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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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COMMENT: Putin's India visit signals push for major overhaul in relations
In FY2024-25 Russia's bilateral trade with India was propelled almost entirely by New Delhi's voracious appetite for discounted Russian crude
New sea drone attack on ship sailing near Turkey reported, Ukraine claims Russia may have staged incident
A new sea drone attack on a Russia-linked ship off the Turkish coast was reported on December 2, but Ukraine denied involvement, claiming that Moscow may have staged the entire incident.
Surging US and Russian LNG exports push gas prices to 18-month low
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent.
Poland emerges as regional gas hub on record 2025 transmission volumes
Poland is emerging as a regional gas hub after setting a new record for natural gas transmission in 2025. Gaz-System, the state-owned transmission system operator, is on track to deliver a record 20bcm this year.
IntelliNews Lambda: Europe’s gas storage is back to normal
LNG prices in Europe have dropped to their lowest levels in 18 months, thanks to surging supply and subdued demand across the continent. That has led to comfortably full gas tanks and the lowest deviation from the baseline in 15 years.
Profit of Russian Gazprom Neft down 37% in 9M25
Kazakhstan targets rise in gas output to 74 bcm by 2030
Kazakhstan plans to increase natural gas production from about 59bn cubic metres (bcm) in 2024 to roughly 74bcm by 2030.
Ukraine criticises Kazakhstan’s response after drone strike damages CPC terminal
Ozon and Wildberries plan to construct three large fulfilment centres in Kazakhstan as part of efforts to strengthen the country’s e-commerce logistics capacity.
BP reports on-schedule progress at Sangachal terminal electrification project
Construction works under the Sangachal Terminal Electrification (STEL) project are progressing safely and remain on schedule, BP Azerbaijan said.
Ukraine steps up strikes on Russian oil assets as peace talks gain momentum
Ukraine launched a record number of attacks on strategic Russian oil infrastructure in November, even as Washington works to advance a peace initiative aimed at ending the nearly four-year war.
India still committed to working out viability of importing coking coal from Mongolia, says report
India is still committed to ascertaining the viability of importing coking coal from landlocked Mongolia despite transport bottlenecks that are proving a serious headache.
Erdogan says Ukraine’s attacks on Russian oil tankers in Black Sea are not acceptable
Turkish President Recep Tayyip Erdogan said on December 1 that attacks on commercial ships in the Black Sea are not acceptable.
Debt of Russian RusHydro hydropower major up 30% in 9M25
Condor Energies ramps up gas drilling in Uzbekistan
Canada’s Condor Energies is stepping up its push into Uzbekistan’s gas sector after drilling what it says is the country’s longest horizontal well.
Turkmenistan, Kazakhstan eye increased gas cooperation
Turkmenistan and Kazakhstan have signalled plans to strengthen cooperation in the gas sector following high-level talks in Astana.
Caspian may need oil pipelines because of falling water levels, warns Chevron
A sharp decline in Caspian Sea water levels is prompting renewed warnings from energy companies that existing offshore and maritime transport routes may face mounting operational risk.
Tankers avoid Novorossiysk port following Ukrainian sanctions and drone strikes
No oil tankers are currently docked at the Russian port of Novorossiysk, a critical hub for the country’s southern crude exports, according to live tracking data from Marine Traffic, Ukrainian milblogger Tender reported on November 28.
Nord Stream 2 operator seeks to annul part of latest EU sanctions package
The Nord Stream 2 AG operating company has asked the EU’s General Court to annul part of the EU’s 18th sanctions package.
Japan doubles down on Russian energy supplies despite sanctions pressure
Japan has reaffirmed its intention to continue imports of Russian oil and gas, even as Western nations push Moscow further into economic isolation.
Kazakhstan tells Ukraine to cease "unacceptable" attacks on its main oil export facility on Russian Black Sea coast
Drone strikes are “harming bilateral relations”, warns Astana.
Profit of sanctioned Russian Rosneft drops 70% in 9M25
Profit of Russian state oil major Rosneft down 70% under IFRS in the first nine months of 2025 as the company has been hit by the US sanctions
Russian gas giant Gazprom ups profit 13% in 9M25
Russian gas giant Gazprom giant maintains net profit in 9M25 under IFRS despite the debt pile
Italy to extradite Ukrainian suspect in Nord Stream blasts to Germany
Italy will extradite a Ukrainian man suspected of involvement in the 2022 explosions that damaged Russia’s Nord Stream gas pipelines.
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