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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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CPC to contest in court Russia's mooring closure order impacting Kazah oil exports
The Western-backed Caspian Pipeline Consortium (CPC) is preparing to mount a legal challenge against a Russian regulatory order that has severely curtailed its export operations.
Kazakhstan boosts oil exports to Germany via Druzhba pipeline by 50% m/m in March
Kazakhstan raised its oil exports to Germany by 50% in March compared with the previous month, according to a statement from national oil transportation company KazTransOil (KTO) released on April 1.
Tatneft raises claims against Russian aircraft maker to $78mn
Russian oil producer Tatneft has raised its total claims against aircraft manufacturer Tupolev to RUB7.2bn ($78mn), after a court approved an additional claim for RUB1.6bn in interest.
Gazprom Neft starts 3D-printing of gas turbine parts
Gazprom Neft has launched 3D printing of gas turbine engine components for use at its oilfields, marking the first such application in Russia’s oil and gas sector.
Russian oil industry seeks more flexible taxation: Gazprom Neft CEO
Russia’s oil industry is calling for a more flexible tax system, including expansion of the excess profits tax regime, to stimulate technology development and unlock new reserves, Gazprom Neft CEO Alexander Dyukov said on March 31.
Turkmenistan's economic transformation: a new frontier for global investment
The upcoming International Forum to Attract Foreign Investments in Turkmenistan's Economy (TEIF 2025), scheduled for April 23-24, 2025, in Kuala Lumpur, Malaysia, is poised to be an all-important event.
Kazakhstan launches construction of largest polyethylene plant
Kazakhstan has commenced the construction of what will be its largest polyethylene production facility by far, the Silleno plant.
Russia blames earlier Ukrainian drone strikes for order to shut down two of three oil export mooring points at CPC
Russia has cited Ukrainian drone attacks as the reason behind sudden restrictions imposed on oil infrastructure of the Caspian Pipeline Consortium (CPC), which transports the majority of Kazakhstan’s oil to global markets via the Black Sea coast.
Turkmenistan, Romania hold energy talks in Ashgabat
Turkmenistan and Romania held the eighth meeting of their joint working group on energy cooperation in Ashgabat.
Trump threatens tariffs on Russian oil buyers after Putin's Ukraine remarks
US President Donald Trump sharply criticised Russian President Vladimir Putin’s recent statement questioning the legitimacy of Ukraine’s leadership and suggesting United Nations external governance for the country.
EU may stall Russian energy phase-out amid high prices, fear of overreliance on US LNG
The EU may fear the Trump administration could weaponise gas supply just as the Kremlin has.
Oil prices surge on Trump threat to slap tariffs on Russian oil
Should tariffs come into force, Russian flows to its key customers could drop, tightening supply and potentially prompting OPEC+ to act to stabilise the market, according to Rystad.
Trump threatens extreme secondary sanctions on countries dealing with Russia if Putin doesn’t do ceasefire deal
President Donald Trump has thrown his weight behind a sweeping bipartisan bill that could impose 500% secondary tariffs on buyers of Russian oil if Russian President Vladimir Putin doesn’t do a ceasefire deal with Ukraine.
EU LNG imports rise 17% in March
LNG deliveries from European import terminals to the EU gas grid surged to an all-time high of 12.7 bcm in March.
Kazakhstan's oil and condensates output hits record high in March
Kazakhstan’s oil and condensate production surged to an all-time high in March, with increased output from the Tengiz oilfield and uninterrupted flows through the Caspian Pipeline Consortium (CPC) export pipeline route.
QazaqGaz subsidiary to expand Kazakhstan’s largest gas storage facility
Intergas Central Asia, a subsidiary of Kazakhstan’s state-owned gas operator and producer QazaqGaz, has announced plans to expand the country’s largest underground gas storage facility, Bozoy, by one third.
Russian oil major Slavneft posts $21mn loss in 2024
Russian oil major Slavneft, a joint venture between state-controlled Rosneft and Gazprom Neft of gas giant Gazprom, reported a net IFRS loss of RUB1.8bn ($21.2mn) for 2024 versus net profit of RUB7.9bn ($93mn) in 2023.
CPC halts two mooring points at Black Sea terminal, slashing oil export capacity
CPC, which operates the main conduit for Kazakhstan’s oil exports to global markets, announced on March 31 that it had suspended operations at two of the three single-point moorings at its Black Sea terminal.
Gazprom to increase gas exports to Slovakia
Russian chemical major Nizhnekamskneftekhim doubles 2024 profit
Russian chemical major Nizhnekamskneftekhim (NKNH) and the anchor asset of Sibur holding reported IFRS revenue growth of 14% year-on-year to RUB270bn ($3.1bn) in 2024, with EBITDA inching up by 2% y/y to RUB71bn ($817mn).
Naftogaz reports Russian attack on gas facilities despite ceasefire pledge
Ukraine’s state-owned energy company Naftogaz said on March 27 that its gas production facilities had been damaged in yet another Russian attack.
Slow progress on sea trials delays Russia’s first domestically built LNG carrier
Russia’s first domestically constructed LNG carrier, the Arc7 ice-class tanker Alexey Kosygin has been delayed by prolonged sea trials.
Kazakhstan launches World-Bank-supported Partnership for Market Implementation to boost carbon market
Kazakhstan has officially launched the World Bank-supported Partnership for Market Implementation (PMI) project, designed to enhance its national carbon market and accelerate the country’s shift toward green, resilient economic growth.
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