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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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Turkish Petroleum to join hydrocarbon field development in Kazakhstan
Turkey’s state-owned oil and gas company, Turkish Petroleum, will participate in the development of hydrocarbon fields in Kazakhstan, Finance.kz has reported, citing Kazakh Energy Minister Almassadam Satkaliyev.
Russia proposes 2.5mn-tonne increase in oil transit to China via Kazakhstan pipeline
Russia has proposed raising its annual oil transit to China through Kazakhstan’s Atasu–Alashankou pipeline by 2.5mn tonnes, The Times of Central Asia reported on August 1.
Kazakhstan to raise oil exports via BTC pipeline to 1.7mn tonnes in 2025
Kazakhstan plans to increase oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7mn tonnes in 2025, Xinhua reported on July 31, citing Minister of Energy Yerlan Akkenzhenov.
Moldova orders Lukoil to sell jet fuel facility at Chisinau Airport
The Council for Consideration of Investments Significant for State Security has instructed Lukoil-Moldova to sell its oil complex located near Chisinau International Airport within 45 days.
Moldovagaz faces loss of gas supply licence over failure to unbundle
The National Agency for Energy Regulation (ANRE) of Moldova will decide on August 4 whether to revoke the natural gas supply licence of Moldovagaz, which is controlled by Russian energy giant Gazprom.
OPEC+ nations to increase oil production by 547,000 barrels per day in September
Eight OPEC+ countries will implement a production adjustment of 547,000 barrels per day in September.
Azeri crude exports disrupted as BTC pipeline declares force majeure after contamination
Azeri #crude exports disrupted as #BTC pipeline declares force majeure after contamination #bne #Azerbaijan
Ukraine imposes sanctions on 94 "shadow fleet" captains from multiple countries
Ukraine has imposed sanctions on 94 individuals from Russia, Myanmar, Iran, Pakistan, China, India, Bangladesh and Georgia, as well as five oil transportation companies.
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Russia appears to use pipeline to supply gas to Uzbekistan via Kazakhstan.
Kazakhstan reviews its big oil contracts looking for a better deal
COMMENT: Kazakhstan is reviewing its big oil contracts Kazakhstan has begun laying the groundwork for a revision of the contracts it signed with big oil in the 1990s when the country was flat on its back.
Can India dump Russian oil imports completely if Trump’s secondary sanctions appear?
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.
OSCE sets out to help Turkmenistan fulfil Global Methane Pledge commitments
A “Standard on oil and gas methane” developed by an international expert has been presented by the Organization for Security and Co-operation in Europe’s OSCE Centre in Ashgabat to state concerns Turkmengas and Turkmenoil.
Syria inaugurates Azerbaijan gas pipeline through Turkey
Syria has inaugurated a regional gas transmission line linking the country with Azerbaijan through Turkey.
India to continue buying Russian oil despite Trump's threats
Indian officials have said they would keep purchasing oil from Russia despite threats of penalties from US President Donald Trump.
Leading Kazakh business figures unite to form Kazakhstan Investors Union
Kazakhstan’s most prominent business leaders have established a new organisation, the Kazakhstan Investors Union (KIU), aimed at improving the investment climate and advancing the country’s economic development, Kursiv reported on July 31.
Mongolia-focused and ASX-listed Jade Gas considers Hong Kong dual listing
ASX-listed Jade Gas—an exploration company that is focused on the coal bed methane (CBM) gas project in the Tavantolgoi basin in Mongolia’s South Gobi region (the TTCBM Project)—said on July 31 it is considering a dual listing in Hong Kong.
Czech Republic receives contaminated Azeri oil shipment
Czech authorities are investigating the delivery of a cargo of Azeri crude oil found to contain excessive levels of organic chlorides, raising concerns over potential refinery damage and disruptions to supply.
Kazakhstan continues talks to expand Russian oil transit to China
Kazakhstan is continuing negotiations with Russia aimed at increasing the volume of Russian crude oil transiting through its territory to China.
Kazakhstan pushes ahead with refining overhaul plans
Kazakhstan is planning a major overhaul of its downstream sector that would see the country’s oil refining capacity double in the coming years, according to senior government officials.
Indian refiners reportedly stop buying Russian oil
The suspension, which reportedly began last week, follows mounting pressure from the US and other G7 nations warning of secondary sanctions against buyers circumventing the $60 per barrel price cap on Russian oil.
Novatek suffers steep fall in profit in H1
Russian gas producer Novatek reported a 34% drop in net profit attributable to shareholders under IFRS for the first half of 2025, despite higher revenues and increased hydrocarbon production.
Russia's Gazprom narrows losses in H1
Russia's state-controlled gas giant Gazprom reported a net loss of $121mn for the first half of the year.
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