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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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Russia’s LNG exports fall in first half of year
Russia’s LNG exports have dipped by 4.4% over the first half of the year.
Global LNG liquefaction capacity to grow 37% by 2028: GIIGNL
Global LNG liquefaction capacity is expected to grow by 37% to over 672.1mn tonnes per year by 2028 as producers commission around 180mn tpy of new capacity.
Russian monthly oil and gas revenues slump to two-and-a-half year low in June
The ministry attributed the decline in receipts to a lower average price for Urals crude, falling gas production and exports, and continued production restrictions under the OPEC+ agreement.
Russia's Russneft gains major new shareholder
Neoline Activy has acquired a 16.33% voting stake in RussNeft, acting on behalf of Zaira Gudaeva, who previously controlled only 2.05%.
Kazakhstan to take over Karachaganak gas plant project as Energy Ministry drops foreign-led plan
Uzbekistan, Azerbaijan partner on geological exploration in Ustyurt region
Uzbekistan’s state energy company Uzbekneftegaz has reached a new agreement with Azerbaijan’s state oil company SOCAR to launch geological exploration in the Ustyurt region, a remote and resource-rich plateau in northwestern Uzbekistan.
Ukraine’s underground gas reserves rise, but remain lowest in over a decade
Natural gas reserves in Ukraine’s underground gas storage facilities have exceeded 8bn cubic metres as of June 28, amounting to 25.9% of their total capacity. Volumes remain 1.95 bcm (19.6%) lower than at the same time last year.
Russia to shield Gazprom from taxes on Nord Stream 2 debt
As followed by bne IntelliNews, Gazprom was expectedly allowed by the government to skip the dividend payment for 2024.
Kazakhstan set to exceed oil output forecast in 2025 after upgrades at key fields
Kazakhstan is poised to surpass its 2025 oil production forecast by approximately 2%, with output now expected to reach 97.7mn tonnes (around 2mn barrels per day).
Russia nationalises Dagestani oil terminal DagNefteProdukt
A Makhachkala court has ruled to transfer ownership of the Caspian region’s key oil transshipment terminal DagNefteProdukt in Dagestan to the Russian state.
Poland ends the last of Russian oil imports
Poland’s largest energy company, state-owned Orlen, has ended its last contract for Russian crude oil and halted these imports, declaring finally that it has “freed the region from Russian crude oil”.
ASX-listed TMK Energy says Mongolia Gurvantes XXXV CSG project generating strong interest from potential partners
ASX-listed TMK Energy said on June 30 in an operations and project update that its Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia has generated strong interest from potential project partners with proven track records.
Turkey to specify sustainable aviation fuel mandates
Turkey has decided to specify mandates for airlines and jet fuel suppliers as it pushes to hike the uptake of sustainable aviation fuel (SAF), the country’s civil aviation authority has announced on its website.
LPG pressure builds in Uzbekistan as prices climb 30% in June
The exchange price of liquefied petroleum gas (LPG, primarily propane) in Uzbekistan has climbed more than 30% since the beginning of June, exacerbating concerns over energy affordability.
Middle East volatility could benefit Power of Siberia 2, but challenges remain
Still, getting Beijing to commit to such a large volume is still likely to prove difficult, for a number of reasons.
OGT 2025 – 30 years of energy leadership
Official registration is now open for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), which will take place from October 22 to 24, 2025, in Ashgabat.
Russia reportedly expresses interest in making regular LNG deliveries to Turkey
Russia is said to have expressed an interest in making regular liquefied natural gas (LNG) deliveries to Turkey and stands ready to participate in joint investment projects to develop the gas market there.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
Tanker docks at Arctic LNG 2 as Russia seeks to expand LNG presence
The sanctioned Novatek facility is central to Russia’s aspirations to expand its presence in the LNG exports sector.
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