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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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EU to soften gas storage rules to avoid price spikes
EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year.
AIM-quoted Mongolian company Petro Matad says set for oil sales agreement sign-off on Heron field block
AIM-quoted Mongolian oil company Petro Matad said on March 13 in an operational update that the operating committee for its Block XIX has confirmed acceptance of an oil sales agreement and the sign-off was being readied.
Gazprom plans entry into Chinese yuan bond market
Russia’s national gas giant Gazprom is entering China’s yuan-denominated bond market, in a notable development for this relatively niche segment with few active issuers.
US mulls project partnerships with Russia's Gazprom
First and foremost, US involvement in the operation of the Nord Stream 2 pipeline appears to be on the table.
Eurasia will be key driver to global gas production growth over coming decades: GECF
The Eurasian region will be one of the key drivers of natural gas production growth over the coming decades, according to the latest outlook report by the Global Exporting Countries’ Forum.
West threatens to ratchet up sanctions on Russia to force a ceasefire in Ukraine
The G7 nations on March 14 stressed the need for strong and credible security arrangements to support any ceasefire between Russia and Ukraine, warning Moscow to match Kyiv’s willingness to halt hostilities or risk additional sanctions.
QazaqGaz subsidiary secures $300mn loan from EDB
Intergas Central Asia, a subsidiary of Kazakhstan’s national gas company QazaqGaz, has secured a loan of RUB26bn (approximately $300mn) from the EDB.
Azerbaijan increases oil and gas production in early 2025, exports 3.7mn tonnes of crude
Azerbaijan's oil and gas output rose in the first two months of 2025, with the country producing 4.5mn tonnes of oil and condensate, maintaining stable extraction levels despite ongoing OPEC+ production constraints.
US lets OFAC energy licence on Russian banks expire
Azerbaijan and North Macedonia strengthen energy cooperation
Azerbaijan and North Macedonia have reinforced their growing partnership, with a particular focus on energy cooperation, as Presidents Ilham Aliyev and Gordana Siljanovska-Davkova met to discuss various areas of collaboration.
Ukraine seeks to boost US gas imports amid rising energy demand
Ukraine is planning to purchase significant volumes of American gas this year to meet growing import demand following Russian attacks on its energy infrastructure.
OPEC+ crude production jumps in February led by Kazakhstan’s quota violations
Crude oil production from the OPEC+ alliance surged in February, led by a significant increase from Kazakhstan, which continues to exceed its output quota despite repeated commitments to comply, Bloomberg reported on March 12.
CPC Blend loadings up 24% m/m in February on Kazakh output rise
CPC Blend oil loadings from the Caspian Pipeline Consortium’s (CPC) Black Sea terminal surged by approximately 24% m/m in February, reaching 1.68mn barrels per day (bpd), Reuters reported on March 12, citing its own calculations.
Slovak Transpetrol says Druzhba oil flow has been renewed
Slovak oil transporting company Transpetrol says that oil flow via the Russian Druzhba [Friendship] pipeline has been renewed and that oil should be arriving in Slovakia in the evening hours of March 12.
Hungary says Russian oil supplies via Druzhba pipeline temporarily halted
Hungary’s Foreign Minister Peter Szijjarto said on March 10 that Russian oil supplies through the Druzhba pipeline were temporarily suspended following large-scale Ukrainian drone strikes.
Kazakhstan's CPC oil pipeline shipments unchanged despite pledges to cut output in March
Kazakhstan has yet to implement oil production and export reductions it pledged under its OPEC+ commitments, with crude flows via the Caspian Pipeline Consortium (CPC) route continuing at planned levels, Reuters has reported, citing five sources.
Kazakhstan to construct and modernise underground gas storage facilities
Kazakhstan’s Ministry of Energy has unveiled a plan to construct and modernise underground gas storage facilities between 2025 and 2029, as part of a broader strategy to strengthen the country’s gas sector.
Druzhba pipeline oil deliveries suspended temporarily due to drone strike, Hungarian FM says
Oil deliveries to Hungary via the Druzhba pipeline have had to be suspended temporarily on March 11 due to a Ukrainian drone strike on one of the pipeline’s measuring stations.
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
Russia ships diesel to Syria on US-sanctioned tanker
Russia is reported to have shipped at least one cargo of diesel to Syria’s East Mediterranean region near Baniyas in recent weeks, using a tanker that has been sanctioned by the US government.
ASX-listed TMK Energy announces another monthly production record at coal seam gas project in Mongolia
Kazakhstan delivers 100,000 tonnes of crude to Germany via Druzhba pipeline in February
Kazakhstan delivered 100,000 tonnes of crude oil to Germany in February via the Druzhba pipeline system of Russia’s Transneft, according to a press release put out by KazTransOil.
Kazakhstan to reduce crude oil shipments via CPC by 70% in March
Kazakhstan will reduce its crude oil shipments via the Caspian Pipeline Consortium (CPC) pipeline that runs to the Russian Black Sea coast by up to 70% in March, Deputy Energy Minister Alibek Zhamauov has said.
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