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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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Russia's Power Machines to ship second domestically-built turbine to power plant
Russia’s Power Machines is preparing to ship a second high-capacity gas turbine for the Artemovskaya TPP-2 power plant in the Far East’s Primorsky region.
Unknown US firm eyes role in Bosnia-Croatia gas pipeline project
Representatives of little-known US firm AFFS Infrastructure and Energy have held talks in Bosnia on possible involvement in a gas pipeline project intended to diversify supply sources and reduce reliance on Russian gas.
Oil production halted at Kazakhstan's Tengiz field after fire
Kazakhstan’s Tengizchevroil has temporarily halted oil production at the Tengiz and Korolev fields after a fire broke out at its processing facility in western Kazakhstan,.
BP deploys new tech for processing drilling fluids in Caspian region
UK oil major BP has introduced a new technology for processing drilling fluids in Azerbaijan, Georgia and Turkey, cutting analysis times and improving the reuse of materials at drilling sites.
Mongolia eyes Chinese fuel imports to overcome Russian dependency
Mongolia and China have agreed to step up cooperation on increasing imports of petroleum products, as Ulaanbaatar seeks to diversify supplies that are currently overwhelmingly sourced from Russia.
Russian oil, gas revenues drop by quarter in 2025
Russia’s oil and gas revenues fell sharply in 2025, dropping by almost a quarter from the previous year as lower oil prices, wider discounts and sanctions pressure weighed on budget receipts.
Independent Russian fuel retailers lose 50-70% of customers amid price squeeze
Independent fuel retailers in Russia have lost up to 50-70% of their customers by January after being forced to sell gasoline at higher prices than large retail chains during a price squeeze late last year.
Russia's Gazprom Neft nears deal to sell stake in Serbian refiner NIS to Hungary's MOL
Russian oil producer Gazprom Neft is close to selling its stake in Serbia’s NIS to Hungary’s MOL.
Kazakhstan enjoys 15% bump in oil exports in 2025
Kazakhstan’s oil exports rose by 15% last year, driven by higher flows through the Caspian Pipeline Consortium.
Azerbaijan launches gas supplies to Germany and Austria
The company said the total number of countries purchasing Azeri gas has now risen to 16.
Kazakhstan diverts 300,000 tonnes of oil shipments away from CPC pipeline in wake of drone strike
Kazakhstan diverted 300,000 tonnes of crude away from the Caspian Pipeline Consortium in December after export infrastructure was damaged by a drone strike.
Russia’s oil and gas revenues drop 43% in December 2025
Russia's oil and gas export revenues drop by 43% in December 2025 and by 24% in 2025 overall, the lowest since pandemic
Transnistria prolongs state of emergency
The parliament of Moldova’s breakaway region of Transnistria approved on January 15 a presidential decree extending the state of economic emergency by a further 30 days, citing ongoing difficulties linked to constrained natural gas supplies.
Take-off for new Uzbek aviation fuel producer Saneg JetWhites
EU lowers price cap on Russian oil to $44 per barrel
EU lowers the oil price cap on Russian oil to $44.1 per barrel starting from February 1, 2026, as discounts on Russian crude widen
Reports say Turkmennebit exceeded 2025 oil and gas condensate target by 9%
State Concern Turkmennebit in 2025 produced 4.025mn tonnes of oil and gas condensate, according to Turkmen state media.
Saudi Arabia surpasses Russia in oil production during 2025
Saudi Arabia surpassed Russia in oil production during 2025 with daily output reaching 9.472mn barrels compared to Russia's 9.13mn barrels, as kingdom restored voluntary cuts faster than Moscow.
Kazakhstan to allocate $470mn to 20 geological exploration projects over next three years
Kazakhstan plans to channel KZT 240bn ($470mn) over the next 3 years into a large-scale geological exploration programme covering 20 projects, seismic surveys in underexplored sedimentary basins & the development of modern geological infrastructure.
Kazakhstan appeals to US, Europe to stop drone attacks on its Black Sea oil shipping
Officials feel country unfairly bearing brunt of a battlefront in the Russo-Ukrainian War.
Three oil tankers reportedly hit near Black Sea port handling 80% of Kazakh crude exports, Kazakhstan's oil output plunges
Chinese company poised to expand production at massive Turkmen gas field
Ashgabat has export options.
Gazprom says supplies to Georgia increased 40% in 2025
Russia’s state-owned energy company Gazprom has announced on its Telegram channel that it increased natural gas supplies to Georgia by 40.4% in 2025.
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