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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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Kazakhstan in talks with oil producers to cut output amid upcoming OPEC+ production hike
Kazakhstan is reportedly in talks with major oil producers operating in the country to implement output cuts aimed at aligning its production levels with targets set by the Organisation of the Petroleum Exporting Countries and allies (OPEC+).
TEIF 2025: Global partnership, investment and development
The International Forum to Attract Foreign Investments in Turkmenistan’s Economy (TEIF 2025) is scheduled to take place on April 23-24 this year.
Russian government rules out extra priority to oil product delivery via rail
The Russian government sees no urgent need to give extra priority to the delivery of oil products by rail, Deputy Prime Minister Alexander Novak said on March 9.
Kazakhstan unveils plans to expand gas storage capacity
Kazakhstan intends to construct underground gas storage facilities between 2025 and 2029 to support the expansion of the country’s gas sector.
US reportedly rejects Canada's proposal to target Russian shadow oil fleet
The US has rejected a Canadian proposal to establish a task force aimed at preventing Russia’s circumvention of Western sanctions using its so-called "shadow fleet" of oil tankers.
TurkStream gas flow to Europe hits new record in February
The TurkStream, the last remaining pipeline flowing Russian natural gas to Europe, handled record volumes for another month in February, delivering 1.55 bcm.
Turkmenistan is trying to come out of its shell
Economic necessity is the mother of diversification.
Azerbaijan, EU and Slovakia discuss energy cooperation amid supply concerns
Azerbaijan participated in the first meeting of the European Commission-Slovakia Working Group on gas supply issues, held in Brussels, as Slovakia seeks to secure its energy needs.
Poland’s Orlen signs deal to supply Ukraine with LNG
The LNG will be transported from cargoes delivered to the LNG import terminal located in Klaipeda, Lithuania. The super-chilled fuel will then be transported through Lithuania and Poland before it reaches Ukraine via the Drozdovychi interconnector.
Mongolia expects Power of Siberia 2 pipeline talks to result in project going ahead
Mongolia still expects the Power of Siberia 2 pipeline project—which would deliver 50bn cubic metres of Russian gas per year to China via a route across Mongolian territory—to go ahead, according to the country’s economy minister.
Kyrgyzstan bans export of mineral ferts to non-EEU countries for six months
Kyrgyzstan has banned the export of mineral fertilisers to markets outside the Eurasian Economic Union (EEU) for six months with effect from March 3, according to a Cabinet of Ministers decree.
Vucic and Putin discuss US sanctions on NIS, new gas contact
Serbia, which maintains strong historical ties with Russia, has walked a delicate line between its allegiance to Moscow and its aspirations to join the EU.
Ukraine's gas reserves hit historic low, imports surge to 1.5-year high
Ukraine’s underground gas storage reserves fell to a historic low at the end of February, forcing the country to ramp up imports to their highest level in 1.5 years.
Turkmenistan president and Iraqi PM discuss gas supplies to Iraq
Turkmenistan's President Serdar Berdimuhamedov and Iraq's Prime Minister Mohammed Shia al-Sudani have discussed issues related to supplying Turkmen gas to Iraq through Iranian territory during a telephone conversation.
Eni withdraws from 50:50 JV in Kazakhstan
Italian energy major Eni has withdrawn from its 50:50 joint venture in Kazakhstan, Isatay Operating, which was exploring and developing the Abay offshore block in the northern Caspian Sea.
Kazakhstan’s Tengiz Future Growth Project set to enter commercial operation in 2Q25
Kazakhstan’s Future Growth Project (FGP) at Tengiz oil and gas field is set to enter commercial operation in the second quarter of 2025, with investment in the project reaching approximately $533mn this year.
Kazakhstan plans 12% m/m boost in oil exports via CPC in March
Kazakhstan plans to increase oil shipments via the Caspian Pipeline Consortium (CPC) export route that runs to the Russian Black Sea coast by 12% m/m in March.
Kazakhstan’s oil overproduction reportedly played decisive role in first OPEC+ output hike since 2022
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
Russia’s Sakhalin LNG sees production dip by 2% in 2024
Russia’s Sakhalin Energy project experienced a 2% decline in LNG production in 2024.
Turkish branches of SOCAR and Siemens complete major modernisation of energy infrastructure on Petkim’s “petrochemical peninsula”
SOCAR Turkiye and Siemens Turkiye have completed a major project to modernise the energy infrastructure of the Petkim complex on the Aliaga “petrochemical peninsula” near Izmir. More than 500 specialists worked on the investment.
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