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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-Vietnamese JV brings new White Tiger oil platform on stream two months ahead of schedule
Vietnamese-Russian joint venture Vietsovpetro has commenced commercial oil production from its BK-24 wellhead platform at the Bach Ho (White Tiger) oilfield more than two months ahead of schedule, the partnership reported last week.
KazMunayGaz launches new exploration phase at Ozen North block
Kazakhstan’s national oil and gas company KazMunayGaz has reportedly approved the next stage of its exploration programme aimed at expanding long-term production opportunities for its largest wholly owned subsidiary, Ozenmunaygaz.
Kazakhstan’s oil output rises 13% to 75.7mn tonnes in first three quarters
Kazakhstan produced 75.7mn tonnes of oil and condensates between January and September, marking a 13.2% increase compared with the same period of last year, The Caspian Post reported on October 14, citing Energy Minister Yerlan Akkenzhenov.
Russia’s oil revenue slips as refinery outages curb product exports
Russia’s oil revenue declined again in September to $13.35bn, as repeated drone attacks on refineries curtailed fuel exports despite a rise in crude shipments, the IEA reported
India says Mongolia’s first oil refinery expected to start operating in 2028
Mongolia’s first oil refinery, constructed by a project that led by Indian contractors, is expected to begin operations in 2028, India's foreign ministry said on October 14.
Indian state refiners cut Russian crude imports by over 45% amid rising freight costs and US pressure
India’s state-owned oil refiners have reduced Russian crude oil purchases by more than 45% between June and September, redirecting volumes to Iraq as freight costs rise and diplomatic pressure from the United States intensifies
Are four-fifths of Russian refining capacity really offline?
The severity of Russia’s fuel crisis has been exaggerated.
Gazprom signs memorandum of intent to build new gas pipeline linking Russia and Kazakhstan
Russian energy company Gazprom and the government of Kazakhstan have signed a memorandum of intent to build a new natural gas pipeline connecting the two ex-Soviet states, Caspian News reported on October 13, citing Gazprom.
West Kazakhstan launches 14 joint projects with Chinese investors worth KZT 134bn
West Kazakhstan Region has advanced 14 major investment projects in partnership with Chinese enterprises, official state news agency Kazinform reported October 13, citing the regional government’s press service.
Russia lifts September oil output but stays just under OPEC+ cap
Russia’s crude oil production increased to 9.321mn barrels per day (bpd) in September, up by 148,000 bpd from August
Amid drone strikes in Russia, Kyrgyzstan’s gasoline reserves reportedly down to one month of market coverage
Kyrgyzstan’s current gasoline reserves are only sufficient to cover market demand for one month, The Times of Central Asia (TCA) said on October 13, citing participants in a recent meeting convened by the Antimonopoly Regulation Service.
Kyrgyzstan warns of fuel shortages
Local officials attribute the shortfall to refinery maintenance and disruptions in Russia, whose downstream sector has been hit by drone attacks in recent months.
Uzbekistan, Azerbaijan press ahead with joint gas exploration
Uzbekistan’s national oil company Uzbekneftegaz and Azerbaijan’s SOCAR are moving ahead with an ambitious exploration venture on the Ustyurt plateau under a production-sharing agreement signed in July 2025.
Kazakhstan aims high in gas production
Kazakhstan has seen rising gas consumption over recent years, though its production has failed to meet this growth.
Russia’s seaborne fuel exports fall 17% after refinery drone strikes
Russia’s seaborne oil product exports declined 17% month-on-month in September to 7.58mn tonnes after a series of drone attacks disrupted operations at several major refineries, tightening domestic supply and shifting export flows
BP pushes ahead with project to electrify key Azeri oil and gas terminal
Site works are under way, including earthworks and internal road construction.
Gazprom's domestic sales arm restructures
The restructuring comes as Gazprom looks to rein in costs, having lost most of its share of the European gas market over the past three years.
China’s exports to Russia fall 21% in September
China’s yuan-denominated exports to Russia dropped 21% year on year in September to CNY63.11bn ($8.85bn), marking a sixth consecutive monthly decline and the steepest fall since February
COMMENT: Ukraine's drone attacks on Russian refineries have probably reduced throughput by 30.4%, less than headline figures suggest
Ukraine has been hitting Russian refineries and caused a fuel crisis that has spead across multiple regions. The headline figure is that oil refining has been reduced by 38% since August, but digging into it and the reduction is likely less.
Gazprom CEO defends role of gas in energy transition
Miller highlighted the rapid expansion of data centres as a key factor boosting demand for gas-fired power generation, describing it as “reliable and predictable.”
Russia to miss gas production targets in its energy strategy
This implies gas production will not exceed 788 bcm by 2030 — below the volumes envisaged in both the target and inertial scenarios of Russia’s Energy Strategy to 2050.
SOCAR interested in developing oil and gas fields in Turkmenistan
SOCAR interested in developing oil and gas fields in Turkmenistan
Russia’s Nabiullina says petrol price rise is temporary
Nabiullina said the recent increase in petrol prices is a temporary, supply-driven shock that may slow the decline in inflation expectations but does not pose a risk of entrenched inflation
Russian strikes destroy over half of Ukraine’s gas output ahead of winter – Bloomberg
Russian missile and drone strikes have destroyed more than half of Ukraine’s natural gas production capacity just weeks before the onset of winter.
Russia lifts fuel output as refineries recover and oil nears OPEC+ quota
Russia has increased fuel production and is moving closer to its OPEC+ oil quota as domestic refineries recover from drone attacks, Deputy Prime Minister Alexander Novak said
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