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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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Another Russian Arc7 begins sea trials
Russia’s newest ice-class LNG carrier, the Arc7 tanker Konstantin Posyet, has likely begun sea trials.
US allows Russian oil to flow amid Hormuz crisis
The US has temporarily authorised transactions involving Russian oil already loaded onto tankers, allowing sales of the cargoes until April 11 amid supply disruptions linked to the conflict in the Middle East.
Discounts on Russia’s Urals blend oil fall to zero
Russia is poised to reap a major financial windfall from rising global oil prices due to the war in the Gulf, after the discounts on the Urals blend of oil fell to zero in the last week
Swiss court upholds Naftogaz's $1.3bn claim against Gazprom
Dispute stemmed from a 2019 agreement between Gazprom and Naftogaz governing the transit of Russian natural gas through Ukraine.
Why Europe's gas price cap plan will backfire
Brussels is again considering a cap on gas prices to shield consumers from soaring energy costs, but the policy risks weakening Europe’s ability to attract LNG cargoes just as the bloc faces a difficult storage refill ahead of next winter.
Greek tanker set to load Kazakh oil hit by object near CPC terminal
A Greek-flagged oil tanker, the Maran Homer, was reportedly struck by an unidentified object early on March 14 while it awaited instructions on entering the Caspian Pipeline Consortium (CPC) terminal at the Russian Black Sea port of Novorossiysk.
Mongolia to rely on Russia for all petroleum product imports amid China ban on shipments
All of Mongolia’s imported petroleum products will come from Russia this year as China has banned such shipments, according to Mongolian Vice Minister of Industry and Mineral Resources Begzsuren Enkhtuvshin.
Gazprom presses on with major Arctic gas project despite loss of European market
Gazprom is pressing ahead with development of the giant Kharasavey gas field on the Yamal Peninsula even as the collapse of exports to Europe leaves the company searching for new markets for its Arctic gas.
US sanctions easing on Russian oil deepens rift with Europe amid energy shock
A decision Trump to ease some sanctions affecting Russian oil exports has triggered sharp criticism from European allies, exposing growing divisions within the West over how to balance pressure on Moscow with stabilising global energy markets.
Output at largest Kazakh oilfield Tengiz rises to 810,000 bpd on March 11
Oil production at Kazakhstan’s largest oilfield, Tengiz, reportedly rose to around 810,000 barrels on March 11, but average output during the first 10 days of the month remained below expectations,
Uzbekistan orders sale of Enter Engineering, Eriell and Saneg assets partly to cover $131mn in wage arrears
Fitch upgrades its oil price outlook to $70
Oil markets are facing renewed geopolitical uncertainty after the outbreak of conflict involving Iran and the effective closure of the Strait of Hormuz, prompting rating agency Fitch to revise its near-term energy price outlook upwards.
Russia pockets €6bn in fossil fuel revenues in first two weeks of war
Russia has pocketed over $6bn of excess revenues in just the first two weeks of war in Iran, the Centre for Research on Energy and Clean Air said.
IEA agrees record release of 400mn barrels from emergency oil reserves to counter Gulf War impact
The IEA agreed on March 11 to release a record 400mn barrels from emergency oil reserves, dwarfing its 2022 Ukraine-linked release, as Iran's closure of the Strait of Hormuz and attacks on Gulf energy infrastructure drive prices higher.
IEA proposes the largest ever release of oil reserves
The International Energy Agency has proposed the largest release of oil reserves in its history to restrain soaring crude prices amid the US-Israel war with Iran, the Wall Street Journal reported on March 10.
Kazakhstan-China Pipeline marks two operational milestones
Kazakhstan–China Pipeline, a JV between KazTransOil and China National Oil and Gas Exploration and Development Company, has reported operational milestones for two key oil pipelines linking Kazakhstan with China, KazTransOil has announced.
EU seeks €30bn for Ukraine and weighs Druzhba pipeline repairs to unblock aid
The EU is seeking up to €30bn in additional funding for Ukraine and is considering helping repair a damaged oil pipeline to overcome a political impasse that has delayed a major aid package for Kyiv.
Moldova’s state energy trader buys gas for two months through newly established exchange
Energocom Trading, a subsidiary of Moldova’s state energy trader Energocom, has carried out the first transaction on the domestic unregulated natural gas market, intended for the production of thermal and/or electrical energy in April-May.
Central Asia shaken by fears of huge acid rain cloud heading to region from Iran
Officials struggle to convince inhabitants that the science shows Israeli bomb strikes on Iranian oil depots cannot lead to such a nightmare.
US LNG bound for Ukraine arrives in Lithuania
A cargo of US LNG intended for Ukraine has arrived at Lithuania’s Klaipeda terminal and will be sent onward to Ukraine in the near term.
Kazakhstan plans to offer 25 new gas blocks to investors this year
Kazakhstan plans to add 25 new prospective subsoil plots to its gas exploration programme in 2026 as it seeks to expand the country’s natural gas resource base.
Moldovagaz gets extra time to supply gas to Moldova's breakaway region of Transnistria
This is after the country’s energy regulator extended the company’s authority for a further three months.
Gazprom unit targets undeveloped gas at Lunskoye field off Sakhalin
Sakhalin Energy, the Gazprom-controlled operator of the Sakhalin-2 project, has launched work to bring previously undeveloped reserves at the Lunskoye oil and gas condensate field into production.
Slovakia's SPP eyes increase in Russian gas imports despite EU phase-out
Slovakia’s national gas company SPP is in talks with Gazprom to increase imports of Russian natural gas above 2025 levels this year and next.
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