its purchases of Kazakh crude, importing 225,000 tonnes through the Druzhba pipeline in October, marking a 25% rise from the previous month, Deutsche Welle has reported on its Russian-language Telegram channel.
Moldova works to manage impact of Lukoil sanctions on aviation fuel supply
The Moldovan Government is prioritising discussions on how to mitigate the effects of international sanctions imposed on Russian oil company Lukoil, the country’s main supplier of kerosene.
Kazakhstan’s oil output reportedly down by 10% in October
Kazakhstan’s crude oil production, excluding gas condensate, fell by 10% in October to 1.69mn barrels per day (bpd), Reuters reported on November 5, citing industry data and the news service’s own calculations.
Mongolia's oil production reportedly boosted by 2% since AIM-quoted Petro Matad brought second well online
Mongolia's oil production has moved up by towards 2% since AIM-quoted explorer Petro Matad (LON:MATD) brought a second well online in October, Upstream reported on November 5, citing an update provided by the company.
Will Trump’s Central Asia summit in Washington help break the Chinese chokehold on rare earths?
“Rare earths”. As Donald Trump on November 6 hosts Central Asia’s five presidents in Washington, DC, observers can forgive themselves if they quickly lose count of the number of times these buzzwords are uttered.
Gunvor CEO pledges “clean break” from Russian Lukoil
Russia and Turkey said to negotiate gas supplies renewal
Bulgarian president vetoes law on sale of Lukoil assets
Ukraine halts gas injection as energy system braces for harsh winter under Russian attacks
Ukraine has stopped injecting natural gas into its underground storage facilities as energy infrastructure struggles under continued Russian attacks and the country braces for could be its toughest winter since the start of the war.
Kazakhstan's KMG revises upward its 2025 production forecast for Kashagan and Karachaganak
Kazakhstan’s state-owned energy company KazMunayGas (KMG/KMGZ.KZ) has revised upward its 2025 production forecasts for two of the country’s largest oilfields — Kashagan & Karachaganak — Reuters reported on November 4, citing the company.
Kazakhstan’s KMG and Russia’s Lukoil continue work on joint projects amid US sanctions
Kazakhstan’s state oil and gas company KazMunayGas (KMG/KMGZ.KZ) & Russia’s Lukoil (LKOH.MM), recently placed under US sanctions, are continuing cooperation on joint projects in line with existing contractual obligations, Interfax has reported.
Turkmengaz to sign $108mn deal with Siemens Energy for repair of compressors, gas turbines, says report
State-run Turkmengaz is to sign a $108mn contract with Siemens Energy Global GmbH & Co. KG (ENR.DE, ENR:Xetra) for the repair of compressors and gas turbines, state media outlet Business Turkmenistan has cited a company official as saying.
Chevron CEO reportedly says negotiations with Kazakhstan off to “good start”
Chevron’s discussions with the government of Kazakhstan on an extension of its operating concession have begun on a positive note, Upstream reported on November 3, citing the company’s CEO Mike Wirth, who spoke during a quarterly earnings call.
Ukraine halts gas injections as heating season nears amid supply disruptions and Russian attacks
Ukraine has stopped injecting natural gas into its underground storage facilities as the heating season approaches, following weeks of reduced inflows caused by Russian strikes on energy infrastructure and maintenance work on Polish pipelines.
Kazakh oil service providers request intervention against 'unfair pricing practices’ by Chinese subcontractors
The Oil and Gas Council of Kazakhstan has called on Prime Minister Olzhas Bektenov to intervene in what it describes as unfair pricing practices by Chinese subcontractors operating in the country’s oil and gas chemical sector.
Japan faces calls from within for LNG restructuring as utilities assure public that there is little to be worried about
At present, Russia accounts for just under 10% of Japan’s total LNG imports, largely through the Sakhalin-2 project in the Russian Far East. The facility at Prigorodnoye, on the southern tip of Sakhalin, has supplied Japan since 2009.
Turkish refineries reportedly buying more non-Russian crude in response to sanctions
Turkey's largest oil refineries are reportedly purchasing more non-Russian oil as they react to the latest Western sanctions imposed on Russia in relation to its war in Ukraine.
Navigating headwinds, OPEC+ pivots to price defence for Q1 2026
In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share
Russia’s LNG exports soar by 21% in October
The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.
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