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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 major drillers see significant slowdown in profit growth
Russia’s largest oilfield service companies experienced a sharp slowdown in profit and revenue growth last year, as rising costs, equipment constraints and cautious strategies under international sanctions pressured financial performance.
Russia bullish on oil and gas production in new long-term energy strategy
Russia plans to increase natural gas output by more than a third and expand oil production slightly by 2050 under a new energy strategy.
Kazakhstan's KMG sells controlling stake in petchem project to Russia's Sibur
KazMunayGas has sold a controlling 60% stake in Kazakhstan’s idle Polymer Production plant to Russian petrochemical group Sibur.
Gazprom ends upstream operations in Uzbekistan
Gazprom has ceased operations at the Shakhpakhty gas field in Uzbekistan’s Karakalpakstan region, following the expiration of its production-sharing agreement last summer.
Kazakh oil output drops in April but remains well above OPEC+ quota
Kazakhstan’s oil production fell during the first half of April but remains well above its OPEC+ quota, following months of non-compliance with the output limits set by the alliance.
Kazakhstan risks gas shortages without price reform to spur investment
Kazakhstan risks facing a natural gas shortage unless it urgently reforms its pricing policy and attracts investment into infrastructure and production.
Estonian navy detains Russian 'shadow fleet' oil tanker, inspection revealed 40 deficiencies
Russia's Novatek reports slight uptick in production in Q1
Russia’s largest independent gas producer Novatek reported a 1% year-on-year increase in total hydrocarbon production in the first quarter of 2025, reaching 169.1mn barrels of oil equivalent.
Ukraine-US mineral talks stall as Trump administration demands control of Russian gas transit
High-level negotiations between Ukraine and the United States over a long-discussed mineral deal reached a standstill on April 10 after American officials demanded control over the Russian gas transit pipeline crossing Ukrainian territory.
Heads of leading international energy organisations to address at TEIF 2025 in Kuala Lumpur
Registration for in-person participation in TEIF 2025 closes on 15 April 2025.
Managing methane emissions in the Trump era: interview
Beyond an earnest desire to minimise the environmental impact of operations, it also pays for investors to take the issue seriously, Clayton Nash, the director of emissions solutions at Colorado-based Tegre, tells Newsbase.
Kazakhstan holds talks with oil producers on meeting OPEC+ output targets
Kazakhstan has been in discussions with oil producers operating in the country about reducing output after exceeding its OPEC+ production quota for several consecutive months.
Kazakhstan oil export pipeline operator delays station restart after drone attacks
CPC, which operates by far the most important export route for Kazakhstan’s oil, has delayed the restart of its Kropotkinskaya pumping station in southern Russia until the end of May.
Azerbaijan's oil output edges higher in Q1 with weaker investment and shifting non-oil dynamics
Azerbaijan’s crude oil production averaged 480,000 barrels per day in the first quarter of 2025, marking a 2.1% increase compared to the same period a year earlier.
COMMENT: Could the US strike a deal to restart Nord Stream gas pipeline?
US President Donald Trump has made it clear that he wants to do business with Russia and tap into its vast raw material resources. But restarting the Nord Stream gas pipeline is the only US-Russian business project that looks viable.
Russian Gazprom places €350mn in euro bonds
Lukoil discusses production increase plans with Iraqi prime minister
Russian oil company Lukoil has discussed plans to increase production in Iraq with Prime Minister Mohammed Al-Sudani.
Ukraine seeks investor for oil and gas fields
Ukraine is looking to attract investors for oil and gas development in its western regions as it advances efforts to boost domestic energy production
ASX-listed TMK Energy announces record gas volume at coal seam gas project in Mongolia
ASX-listed TMK Energy on April 7 announced that in March it produced a record volume of gas at its Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia.
Russia’s Gazprom bids farewell to Uzbekistan’s Shakhpakhty field as operations wind down
Russia's state-controlled gas giant Gazprom is winding down operations in Uzbekistan, ending its involvement in the Shakhpakhty gas field following the expiration of a production sharing agreement.
Russia nationalises majority stake in St Petersburg Oil Terminal
Russia completes the nationalisation of the controlling stake in country's largest oil terminal PNT.
COMMENT: Trump’s secondary sanctions on Russian oil are a lose-lose proposition – Carnegie
“Just as certain classes of medication are sometimes in vogue and prescribed to help with all kinds of ailments, it seems that US President Donald Trump and his team have stumbled upon a magical remedy for all the world’s problems: tariffs.”
Nostrum Oil & Gas secures Kazakh government approval for Stepnoy Leopard oil fields plan
Nostrum Oil & Gas has secured government approval for its full-field development plan at the Stepnoy Leopard oil fields in Kazakhstan.
KazMunayGas and LanzaJet to develop Kazakhstan’s first sustainable aviation fuel plant
KazMunayGas-Aero has signed an agreement with American firm LanzaJet and Kazakh agro-industrial holding KazFoodProducts to develop a feasibility study for the construction of a sustainable aviation fuel (SAF) plant in Kazakhstan.
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