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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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US extends sanctions waiver for Russian oil transit via Kazakhstan to 2027
The US has reportedly extended a sanctions exemption allowing the transit of Russian oil to China through Kazakhstan until March 19, 2027.
Azerbaijan and Turkmenistan discuss energy, transport and logistics cooperation in Baku
Azerbaijan and Turkmenistan have held a series of high-level meetings in Baku focused on deepening bilateral economic and transport cooperation
Russian gas supplies to Europe via TurkStream grow amid Hormuz crisis
The daily average Russian gas supply to Europe via the TurkStream pipeline expanded by 22% y/y in March to 55mn cubic metres (mcm), calculations have shown.
Ust-Luga and Primorsk to their lowest levels since pre-war time
Russia has lost over $1bn in oil export revenues Ukraine’s week-long attacks on its two most important Baltic Sea ports of Ust-Luga and Primorsk. Weekly shipments through both ports have fallen by two-thirds.
Gazprom Export sues former German trading subsidiary SEFE in Russian court
Gazprom Export filed a lawsuit in St Petersburg against its former German trading subsidiary SEFE, the latest in a series of Russian court actions against European energy firms since Western sanctions severed gas ties.
ING sees Azerbaijan as safe haven amid Middle East risks
Every $10 increase in oil prices adds approximately $3bn to Azerbaijan's annual export revenues, equivalent to 4% of GDP, ING analysts point out.
INPEX to prioritise Kazakh and Azerbaijani oil for Japan amid supply concerns
Japan’s INPEX reportedly plans to prioritise crude oil supplies from Kazakhstan and Azerbaijan for Japanese buyers as concerns grow over disruptions to oil shipments coming out of the conflict-torn Middle East.
Profit of Russian oil major RussNeft down 56% in 2025
Russian oil company RussNeft had its net profit decline 56% in 2025, while corporate governance remains a major concern for the analysts
Georgia's first full-scale refinery targets domestic fuel self-sufficiency and European export
Russia delivers first oil cargo to Cuba, after Trump signals easing of embargo
A Russian oil tanker has delivered the first crude shipment to Cuba in more than three months, after US President Donald Trump signalled he would allow supplies to reach the island despite an effective fuel blockade imposed earlier this year.
Japan steps up efforts at oil diversification
Japan is stepping up efforts to diversify its crude oil supply as the crisis in Iran and the de-facto blockade of the Strait of Hormuz expose the country’s heavy reliance on Middle Eastern imports.
India, Russia eyes resumed LNG trade
India and Russia are preparing to resume direct LNG supplies for the first time since the start of the war in Ukraine.
Sibur pushes on with major investments despite weak market
Russia’s Sibur is pressing ahead with major investment projects despite a weaker macroeconomic backdrop, softer global petrochemical prices and operational disruptions.
Ukraine intensifies attacks on Russian oil terminals
Ukrainian drone strikes on Russia’s Baltic export hubs have knocked out a large share of oil flows, threatening Moscow’s ability to benefit from higher global prices.
Russia reimposes full gasoline export ban amid Middle East crisis
Russia will reimpose a full gasoline export ban from April 1 to curb rising domestic prices.
European gas stocks continue to dwindle despite warm weather
European gas inventories continue to deplete despite warmer weather, as countries and companies seek to cushion themselves from soaring prices on the spot market.
Kremlin says Russia will not target CPC with sanctions despite tensions
Kremlin spokesman Dmitry Peskov said that Russia is not seeking to undermine US business interests in the Caspian Pipeline Consortium (CPC), amid media reports speculating that Moscow could restrict oil flows through the system with sanctions.
Bulgaria backs EU deal on Vertical Gas Corridor to secure regional gas supplies
Operators of the Vertical Gas Corridor have agreed with the European Commission on a long-term framework to secure reliable gas supplies to Southeastern Europe.
Russia to reimpose gasoline export ban from April 1 amid price volatility
Russia will ban gasoline exports from April 1 through July 31, Deputy Prime Minister Alexander Novak has ordered, in a move aimed at stabilising domestic fuel prices and ensuring adequate supply to the domestic market.
Russia selling oil at premium as Hormuz disruption tightens global supply
Russia is now selling oil at a premium on some routes as Strait of Hormuz disruption tightens global supply, Deputy Prime Minister Alexander Novak has said, marking a sharp reversal from post-sanctions discounts.
Kazakh oil export headache worsens as Ukraine targets drone attacks at Russian Baltic ports
Already facing difficulties with Black Sea shipments, Kazakhstan now has a problem with northern route.
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