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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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Uzbekistan, Australia’s AGA sign memorandum on building $5.5bn green urea, sustainable aviation fuel plant
Uzbekistan has signed a memorandum of cooperation with Australia’s Allied Green Ammonia (AGA) to build a $5.5bn green urea and sustainable aviation fuel (SAF) production facility.
Kazakhstan to export 40,000 tonnes of Ai-92 petrol in April
Kazakhstan plans to export 40,000 tonnes of Ai-92 petrol in April from Shymkent oil refinery.
Kazakhstan to double oil refining capacity to 38mn tonnes per annum by 2040
Kazakhstan aims to double its national oil refining capacity to 38mn tonnes annually by 2040, The Times of Central Asia reported on April 21, citing Minister of Energy Yerlan Akkenzhenov.
Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts
Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Russian firms eye joint ventures with Mexico's Pemex for oil projects
Russian companies are open to develop joint ventures with Pemex to pursue heavy crude oil extraction projects, Russia's Trade Representative in Mexico Aleksandr Abrámov said, Mexico Business News reported.
How Europe has weaned itself off Russian gas in the last three years
In 2021, Eastern European countries imported almost half of their gas from Russia. Only two countries in the region – Albania and Kosovo – were wholly independent of Russian gas.
Daewoo E&C signs framework deal for mineral fertilizer plant in Turkmenistan
Daewoo Engineering & Construction said on April 18 that it has signed a framework agreement with Turkmen state-owned chemical company Turkmenhimiya for the construction of a mineral fertilizer plant.
Czechia reports the first day in its history of being free of Russian oil
Prime Minister Fiala declared his country Russian oil-free after April 17 became the first day when no oil from the latter flowed into Czechia for the first time in its history, and his country has become independent of the eastern Druzhba pipeline.
Azerbaijan's SOCAR, Israel's Union Energy form Malta JV
Azerbaijan’s state oil company SOCAR and Israeli firm Union Energy & Systems have established a joint venture in Malta to engage in natural gas development and production.
French court backs Naftogaz in $5bn arbitration case against Russia
Ukrainian energy group Naftogaz has won a key legal victory in France as the Paris Judicial Court granted recognition and enforcement of a $5bn arbitration award against the Russian Federation.
Russian court raises Naftogaz penalty to $1.3 bn over Gazprom transit dispute
A Russian court has increased a financial penalty against Ukraine’s state energy firm Naftogaz to $1.3bn.
Czech Republic hails its independence from Russian oil
Neighbouring Hungary and Slovakia meanwhile have no intention of ditching Russian crude.
Sibur becomes first Russian company to deliver first carbon-offset polymers to China
Russian petrochemicals producer Sibur has become the first company in the country to export a shipment of polymers to China with a partially compensated carbon footprint.
Gazprom starts extracting white hydrogen in East Siberia
Russia’s national gas company Gazprom has produced its first so-called “white” hydrogen from the Kovyktinskoye gas condensate field in Eastern Siberia.
Russian Arctic oil exports to China set to surge this month
Arctic oil is now offered at significant discounts compared to Brent crude, reversing the premiums that were previously associated with these grades.
Turkish refiner Tupras resumes imports of Russian oil
Turkey’s largest refiner Tupras has resumed buying Russian Urals crude following the decline in its price on the oil market.
Azerbaijan State Oil Fund revenues from ACG and Shah Deniz decline in Q1, strategic reserves reach $73.8bn
ICIJ investigation reveals details of confidential arbitration ruling over Kashagan oil revenue sharing dispute
OPEC+ receives updated commitments from overproducers
OPEC+ has reportedly received updated commitments from Kazakhstan, Iraq and other member states to implement further oil production cuts in an effort to compensate for previous overproduction.
Turkey’s Tupras reportedly resumes Russian Urals crude purchases as oil cost falls below price cap
Number one Turkish oil refiner Tupras has reportedly returned to buying Russian Urals crude cargoes amid falling world oil prices.
China spikes Gazprom gas export plan in Central Asia
Russian energy company keeps gushing red ink.
China questions feasibility of gas exports from Russia to China via Kazakhstan
Chinese Ambassador to the Russian Federation Zhang Hanhui has warned that the proposed route for Russian gas exports to China via Kazakhstan may be economically unfeasible, citing infrastructure constraints and high construction costs.
Kazakhstan's KMG sells 60% stake in Polymer Production to Russia’s SIBUR
Kazakhstan’s KMG has sold a 60% equity stake in Polymer Production to Russia’s SIBUR, a petrochemical holding, in a move to revive the dormant biaxially-oriented polypropylene (BOPP) film production facility.
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Azerbaijan sees decline in oil and gas investment and refined product output in Q1 2025
Russia to expand LNG exports, pivot towards friendly markets in 2050 energy strategy
Russia has unveiled a new energy strategy targeting 2050 that includes a significant expansion of LNG exports and a reorientation of oil and gas trade toward so-called friendly markets.
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