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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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Iran threatens pipeline that carries nearly a third of Israel's oil, putting Georgia on alert
Europe’s gas crisis deepens as Putin turns the tables on Europe, threatens to cut off supplies early
Russian President Vladimir Putin sought to capitalise on the chaos on the energy markets by threatening to cut off Russian gas supplies to Europe, which is already facing a gas crisis that will amplified by the escalating war in Iran.
Ukraine under pressure to allow EU inspection of damaged Druzhba pipeline
Ukraine is facing mounting pressure from European partners to allow inspectors to examine a damaged section of the Druzhba pipeline that carries Russian crude to Central Europe, as a dispute grows over the extent of damage caused by an air strike.
Bulgaria says Azerbaijan covers nearly 40% of gas needs under long-term deal
Azerbaijan supplies nearly 40% of Bulgaria’s natural gas under a 25-year contract, providing price stability and uninterrupted deliveries amid volatile energy markets.
Russian shadow ship becomes first LNG carrier ever lost at sea, with Moscow blaming Ukrainian drone strike
The Arctic Metagaz tanker, under both UK and US sanctions as part of a so-called shadow fleet of vessels servicing Russia’s Arctic LNG-2 project.
Daily output at Kazakhstan's Tengiz drops by 30% at beginning of March
Production at Kazakhstan’s Tengiz oilfield, the country’s largest, dropped sharply in early March, falling roughly 30% below February’s average, Reuters reported on February 3, citing two industry sources.
EU seeks stronger energy partnership with Azerbaijan as Southern Gas Corridor expansion advances
The European Union has called for deeper energy cooperation with Azerbaijan amid escalating tensions in the Middle East, as officials confirmed further expansion of gas infrastructure under the Southern Gas Corridor (SGC).
Russian coal miner Raspadskaya in red in 2025
$194mn upgrade of refinery aiming to lower Kyrgyzstan’s fuel import reliance nears completion
A $194mn upgrade and modernisation of Kyrgyzstan’s largest oil refinery should conclude at the end of July, according to the Ministry of Economy and Commerce.
Hormuz crisis offers Moscow short-term gains, but long-term losses if regime falls
A prolonged closure of the Strait of Hormuz could deliver short-term fiscal relief to Moscow through higher oil and gas prices, but regime change in Tehran would risk stripping Russia of one of its most important strategic allies.
Kazakhstan’s oil output surges by 43% in February
Kazakhstan’s output of oil and gas condensate reportedly surged by around 43% in February from the previous month as production at the giant Tengiz field continued to recover from a major outage.
Jade Gas concludes appraisal at coal bed methane project at Mongolia’s Red Lake gas field
Jade Gas Holdings (ASX: JGH) on March 2 said in a stock market announcement that it has concluded the appraisal programme for its flagship TTCBM Project in Mongolia with the submission of its appraisal report for the Red Lake gas field in South Gobi.
Hormuz crisis puts one-fifth of global LNG supply at risk
Escalating US-Iran tensions have halted LNG production in Qatar and threatened shipping through the Strait of Hormuz, exposing Europe, Asia and emerging importers to sharp price spikes and renewed energy security risks.
Zelenskiy invites Slovak PM Fico to Ukraine amid Druzhba pipeline dispute
Ukrainian President Volodymyr Zelenskiy has invited Slovak Prime Minister Robert Fico to visit Ukraine to discuss “all existing issues” as tensions mount over the Druzhba oil pipeline and a stalled €90b EU loan.
Russian petrochemical major Sibur posts $2.7bn in 2025 profit
Russia’s Rosneft could revive major downstream project in Primorye
Russia arrests deputy Gazprom Neft boss on bribery charges
Russian law enforcement agencies have intensified a series of high-profile corruption cases involving senior executives in the energy sector, with a court in Moscow moving to remand a deputy chairman of Gazprom Neft in custody.
Putin claims Ukraine plotting further attacks on Blue Stream, TurkStream
Russian President Vladimir Putin said on February 24 that Russian security services had received operational intelligence indicating preparations for new acts of sabotage targeting the TurkStream and Blue Stream gas pipelines .
Russian petchems firm SIBUR sees 4.5% bump in profit in 2025
It also maintained one of the global petrochemicals sector’s highest EBITDA margins, supported by heavy investment in modernisation and new capacity.
Hungary, Slovakia's oil dispute with Ukraine deepens
Hungary and Slovakia remain embroiled in a deepening dispute with Ukraine and within the EU after Russian oil shipments through the key Druzhba pipeline were halted on January 27.
EBRD expects 2026 moderation in Kazakhstan's growth reflecting lower oil prices
Kazakhstan’s economic growth is expected to moderate from 2025’s 6.5% to 4.7% in 2026 and 4.5% in 2027, reflecting lower oil prices, according to projections in the latest Regional Economic Prospects report issued by the EBRD.
Uzbekistan launches oil, gas and minerals exploration in northern Afghanistan
Uzbekistan has launched geological exploration at three oil and gas blocks in northern Afghanistan, the Uzbek Ministry of Mining and Geology has announced.
Kazakhstan’s Tengiz oilfield sees slower-than-anticipated output recovery
Kazakhstan’s flagship Tengiz oilfield is seeing a slower-than-anticipated recovery in oil output, as adverse weather and repeated export terminal drone alerts constrain shipments.
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