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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 blames earlier Ukrainian drone strikes for order to shut down two of three oil export mooring points at CPC
Russia has cited Ukrainian drone attacks as the reason behind sudden restrictions imposed on oil infrastructure of the Caspian Pipeline Consortium (CPC), which transports the majority of Kazakhstan’s oil to global markets via the Black Sea coast.
Turkmenistan, Romania hold energy talks in Ashgabat
Turkmenistan and Romania held the eighth meeting of their joint working group on energy cooperation in Ashgabat.
Trump threatens tariffs on Russian oil buyers after Putin's Ukraine remarks
US President Donald Trump sharply criticised Russian President Vladimir Putin’s recent statement questioning the legitimacy of Ukraine’s leadership and suggesting United Nations external governance for the country.
EU may stall Russian energy phase-out amid high prices, fear of overreliance on US LNG
The EU may fear the Trump administration could weaponise gas supply just as the Kremlin has.
Oil prices surge on Trump threat to slap tariffs on Russian oil
Should tariffs come into force, Russian flows to its key customers could drop, tightening supply and potentially prompting OPEC+ to act to stabilise the market, according to Rystad.
Trump threatens extreme secondary sanctions on countries dealing with Russia if Putin doesn’t do ceasefire deal
President Donald Trump has thrown his weight behind a sweeping bipartisan bill that could impose 500% secondary tariffs on buyers of Russian oil if Russian President Vladimir Putin doesn’t do a ceasefire deal with Ukraine.
EU LNG imports rise 17% in March
LNG deliveries from European import terminals to the EU gas grid surged to an all-time high of 12.7 bcm in March.
Kazakhstan's oil and condensates output hits record high in March
Kazakhstan’s oil and condensate production surged to an all-time high in March, with increased output from the Tengiz oilfield and uninterrupted flows through the Caspian Pipeline Consortium (CPC) export pipeline route.
QazaqGaz subsidiary to expand Kazakhstan’s largest gas storage facility
Intergas Central Asia, a subsidiary of Kazakhstan’s state-owned gas operator and producer QazaqGaz, has announced plans to expand the country’s largest underground gas storage facility, Bozoy, by one third.
Russian oil major Slavneft posts $21mn loss in 2024
Russian oil major Slavneft, a joint venture between state-controlled Rosneft and Gazprom Neft of gas giant Gazprom, reported a net IFRS loss of RUB1.8bn ($21.2mn) for 2024 versus net profit of RUB7.9bn ($93mn) in 2023.
CPC halts two mooring points at Black Sea terminal, slashing oil export capacity
CPC, which operates the main conduit for Kazakhstan’s oil exports to global markets, announced on March 31 that it had suspended operations at two of the three single-point moorings at its Black Sea terminal.
Gazprom to increase gas exports to Slovakia
Russian chemical major Nizhnekamskneftekhim doubles 2024 profit
Russian chemical major Nizhnekamskneftekhim (NKNH) and the anchor asset of Sibur holding reported IFRS revenue growth of 14% year-on-year to RUB270bn ($3.1bn) in 2024, with EBITDA inching up by 2% y/y to RUB71bn ($817mn).
Naftogaz reports Russian attack on gas facilities despite ceasefire pledge
Ukraine’s state-owned energy company Naftogaz said on March 27 that its gas production facilities had been damaged in yet another Russian attack.
Slow progress on sea trials delays Russia’s first domestically built LNG carrier
Russia’s first domestically constructed LNG carrier, the Arc7 ice-class tanker Alexey Kosygin has been delayed by prolonged sea trials.
Kazakhstan launches World-Bank-supported Partnership for Market Implementation to boost carbon market
Kazakhstan has officially launched the World Bank-supported Partnership for Market Implementation (PMI) project, designed to enhance its national carbon market and accelerate the country’s shift toward green, resilient economic growth.
Ukraine's gas consumption forecast to rise in 2025, deputy minister says
Ukraine’s gas consumption is expected to increase in 2025, reaching between 21.8 and 22 bcm.
Turkish conglomerate Calik Holding mulls expanding operations in Kazakhstan
Ahmet Calik, chairman of Turkey’s Calik Holding, has expressed an interest in expanding the conglomerate’s operations in Kazakhstan with a focus on nonferrous metals mining and a potential entry into the country’s gas sector.
Hungary anticipates receiving 8bn cubic metres of Russian gas in 2025
Hungary anticipates receiving 8bn cubic metres of natural gas from Russia via the TurkStream pipeline in 2025, according to reports from Russia's RIA news agency on March 28.
Ukraine to import up to 4.6 bcm of gas before winter
Ukraine will need to import between 4.5bn and 4.6bn cubic meters (bcm) of natural gas before the start of the next heating season.
EBRD approves €270mn loan for Ukraine’s Naftogaz to secure gas supply
The EBRD approved a loan of up to €270mn for Ukraine’s Naftogaz to purchase natural gas for the next two heating seasons.
Armenia, Georgia could purchase Turkmen gas flows under swap deals with Iran if talks progress, says Armenian official
Armenia and Turkmenistan are in negotiations for the supply of gas from the latter to the former via common neighbour Iran, a senior Armenian official said on March 26, as cited by Armenpress.
Russian LPG exports to Afghanistan rise 52% amid EU sanctions
Russian liquefied petroleum gas (LPG) exports to Afghanistan have increased significantly over the past two months, reaching 71,000 tonnes - a 52% rise for the period.
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