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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 petchems leader SIBUR breaks ground on catalyst production plant in Kazan
The company said the milestone would mark a major step toward securing technological self-sufficiency in the country’s polymer sector.
Russia aims high for expanding gas use in transport
Russia’s total consumption of natural gas as motor fuel could rise to 6.22bn cubic metres by 2035 under a baseline scenario, and up to 13.8 bcm in a more ambitious projection.
Former head of Russian oil junior faces $23mn in tax evasion charges
Prosecutors in Russia’s Khanty-Mansiysk region have referred to court a criminal case against the former director of oil company Kayum Neft, who is accused of evading nearly RUB2bn ($23mn) in taxes.
Russia once more weighs ban on gasoline exports
Russian authorities are weighing the reintroduction of a full ban on gasoline exports through to the end of October, amid tightening domestic supply linked to seasonal refinery maintenance and surging wholesale prices.
Russia’s switch to Murmansk after EU sanctions on LNG exports exposes fragile dependence on Western shipping – CREA
Russia’s attempt to reroute Arctic LNG exports through domestic waters following the European Union’s March 2025 transshipment ban has exposed a hidden vulnerability at the core of its energy strategy, Centre for Research on Energy and Clean Air.
Hungary seeks long-term Turkish gas transit deal to secure Russian energy supplies
Hungary is preparing to sign agreements with Turkey aimed at raising the volume and security of Russian natural gas supplies via the TurkStream pipeline, Hungarian Minister of Foreign Affairs & Trade Péter Szijjártó said during a visit to Ankara.
Turkmenistan’s gas export ambitions stall amid the Middle East conflict, pipeline setbacks
Turkmenistan’s hopes of becoming a major gas exporter beyond China have suffered another blow, as the war between Israel and Iran casts doubt over a key gas swap deal involving both countries.
KazMunayGaz raises 2025 Tengiz oil output forecast amid OPEC+ quota tensions
Kazakhstan’s national oil and gas company KazMunayGaz on June 24 reportedly raised its 2025 production forecast for the Tengiz oilfield to 35.7mn tonnes, up from the previously estimated 34.8mn tonnes.
CNOOC signs exploration deal for Zhylyoi Subsoil Area in Kazakhstan
China National Offshore Oil Corporation (CNOOC) has reportedly signed a production and exploration contract with Kazakhstan’s Ministry of Energy and the state-owned energy company KazMunayGas (KMG) for the Zhylyoi Subsoil Area.
Naftogaz demands $1.37bn from Gazprom after arbitration ruling
Ukraine’s state energy group Naftogaz has formally requested payment from Russia’s Gazprom to recover $1.37bn, following a binding international arbitration award issued in Zurich on June 20.
Kazakhstan raises 2025 production targets at Kashagan and Karachaganak oil fields
Kazakhstan has upped its 2025 oil production forecast at Kashagan, the country’s largest offshore oil field, to 18mn tonnes, Kursiv reported on June 23, citing a statement from KazMunayGas (KMG), a unit of the Samruk-Kazyna sovereign wealth fund.
Russia offers to supply LNG and energy technologies to Mexico
Concerns Trump could use Mexico’s energy dependence on US as leverage have caused the country to weigh gas imports from Russia.
Russian Novatek gas major launches Northern Sea Route shipments
Russian natural gas and liquefied natural gas producer Novatek dispatched its first LNG shipment of the 2025 season via the eastern sector of the Northern Sea Route on June 20.
Russia eyes LNG exports to Thailand
Russia wants to begin exports of LNG to Thailand, with discussions currently underway involving producers based in Sakhalin and the Arctic.
Planning for Vorkuta gas chemicals complex near completion
The Vorkuta gas chemicals project, first announced at the Eastern Economic Forum in 2024, is progressing rapidly, despite less than a year having passed since the initial agreement was signed.
Kazakhstan ends investor talks on Karachaganak gas processing plant
Kazakhstan has suspended negotiations with shareholders of the Karachaganak oil and gas field over the proposed construction of a gas processing plant, after consortium members demanded an additional $1bn on top of full project costs.
CPC to launch legal action over Ukrainian drone strike on pumping station
The Caspian Pipeline Consortium plans to initiate legal proceedings following a Ukrainian drone attack on its Kropotkinskaya oil pumping station in Russia’s Krasnodar region.
Russian pipeline gas exports to Europe, Turkey to drop 40% by end-2027: study
Russian pipeline gas exports to Europe and Turkey could fall by 40% to 29bn cubic metres (bcm) annually by the end of 2027 versus the level in 2024, according to a study by Russian consultancy Implementa.
Sechin on the future global energy outlook
Sechin warned that the push for a complete transition to ‘clean’ energy risks “driving humanity into energy regression.”
Russia's Gazprom strikes deals with China on Far Eastern gas route
Russia’s Gazprom has reached two agreements with China’s CNPC and PipeChina covering the supply of Russian natural gas to China and the operation of a cross-border pipeline segment
CEO of Kazakhstan's KMG urges faster progress on Rozhkovskoye field
KMG CEO Askhat Khasenov visited the Rozhkovskoye field in West Kazakhstan during a working trip to the region.
COMMENT: Georgia goes from sanctions-dodging transit country to Russia’s oil export backdoor into Europe
Georgia has long been suspected of being a major transit country for European sanctioned goods travelling to Russia, but now it appears the trade is flowing in the other direction: Georgia has become a major backdoor into the EU for Russian oil.
Kazakhstan's oil and condensate output projected to rise to 2.14mn bpd in June
Kazakhstan's average daily production of oil and gas condensate is projected to increase to 285,000 tonnes in June, equivalent to approximately 2.140mn barrels per day (bpd), Reuters reported on June 20, citing the Ministry of Energy.
Russian natural gas major Novatek raises $350mn in dollar bonds
Russian natural gas major Novatek raised $350mn in US dollar bond placement, 50% above the initial guidance.
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