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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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Kazakhstan cuts gas output at Karachaganak field after Ukrainian drone strike on key Russian processing plant
Crimean authorities declare state of emergency amid Ukrainian strikes on energy infrastructure
The emergency regime will remain in place until further notice.
Russian wholesale gasoline prices see mixed changes in week ending June 26
This follows more significant fluctuations in the previous week, caused by Ukraine’s intensifying attacks on Russian oil refineries that have led multiple regions to suffer fuel shortages.
Russian oil firm Surgutneftegaz approves RUB0.85 per share dividend
Surgutneftegaz’s dividend policy provides for 10% of net profit under Russian accounting standards to be paid out on preferred shares.
Drone debris falls on Russia's Slavyansk oil refinery
The extent of damage to the refinery was not confirmed.
Russia's Irkutsk region announces state of high alert amid fuel shortages
Filling stations owned by Russian state oil company Rosneft in the region have imposed a daily limit of no more than 50 litres of fuel per vehicle in a single refuelling.
Russia quadruples jet fuel imports from Belarus amid supply crunch
The surge in imports comes as Ukraine has intensified its drone strikes against Russian refineries over recent months, including an attack on Moscow’s main oil refinery on June 18.
China readies second LNG import terminal for cargoes from Russia’s Arctic LNG 2 plant
New terminal will join Beihai terminal, which has imported 41 cargoes since August 2025.
Russian regions battle fuel shortage as diesel deficit spreads
Russian regions have been battling a fuel shortage since June 23, with bus services cut, fares raised and rubbish collection halted in places, as a diesel deficit spreads across almost all regions.
France’s Technip Energies to study feasibility of Kazakhstan’s fourth oil refinery
France’s Technip Energies is set to conduct a technical and economic feasibility study for Kazakhstan’s planned fourth oil refinery.
Russian oil giant Rosneft expands takeover of Bashneft
The government of Russia’s Bashkiria region has completed the sale of a stake in Bashneft to Rosneft for RUB14.8bn.
UK to sell oil from sanctioned Russian oil tanker's cargo
The Telegraph said, citing government sources, that UK authorities said the cargo came under their legal control after the seizure, allowing the state to decide how it should be handled.
Over 30 Russian regions restrict fuel sales amid ongoing Ukrainian drone siege
Ukraine has brought the war to Russia’s fuel supply, intensifying almost daily drone attacks on the country’s refineries over the past two months.
Lukoil's refinery in Nizhny Novgorod shuts down after reported drone strike
The Kstovo refinery, one of Russia’s largest oil-processing plants, suspended operations on June 24 after a Ukrainian drone attack damaged a key unit.
Mongolia's risky fuel strategy gamble
Country’s dependence on Russian gasoline gives it short-term supply stability but leaves it structurally exposed.
France intercepts suspected Russian shadow fleet oil tanker
France has intercepted a tanker linked to Russia’s so-called shadow fleet off the coast of Sicily, President Emmanuel Macron said on June 25, after the UK carried out a similar operation against another vessel earlier this month.
Russia hit by double whammy of forced crude exports as Ukraine drone strikes reduce refining throughput
Russia is exporting crude oil at its fastest pace this year as repeated Ukrainian drone strikes on domestic refineries leave Moscow increasingly unable to process its own production.
Kazakhstan says Orenburg plant drone attack has not disrupted gas supplies
A Ukrainian drone attack on Russia’s Orenburg gas processing plant has reportedly not disrupted gas supplies to consumers in Kazakhstan.
Russia in talks to import Kazakh gasoline as Ukraine’s drone attacks hammer refineries
Russian petrol output reported as down by 25% as of late June.
France’s Air Liquide to invest €70mn in Kazakhstan for Silleno petrochemical project
France’s Air Liquide Karabatan Tech Gases has signed a long-term agreement with Silleno LLP, a JV between Kazakhstan’s KMG, China’s Sinopec and Russia’s SIBUR, to supply industrial gases to a new polyethylene plant in Kazakhstan.
Italy’s MAIRE signs agreement to explore sustainable aviation fuel platform in Kazakhstan
Italian engineering group MAIRE (BIT: MAIRE) has signed a memorandum with Kazakhstan’s sovereign wealth fund Samruk-Kazyna and the Italo-Kazakh Trade Association (ACIK) to cooperate on the development of a SAFplatform.
Russia running out of levers to manage fuel shortages
Russia says fuel supplies are under control, but proposed diesel export curbs and tighter allocation rules point to a narrowing policy toolkit as drone damage hits refineries.
Moscow's oil refinery reportedly remain shut until end of year
The refinery, with a capacity of 240,000 barrels per day (bpd), supplies 40% of fuel for the Russian capital and the surrounding area.
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