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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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Sberbank sues Antipinsky refinery owner
Russia’s largest lender Sberbank has filed a legal claim tied to loan and credit agreements against NKNP, a company formerly linked to the now-bankrupt Antipinsky oil refinery.
Russian gas giant Gazprom scraps 2024 dividend, as expected
The board of Russian state natural gas giant Gazprom has recommended not paying a 2024 dividend, marking a second consecutive year of no dividend payout.
Kazakhstan becomes third largest crude supplier to EU
Kazakhstan became the third-largest supplier of crude oil to the EU in 2024, exporting an average of 1.05mn barrels per day.
Kazakhstan's Kashagan oil field output to reach 17.8mn tonnes in 2025
Oil production at Kazakhstan’s Kashagan field in the Caspian Sea is forecast to reach 17.8mn tonnes in 2025.
Dividends of sanctioned Russian oil major Surgut below expectations
The board of Russian oil major Surgutneftegaz (Surgut or SurgutNG) has recommended dividends for 2024 of RUB0.9 per ordinary share and RUB8.5 per preferred share, according to the company’s announcement.
Sanctioned Russian maritime major SovComFlot allowed not to pay dividends
The Russian government has instructed the Finance Ministry, Transport Ministry, and Federal Agency for State Property Management (RosImushchestvo) to exclude state-controlled maritime major SovComFlot from dividend payments on 2024 results.
Iran urges Turkmenistan to build new gas pipeline with regional swap capability
Iranian President Masoud Pezeshkian has called on Turkmenistan to factor in regional gas swap potential in the design of a planned new pipeline linking the two countries.
EU adopts 17th sanctions package against Russia, targeting oil industry
The EU has adopted its 17th sanctions package against Russia on March 20, intensifying pressure on Moscow's oil and gas industry in particular.
Another Russian court orders seizure of assets of former Gazprom execs
The court has ordered the recovery of assets valued at no less than RUB150bn ($1.65bn) and their transfer to the state.
Putin orders completion of pipeline to Murmansk by 2030
The Volkhov-Murmansk pipeline will not only provide gas supply to Russia’s far northern city of Murmansk and the surrounding order, but it will also play a critical role in providing gas feedstock for Novatek’s proposed Murmansk LNG plant.
Chinese firm eyes small-scale LNG plant in Russian Far East
A subsidiary of China’s Zhongyu Xinxing Energy Industry Corp. plans to construct a small-scale liquefied natural gas plant in Russia’s Khabarovsk region.
Russia files WTO complaint against EU's carbon border adjustment mechanism
Russia argues the measure violates global trade rules and unfairly restricts access for non-EU producers.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
European gas output dips to four-year low in Q1
European natural gas production, including output from Norway, the UK and Turkey, declined by 8% year on year to 47.7bn cubic metres in the first quarter of 2025.
Ukraine begins gas imports via Slovakia amid rising storage needs
Ukraine has begun importing natural gas through Slovakia as it ramps up efforts to replenish its underground storage ahead of the next heating season.
Turkmenistan eyes Iran transit route to widen gas exports to other countries
Turkmenistan is looking to build up its gas exports to other countries by channelling supplies through Iran, Foreign Minister Rasit Meredow said during a visit to Tehran.
US grants permanent exemptions for CPC and Tengizchevroil amid Russia sanctions
The US has issued permanent exemptions allowing transactions linked to Kazakhstan’s Caspian Pipeline Consortium (CPC) and Tengizchevroil (TCO), safeguarding key oil export routes from the reach of recent sanctions targeting Russia.
BP completes drilling of initial appraisal well for gas development at ACG block
BP has completed drilling the first well under the new free gas development project at the Azeri-Chirag-Gunashli oilfield block, targeting two priority gas-bearing reservoirs.
Serbia negotiates new long-term gas deal with Russia
Serbia has increased efforts to diversify its energy sources but remains heavily dependent on Russian gas.
Tensions in the Baltic Sea: Russia detains oil tanker that left Estonian port
Russian authorities detained a Greek-owned oil tanker, Green Admire, on May 18 after it departed from Estonia’s Port of Sillamae en route to Rotterdam, and was transiting Russia’s territorial waters along a previously agreed shipping corridor.
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