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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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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.
China’s CNPC to explore for oil and gas in Tajikistan’s Khatlon province
China’s National Petroleum Company (CNPC) is planning to conduct 3D seismic exploration for oil and gas in southwestern Tajikistan’s Khatlon province, Avesta has reported.
Condor Energies announces higher gas and condensate output in Uzbekistan
Condor Energies (TSX: CDR), the Canada-listed energy transition company, has announced higher gas and condensate output in Uzbekistan, driven by expanded drilling and well workovers.
SOFAZ forecasts 12.7% drop in profit oil and gas revenues in 2026 amid lower output and prices
Uzbekistan orders drastic reforms for oil and gas sector
Ensuring energy security and uninterrupted supplies to the economy remain critical priorities for Uzbekistan, the presidential administration said.
Gazprom warns of record European gas withdrawals
Russia’s Gazprom said Europe has again set records for daily gas withdrawals from underground storage facilities.
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