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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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Kazakhstan weighs $500mn exploration consortium with Chevron, Shell and Chinese oil firms
Kazakhstan is in talks with US, British and Chinese oil companies to establish a consortium for geological exploration, with preliminary investment estimated at around $500mn.
Russia’s Lukoil plans offshore surveys for two Caspian oil and gas developments in 2027
Russia's Lukoil plans to conduct offshore engineering surveys at two oil and gas fields in the Caspian Sea during 2027, advancing preparations for new production infrastructure in the Russian sector of the basin.
Damaged Aframax Rio oil tanker spotted near Novorossiysk amid pollution concerns
The Liberian-flagged oil tanker Aframax Rio, damaged in a maritime drone attack off Russia's Black Sea coast last week, has been spotted near Novorossiysk amid growing concerns about possible oil pollution.
Russia partially lifts diesel export ban following Trump-Putin agreement
Russia has partially lifted its ban on diesel exports, allowing an initial 500,000 tonnes of fuel to reach international markets following an agreement between Russian President Vladimir Putin and US President Donald Trump.
Moscow gas pipeline construction reaches 90% completion
Construction of a new high-pressure gas pipeline in western Moscow is 90% complete, with the project expected to strengthen gas supply reliability and accommodate future demand.
Kazakhstan’s KazTransOil raises oil transport by 4% in Jan-Sept
Kazakhstan's national oil pipeline operator KazTransOil increased crude transportation through its trunk pipeline network by 4% year on year to 34.392mn tonnes (approximately 923,000 barrels per day) in January–September 2026.
Carlyle withdraws from Russian oil firm Lukoil’s asset sale as US-backed bidders emerge
US private equity firm Carlyle Group is no longer actively pursuing the acquisition of Russian oil producer Lukoil's international assets.
Trump's energy ceasefire announcement raises more questions than answers
Trump's claim of a Russia–Ukraine energy ceasefire remains unsubstantiated, raising concerns that a narrower deal could benefit Moscow more than Kyiv ahead of winter.
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.
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