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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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Moldova seeks cheaper gas through long-term supply contracts with Ukraine
Moldova plans to discuss long-term natural gas supply contracts with Ukraine in a bid to secure lower prices and reduce transportation costs.
Middle East crude recovers, products crisis deepens
Eight months into the Iran war, Gulf crude flows are approaching pre-war volumes but a depleted products and LNG system faces winter with no margin
Georgia's fuel imports fall 4.7% as Russia retains largest market share
Georgia's gasoline and diesel imports fell by 4.7% year on year to 1mn tonnes in January–September 2026, although Russia remained the country's largest fuel supplier.
Kazakhstan’s QazaqGaz, Kyrgyz subsidiary of Russia’s Gazprom sign gas cooperation deal
Kazakhstan's national gas company QazaqGaz and Gazprom Kyrgyzstan, a subsidiary of Russia's Gazprom have signed a memorandum of understanding aimed at strengthening technical cooperation and improving the reliability of gas infrastructure.
Slovakia seeks talks with EU on extending Russian gas imports beyond 2027
Slovakia plans to negotiate with the European Commission over extending imports of Russian natural gas beyond the European Union's 2027 phase-out deadline.
Russian energy equipment production reaches nearly RUB1 trillion
Russian production of equipment for the energy sector has reached almost RUB1 trillion ($12.3bn), Prime Minister Mikhail Mishustin announced on October 12, highlighting progress in the country's efforts to reduce dependence on imported technologies.
Trump’s Russian diesel deal deepens rift with Ukraine as refinery strikes continue
President Trump’s agreement with Vladimir Putin to resume Russian diesel supplies to American and global markets has drawn sharp criticism from Ukraine and lawmakers in both US parties, while Kyiv has vowed to continue attacking Russian refineries.
ExxonMobil reportedly blocks settlement over Kazakhstan’s $5.07bn Kashagan fine
ExxonMobil has reportedly opposed a proposal for partners in Kazakhstan’s Kashagan oil field to settle a disputed environmental fine with the government, complicating negotiations over a potential expansion of the major offshore project.
Uzbekistan begins GTL plant privatisation, IPO preparations
Uzbekistan has begun preparations to privatise Uzbekistan GTL, the country's gas-to-liquids synthetic fuel plant, and launch an initial public offering (IPO).
BEYOND THE BOSPORUS: Why Azerbaijan’s official news agency lifted lid on Turkey’s hidden trade with Israel
Report exposing cargoes shipped to Israeli ports came after President Aliyev made fiery address complaining of interference in his country’s affairs.
Kazakhstan settles long-running cost dispute over Dunga oil field
Kazakhstan’s Ministry of Energy and Dunga Operating have reached an agreement to resolve a long-running dispute over historical costs at the Dunga oil field, with investors committing to compensate the state and fund a new phase of development.
World powers cannot let Black Sea become new front in Russo-Ukrainian war, says Turkey’s foreign minister
World powers must not allow the Black Sea to be turned into a new front in the Russo-Ukrainian War, Turkish Foreign Minister Hakan Fidan said on October 8.
India cuts Russian oil purchases as recovery in Middle East flows erodes Moscow's edge
Canada’s Condor increases funding for Uzbek gas and Kazakh LNG projects to up to C$70mn
Armenia would rather pay market price than political price for Russian gas, says finance minister
Armenia is prepared to move to market-based pricing for Russian natural gas because subsidised supplies that provide cheap energy end up costing the country politically and economically, according to Finance Minister Vahe Hovhannisyan.
Rosatom consolidates transportation Delo Group for $0.9bn
EIA raises Azerbaijan 2027 oil output forecast to 530,000 barrels a day
The US Energy Information Administration (EIA) forecasts Azerbaijan's average oil production in 2027 at 530,000 barrels a day, up 10,000 barrels a day from its September projection of 520,000 barrels a day.
Kazakhstan, Oman sign eight agreements, discuss deeper economic ties
Kazakhstan and Oman signed eight agreements covering investment, transport, finance and energy during Sultan Haitham bin Tariq Al Said’s state visit to Astana on October 5.
TMK says gas rates continue to rise at Gurvantes XXXV pilot well project in Mongolia
TMK Energy (ASX:TMK) on October 6 announced in a stock exchange filing that daily gas production continues to increase at its 100%-owned Gurvantes XXXV Pilot Well Project in Mongolia.
Azerbaijan’s SOCAR completes first 3D OBN seismic survey at Gunashli oilfield
Azerbaijan’s SOCAR has completed its first 3D ocean-bottom node seismic survey in the Caspian Sea, targeting the shallow-water section of the mature Gunashli oilfield.
Shareholders in Russia’s Novatek approve RUB35.5 interim dividend
Shareholders in Russia’s Novatek have approved an interim dividend of RUB35.5 ($0.42) per share for the first half of 2026, unchanged from the payout for the same period last year.
Uzbekistan cuts gas exports as fuel imports rise
Uzbekistan’s natural gas export revenues fell 34.8% year on year to $322.3mn in January-August 2026, as declining domestic production increased pressure on the country’s energy balance.
Russia moves to open offshore sector to private oil companies
Russia’s natural resources ministry has proposed opening the country’s continental shelf to a wider group of domestic oil and gas companies, seeking to accelerate development of vast offshore resources.
Kazakhstan’s KMG to deploy digital twins at 12 oilfields by 2028
Kazakhstan’s KazMunayGas plans to introduce AI-powered digital twins at 12 oilfields accounting for more than 90% of the group’s production by the end of 2028.
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