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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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Indian opposition blames government on Trump threats
Under President Donald Trump’s second term his administration has taken a much more hawkish stance that Indian purchases enable Russia to weather sanctions and indirectly fund its war effort
Strong ruble dents Tatneft’s regional oil major’s profit in 1H25
Strong ruble dents the financial results of Russian regional oil major Tatneft, but generous dividends still expected
Azerbaijan’s Socar says it wants to expand, not sell, Aegean Sea container terminal in Turkey
The State Oil Company of the Azerbaijani Republic (Socar) is not mulling the sale of its Aegean Sea container terminal in Turkey, according to Turkish business daily Dunya.
OPEC+ to raise oil production in September
Eight key OPEC+ countries have announced a production adjustment of 547,000 bpd for September
Claims of disrupted gas flows dismissed as media probe confusion over reported explosion on Central Asia-Centre pipeline
Media probes confusion over reports of explosion hitting Gazprom's Central Asia-Center pipeline.
COMMENT: Russian sanctions have failed, but its buffers are eroding
Russia’s ability to withstand Western sanctions is showing signs of strain as fiscal and external buffers erode, according to senior economists at the Institute of International Finance.
Five ports receive more than half of Russian crude transported by UK-sanctioned vessels
The UK’s recent crackdown on Russia’s shadow fleet tankers has curtailed some crude flows but leaves significant loopholes in the regime. Only five ports serve over half (57%) of Russia’s crude oil, transported by UK-sanctioned tankers.
Turkish Petroleum to join hydrocarbon field development in Kazakhstan
Turkey’s state-owned oil and gas company, Turkish Petroleum, will participate in the development of hydrocarbon fields in Kazakhstan, Finance.kz has reported, citing Kazakh Energy Minister Almassadam Satkaliyev.
Russia proposes 2.5mn-tonne increase in oil transit to China via Kazakhstan pipeline
Russia has proposed raising its annual oil transit to China through Kazakhstan’s Atasu–Alashankou pipeline by 2.5mn tonnes, The Times of Central Asia reported on August 1.
Kazakhstan to raise oil exports via BTC pipeline to 1.7mn tonnes in 2025
Kazakhstan plans to increase oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7mn tonnes in 2025, Xinhua reported on July 31, citing Minister of Energy Yerlan Akkenzhenov.
Moldova orders Lukoil to sell jet fuel facility at Chisinau Airport
The Council for Consideration of Investments Significant for State Security has instructed Lukoil-Moldova to sell its oil complex located near Chisinau International Airport within 45 days.
Moldovagaz faces loss of gas supply licence over failure to unbundle
The National Agency for Energy Regulation (ANRE) of Moldova will decide on August 4 whether to revoke the natural gas supply licence of Moldovagaz, which is controlled by Russian energy giant Gazprom.
OPEC+ nations to increase oil production by 547,000 barrels per day in September
Eight OPEC+ countries will implement a production adjustment of 547,000 barrels per day in September.
Azeri crude exports disrupted as BTC pipeline declares force majeure after contamination
Azeri #crude exports disrupted as #BTC pipeline declares force majeure after contamination #bne #Azerbaijan
Ukraine imposes sanctions on 94 "shadow fleet" captains from multiple countries
Ukraine has imposed sanctions on 94 individuals from Russia, Myanmar, Iran, Pakistan, China, India, Bangladesh and Georgia, as well as five oil transportation companies.
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Russia appears to use pipeline to supply gas to Uzbekistan via Kazakhstan.
Kazakhstan reviews its big oil contracts looking for a better deal
COMMENT: Kazakhstan is reviewing its big oil contracts Kazakhstan has begun laying the groundwork for a revision of the contracts it signed with big oil in the 1990s when the country was flat on its back.
Can India dump Russian oil imports completely if Trump’s secondary sanctions appear?
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.
OSCE sets out to help Turkmenistan fulfil Global Methane Pledge commitments
A “Standard on oil and gas methane” developed by an international expert has been presented by the Organization for Security and Co-operation in Europe’s OSCE Centre in Ashgabat to state concerns Turkmengas and Turkmenoil.
Syria inaugurates Azerbaijan gas pipeline through Turkey
Syria has inaugurated a regional gas transmission line linking the country with Azerbaijan through Turkey.
India to continue buying Russian oil despite Trump's threats
Indian officials have said they would keep purchasing oil from Russia despite threats of penalties from US President Donald Trump.
Leading Kazakh business figures unite to form Kazakhstan Investors Union
Kazakhstan’s most prominent business leaders have established a new organisation, the Kazakhstan Investors Union (KIU), aimed at improving the investment climate and advancing the country’s economic development, Kursiv reported on July 31.
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