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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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Amid drone strikes in Russia, Kyrgyzstan’s gasoline reserves reportedly down to one month of market coverage
Kyrgyzstan’s current gasoline reserves are only sufficient to cover market demand for one month, The Times of Central Asia (TCA) said on October 13, citing participants in a recent meeting convened by the Antimonopoly Regulation Service.
Kyrgyzstan warns of fuel shortages
Local officials attribute the shortfall to refinery maintenance and disruptions in Russia, whose downstream sector has been hit by drone attacks in recent months.
Uzbekistan, Azerbaijan press ahead with joint gas exploration
Uzbekistan’s national oil company Uzbekneftegaz and Azerbaijan’s SOCAR are moving ahead with an ambitious exploration venture on the Ustyurt plateau under a production-sharing agreement signed in July 2025.
Kazakhstan aims high in gas production
Kazakhstan has seen rising gas consumption over recent years, though its production has failed to meet this growth.
Russia’s seaborne fuel exports fall 17% after refinery drone strikes
Russia’s seaborne oil product exports declined 17% month-on-month in September to 7.58mn tonnes after a series of drone attacks disrupted operations at several major refineries, tightening domestic supply and shifting export flows
BP pushes ahead with project to electrify key Azeri oil and gas terminal
Site works are under way, including earthworks and internal road construction.
Gazprom's domestic sales arm restructures
The restructuring comes as Gazprom looks to rein in costs, having lost most of its share of the European gas market over the past three years.
China’s exports to Russia fall 21% in September
China’s yuan-denominated exports to Russia dropped 21% year on year in September to CNY63.11bn ($8.85bn), marking a sixth consecutive monthly decline and the steepest fall since February
COMMENT: Ukraine's drone attacks on Russian refineries have probably reduced throughput by 30.4%, less than headline figures suggest
Ukraine has been hitting Russian refineries and caused a fuel crisis that has spead across multiple regions. The headline figure is that oil refining has been reduced by 38% since August, but digging into it and the reduction is likely less.
Gazprom CEO defends role of gas in energy transition
Miller highlighted the rapid expansion of data centres as a key factor boosting demand for gas-fired power generation, describing it as “reliable and predictable.”
Russia to miss gas production targets in its energy strategy
This implies gas production will not exceed 788 bcm by 2030 — below the volumes envisaged in both the target and inertial scenarios of Russia’s Energy Strategy to 2050.
SOCAR interested in developing oil and gas fields in Turkmenistan
SOCAR interested in developing oil and gas fields in Turkmenistan
Russia’s Nabiullina says petrol price rise is temporary
Nabiullina said the recent increase in petrol prices is a temporary, supply-driven shock that may slow the decline in inflation expectations but does not pose a risk of entrenched inflation
Russian strikes destroy over half of Ukraine’s gas output ahead of winter – Bloomberg
Russian missile and drone strikes have destroyed more than half of Ukraine’s natural gas production capacity just weeks before the onset of winter.
Russia lifts fuel output as refineries recover and oil nears OPEC+ quota
Russia has increased fuel production and is moving closer to its OPEC+ oil quota as domestic refineries recover from drone attacks, Deputy Prime Minister Alexander Novak said
Kazakhstan’s Fincraft Group targets Tethys Petroleum in strategic move to integrate energy and mining assets
Kazakh group Fincraft is planning to acquire Toronto-listed oil & gas producer Tethys Petroleum as part of a broader strategy to consolidate control over the Central Asia region’s key resource infrastructure and integrate upstream energy assets.
BP outlines production outlook at Azeri Central East platform and progress on Karabakh field development
BP outlines production outlook at Azeri Central East platform and progress on Karabakh field development
World Bank slashes Ukraine’s 2026 growth forecast to 2% as war and energy shocks stall recovery
The World Bank has cut its forecast for Ukraine’s economic growth in 2026 to just 2%, down from a previous estimate of 5.2%, citing Russian attacks, damaged infrastructure, record gas imports, and poor weather that has hit agricultural exports.
France boards suspected shadow fleet tanker
It marks an escalation in Europe's efforts to clamp down on oil shipments that evade Western sanctions.
Indian refiners reportedly resume yuan payments for Russian oil
Indian state-run refiners have resumed settling payments for Russian oil in Chinese yuan
Russia’s China pipeline push unlikely to boost gas exports before mid-2030s
Russia’s planned Power of Siberia 2 gas pipeline to China is unlikely to increase gas exports for at least a decade, with key terms still unsettled and a lengthy construction timeline ahead
KazMunayGas extends oil supply contract with Rosneft Deutschland to 2026
Chairman of the management board of KazMunayGas, Askhat Khasenov, has met with Johannes Bremer, CEO of Rosneft Deutschland, to discuss the transportation of Kazakh oil to Germany and the prospects for expanding bilateral cooperation.
Hungary's MOL, Croatia's JANAF to discuss extending oil transport agreement after public exchange
Croatian state-owned pipeline operator JANAF and Hungary's oil giant MOL will meet on October 8 to discuss extending their oil transport cooperation beyond the current contract's expiry on December 31, Reuters has reported, citing JANAF.
Rostec unveils Russia’s first 32 MW gas transport engine
Russian state corporation Rostec has developed the country’s first 32-megawatt industrial gas transport engine, which will be used in main gas pipelines.
Russia expects oil output growth in 2026–27 as OPEC+ curbs ease, economist says
Russia’s oil production is expected to rise in 2026 and 2027 as OPEC+ production limits are gradually lifted.
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