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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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Ukraine halts gas injections as heating season nears amid supply disruptions and Russian attacks
Ukraine has stopped injecting natural gas into its underground storage facilities as the heating season approaches, following weeks of reduced inflows caused by Russian strikes on energy infrastructure and maintenance work on Polish pipelines.
Kazakh oil service providers request intervention against 'unfair pricing practices’ by Chinese subcontractors
The Oil and Gas Council of Kazakhstan has called on Prime Minister Olzhas Bektenov to intervene in what it describes as unfair pricing practices by Chinese subcontractors operating in the country’s oil and gas chemical sector.
Japan faces calls from within for LNG restructuring as utilities assure public that there is little to be worried about
At present, Russia accounts for just under 10% of Japan’s total LNG imports, largely through the Sakhalin-2 project in the Russian Far East. The facility at Prigorodnoye, on the southern tip of Sakhalin, has supplied Japan since 2009.
Turkish refineries reportedly buying more non-Russian crude in response to sanctions
Turkey's largest oil refineries are reportedly purchasing more non-Russian oil as they react to the latest Western sanctions imposed on Russia in relation to its war in Ukraine.
Navigating headwinds, OPEC+ pivots to price defence for Q1 2026
In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share
Russia’s LNG exports soar by 21% in October
The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.
US push to pressure Iran providing fresh incentive for trans-Caspian pipeline
Turkmenistan showing interest in the idea.
Plug Power inks 2GW electrolyser agreement with Allied Biofuels for Uzbekistan SAF facility
Plug Power has entered into a binding deal with Allied Biofuels FE LLC (ABF) to deliver up to 2 gigawatts of its GenEco PEM electrolyser systems for a new sustainable and electro-sustainable aviation fuel facility in Uzbekistan.
Kazakhstan's KMG boosts oil output by 10% in 9M 2025
Kazakhstan’s national oil company KazMunayGas announced last week it had increased its production of crude oil and gas condensate by 10% year on year in the first nine months of 2025, to 19.84mn tonnes.
Russia's Gazprom potentially slashes 2026 investment plan by up to a third
Each year, the group adopts its investment plan in a cautious framework before revising it in October, generally upward, ahead of final confirmation.
Dragon Oil at 25: how a $200m bet became a $15.2bn regional franchise
“Sustainability is not a checkbox for us,” Al Tayer told the delegates at the 30th Turkmenistan Oil and Gas Conference and Exhibition (OGT2025) in Ashgabat at the end of October. “It is the heartbeat of our mission.”
Lukoil gets offer from Gunvor for international business
Washington has a new focus on a Caspian energy play
For most of the last three decades since winning independence, Central Asia has been a bit of a backwater. Not any more. The Trump administration is becoming more focused on Turkmenistan's vast gas reserves and can smell money and power there.
The International Gas Union’s ledger: demand, poverty and “capital-G Gas”
“I don’t talk about “transition” anymore. Or at least I try and avoid the word,” Stegher told bne IntelliNews at OGT2025.
BOTAŞ and Turkey’s hub ambition: from “30-year dream” to cross-border reality
For Ankara, the symbolism is as important as the molecules: Turkey’s energy map is shifting from end-market to hub.
Russia faces $50bn annual losses from oil sanctions as Lukoil exits international assets
Russia is expected to lose at least $50bn annually due to oil-related sanctions, as Moscow’s largest private oil producer Lukoil agrees to sell its international assets and Germany considers nationalising operations owned by state-run Rosneft.
Three decades of Petronas in Turkmenistan
Azerbaijan’s energy diplomacy: realism over ideology
Kazakhstan reportedly in talks with ExxonMobil over expansion of Kashagan oil field
Kazakhstan is holding negotiations with Exxon Mobil on developing the untapped section of its giant Kashagan oil field, Bloomberg reported on October 30, citing people familiar with the discussions.
Russia’s Lukoil agrees to sell foreign holding company to Switzerland's Gunvor
Russia’s Lukoil has accepted an offer from commodity trader Gunvor to acquire LUKOIL International GmbH, the holding company for its overseas assets
Serbia’s oil refinery will continue to function until November 25
Serbia’s sole oil refinery in Pancevo will continue normal operations until November 25 despite US sanctions targeting the Oil Industry of Serbia (NIS), Energy Minister Dubravka Dedovic Handanovic said on October 29.
Serbia’s central bank accuses media of spreading panic over NIS sanctions
Serbia’s central bank has rejected claims that the use of the country’s domestic Dina payment card at fuel stations run by the sanctioned oil company NIS could trigger US penalties, calling such reports an attempt to “spread panic.”
Serbia’s NIS posts 9-month net loss as US sanctions weigh on performance
NIS, majority-owned by Russia’s Gazprom Group, said it had operated in “extremely complex circumstances” after sanctions were announced by the US Treasury Department.
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