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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 output down by 0.8% to 512mn tonnes in 2025
Top Russian energy official Alexander Novak estimates Russian oil output at 512mn tonnes in 2025
Naftogaz pitches Black Sea projects worth up to $2bn to Ukraine reconstruction fund
Ukraine’s state energy company Naftogaz is preparing to develop a major hydrocarbon field on the Black Sea shelf and is offering investment projects worth between $20mn and $2bn to the Ukraine Reconstruction Fund.
Kazakhstan’s energy ministry launches investigation into fire at Tengiz oilfield power unit
Kazakhstan’s energy ministry said on January 22 that a special commission is examining the causes of an incident on January 18 that led to the shutdown of the giant Tengiz oilfield, one of the world’s largest oil producing assets.
SOCAR secures stake in Côte d’Ivoire’s Baleine field and signs monitoring deal at Davos
Israel's 2025 imports of Azerbaijani oil shipped via Turkey reportedly hit three-year high
Israel's imports of Azerbaijani oil, shipped from Turkey's Mediterranean port of Ceyhan, reportedly hit a three-year high in 2025.
France intercepts Russian oil tanker in Mediterranean suspected of using false flag
France intercepts Russian oil tanker Grinch in Mediterranean Sea suspected of using false flag, redirects vessel to port as President Macron vows to enforce international sanctions on shadow fleet.
Greenland crisis heightens concerns about Europe’s heavy reliance on US energy
In some quarters, the US has met more than 60% of Europe’s demand for LNG.
Operator of Kazakhstan’s Tengiz oilfield declares force majeure on crude deliveries via CPC pipeline
Russia says US yet to free crew from seized tanker in Atlantic
The US has yet to release two Russian sailors detained after American forces seized a Russian-flagged oil tanker in the North Atlantic this month, Russia’s foreign minister said
Azerbaijan’s oil and gas investment falls 10.3% y/y as pipeline oil transport declines
Sanctioned Russian Lukoil sells 50% in Mexico’s Block 4 project
Sanctioned Russian oil major Lukoil continues divestment of foreign assets with the sale of Mexican Block 4 oil and gas project
Russia and Iran to hold intergovernmental commission meeting in Tehran in February
Russia and Iran to hold 19th intergovernmental commission meeting in Tehran from February 16-18 as Moscow reaffirms commitment to strategic partnership despite regional challenges.
Uzbekistan places fifth in 2025 piped gas supplies to China, Russia tops ranking followed by Turkmenistan
Uzbekistan supplied around $773mn in piped gas to China in 2025, ranking the country fifth among Beijing's key suppliers, according to TASS, which cited the Chinese General Administration of Customs (GAC).
Oil production at giant Kazakh field Tengiz could be suspended for another seven to 10 days, says report
Oil production at Kazakhstan's giant Tengiz oilfield could reportedly be suspended for another seven to 10 days following the shutdown announced on January 18.
Kazakhstan's Tengiz oilfield halts output and export after fires break out at facilities
Oil production and exports at Kazakhstan’s Tengiz oilfield, operated by Chevron, have been halted after fires were reported at the field’s power generation and supply facilities.
Ukraine posts record winter gas withdrawals as European gas drawdowns accelerate
Gas withdrawals from Ukraine’s underground storage facilities have hit their highest level this winter, Russian state-owned energy company Gazprom said on its official Telegram channel on January 17.
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.
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