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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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Germany says not in talks with Russia on restarting Nord Stream 2, insists on independence from Russian gas
Turkey set to this week commence piped natural gas exports to Azerbaijan's exclave of Nakhchivan, says minister
Turkey is set to commence piped natural gas exports to Azerbaijan's exclave of Nakhchivan this week, according to Turkish energy minister Alparslan Bayraktar.
Baku oil refinery relocation under consideration, decision expected by 2030
According to Elshan Hacizade, head of the Industry and Energy Department of the Cabinet of Ministers of Azerbaijan, a decision on whether to relocate the Baku Oil Refinery could be made this year.
SOCAR implements AI-driven energy efficiency programmes
SOCAR has launched artificial intelligence-based energy efficiency programmes at its carbamide plant in Absheron as part of a pilot project.
Turkey’s Russian crude imports drop fourfold, following spike in Russian LNG imports
Turkey’s imports of Russian crude oil reportedly contracted 4fold in February following the January 10 US-led tightening of sanctions on Moscow’s energy exports that hit energy companies and more than 180 "shadow fleet" tankers.
Indian imports of Russian oil fall 15% in February to two-year low
India imported approximately 1.4mn barrels per day of crude oil from Russia in February 2025, marking a 14.9% decline from January’s 1.7mn bpd.
Europe sees further climb in gas prices in February, amid record storage withdrawals
European gas prices rose by 5% in February, reaching an average of $542 per 1,000 cubic metres, driven by record-high storage withdrawals and reduced wind power generation.
Serbia seeks new gas contract with Russia ahead of May deadline
Serbia is negotiating a new long-term gas contract with Russian energy giant Gazprom as it prepares for the expiration of its current three-year supply agreement in May 2025.
Kazakhstan in active talks on securing Russian gas supply
Kazakhstan’s energy ministry said on March 2 it is in active negotiations with Russia’s Gazprom on receiving up to 10 bcm of Russian gas annually to support the gasification of the country’s northern and eastern regions.
Russia increases subsidy for gas-powered trucks
The Russian government has decided to increase subsidies for truck owners transitioning from traditional fuels to natural gas.
US explores reactivating Nord Stream 2 as investors target Russian assets
The United States is working on a plan to restart the Nord Stream 2 gas pipeline as part of broader efforts to reset relations with Moscow and use energy as leverage in potential Ukraine peace talks.
Karachaganak operator to move forward with final investment decision on gas processing facility
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.
Russian gas production falls 3.1% in January
Russian natural gas production fell by 3.1% year on year to 64.8bn cubic metres in January 2025, marking the first annual decline in a month since mid-2023.
Bazhenov: Russia's answer to US shale oil
Bazhenov is vast, spanning some 1mn square km of Western Siberia, making it one of the largest unconventional oil-bearing formations in the world.
Russian LNG exports down 7.3% in January
Russia's LNG exports fell by 7.3% year-on-year to 5.1mn tonnes in the first two months of 2025, according to preliminary data from LSEG on February 28.
Russia extends petrol export permits for producers to August
The Russian government has extended petrol export permits for refiners and oil producers until the end of August 2025, according to Interfax.
Kazakhstan plans to boost oil export in 2025
Kazakhstan plans to increase its oil exports from 68.6mn tonnes in 2024 to 70.5mn tonnes in 2025, driven by the expansion of the Tengiz field, the country’s largest oil and gas operation, Kursiv reported on February 27.
TSX-listed Condor Energies increases Uzbekistan output to 12,004 boepd
Condor Energies increased its daily gas and condensate production in Uzbekistan to 12,004 barrels of oil equivalent per day (boepd).
Kyrgyzstan to commission new oil refinery in spring
Kyrgyzstan, seeking to cut its reliance on fuel imports, is set to commission a new oil refinery in Kadamjay district in the southwestern region of Batken in the spring, according to local media reports.
Azerbaijan and Somalia agree to boost cooperation in oil and gas exploration
Azerbaijan and Somalia have signed a Memorandum of Understanding (MoU) on oil and gas cooperation, marking a step towards closer energy ties.
Naftogaz secures Norwegian financing for gas purchases as private traders enter market
Ukraine’s state energy firm Naftogaz has secured external financing for gas imports, while private energy traders are also ramping up their involvement in the country’s energy supply.
Chevron appoints new Tengizchevroil managing director
Chevron is set to appoint a new managing director at Tengizchevroil (TCO), Kazakhstan’s largest oil producer, in which it holds a 50% stake and serves as operator.
Kazakhstan to integrate over 600 MW of renewable energy capacity in 2025
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions, Kursiv reported on February 26, citing Kanat Sharlapaev.
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