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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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Spain’s Tubacex to launch seamless pipe manufacturing plant in Kazakhstan
Spanish industrial group Tubacex is set to establish the first seamless pipe manufacturing plant in Central Asia, with the facility to be built in Kazakhstan.
Severe winter weather drives up Turkey’s natural gas imports by 17% y/y in February
Severe winter weather sent Turkey’s natural gas imports up by 16.6% y/y in February to 6.43bn cubic metres, according to data from state-owned pipeline operator BOTAS.
Ukraine faces costly gas import season as energy shortfalls persist, says NBU
Ukraine will need to spend up to $2.9bn on natural gas imports in 2025 to compensate for insufficient domestic output and war-damaged infrastructure.
Czech Litvinov refinery begins processing TAL oil
The Litvínov oil refinery in the Czech Republic has begun processing crude oil imported via the Transalpine Pipeline (TAL) under the TAL-PLUS project.
Rubio denies reports of US planning to lift Nord Stream 2 sanctions
US Secretary of State Marco Rubio denied reports in a statement on X on April 24 that the White House is discussing lifting sanctions on the operator of Russia's Nord Stream 2 gas pipeline.
OPEC+'s rise in oil output could trigger sharp fall in oil prices in 2027-28: Alfa Bank
OPEC+'s plans to raise oil production amid the US’ new protectionist trade policies could lead to a sharp decline in Brent crude prices in 2027-2028.
Gazprom Neft strikes oil in Khanty-Mansiysk
Russian oil producer Gazprom Neft has discovered a major oil deposit at the mature Lugovoye field in the Khanty-Mansiysk region.
Gazprom ready to enter talks with future US owner of Ukraine transit pipelines
Russia’s state-owned Gazprom is prepared to enter negotiations with the future owner of the pipeline network connecting Russia to Europe if the US assumes control over it.
EU imports of Russian LNG slump 35% in April
The EU’s imports of Russian LNG fell by 35% year on year during the period from April 1-23, dropping from 1.7bn cubic metres to 1.14 bcm.
Ukraine signs loan deal with EBRD for gas imports
Ukrainian Prime Minister Denys Shmyhal has signed a loan agreement with Odile Renaud-Basso, President of the EBRD, to finance the purchase of natural gas.
China re-exports record volume of LNG in April
China re-exported more than 280,000 tonnes of LNG in April, marking the highest monthly total on record.
Uzbekistan sees robust rise in coal production, declines in oil and gas output in 1Q25
Kazakhstan to build new oil-handling terminal at Caspian port
Kazakhstan is set to begin construction of a new oil-handling terminal at the Caspian Sea port of Kuryk this year, with longer-term plans to develop infrastructure for green hydrogen exports.
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
AIM-quoted Mongolian oil company Petro Matad signs crude sales agreement with PetroChina Daqing Tamsag
AIM-quoted Mongolian oil company Petro Matad on April 28 announced the signing of an oil sales agreement for Block XX crude oil.
Russian oil major Rosneft approves final 2H24 dividend
The board of state-controlled oil giant Rosneft recommended 14.68 RUB/share final dividend for 2H24.
Ukraine faces soaring gas import costs after Russian attacks on production facilities
Ukraine’s reliance on gas imports is set to surge to $2.9bn by 2025 following a wave of Russian attacks on the country’s gas production facilities.
Naftogaz secures €410mn in financing to bolster winter gas supplies
Ukraine’s state energy company Naftogaz has secured €270mn in loan financing from the European Bank for Reconstruction and Development (EBRD) and a €140mn grant from the Norwegian government.
Albania launches gasification project in Korça with Azerbaijan's SOCAR
Albania has launched a major gasification project in the southeastern city of Korça, partnering with Azerbaijan’s state oil company SOCAR, a statement from the Ministry of Energy and Infrastructure said.
Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%
Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%
Kazakhstan lines up possible entry into international project to develop Turkmenistan’s supergiant Galkynysh gas field
Kazakhstan may join an international project to develop Turkmenistan’s supergiant Galkynysh gas field.
Iraq cancels Ukrainian firm’s contract Akkas
Russia, Uzbekistan discuss plans to double gas exports during Lavrov visit
Energy cooperation took centre-stage during Russian Foreign Minister Sergey Lavrov’s official visit to Samarkand, Uzbekistan, on April 23.
Kazakhstan continues efforts to finalise Russian gas supply agreement with Gazprom
Kazakhstan is continuing efforts to finalise a long-term natural gas supply agreement with Russia’s Gazprom, but ongoing disputes over pricing appear to have delayed a deal.
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