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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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Turkmengaz has go-ahead to sign EPC with CNPC subsidiary for fourth development phase of giant Galkynysh field, say state media
Turkmenistan’s state-run gas company Turkmengaz has received government authorisation to sign a Galkynysh 4th phase development EPC contract with CNPC subsidiary CNPC Amu Darya Petroleum, state media say.
Condor in 2025 scales up gas production in Uzbekistan, progresses LNG project in Kazakhstan
Canada-based Condor Energies Inc (TSR:CDR) has reported that its Uzbekistan operations in 2025 enjoyed rising production and revenues.
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Kazakhstan cancels contract with Shell and Eni
State takes charge of building processing facility at Karachaganak field.
Russia finmin proposes keeping Argus for oil tax calculation
Russia’s finance ministry is proposing to maintain the use of Argus price quotations for calculating oil taxes.
Ukraine diesel supply stable for now but April outlook uncertain
Ukraine’s diesel market is expected to remain adequately supplied through the end of March, supported by steady imports, but uncertainty is mounting over availability and pricing in April as global energy markets tighten.
Rising fuel costs from Middle East conflict raise Georgian inflation risk and dim rate cut prospects
Russia’s oil exports to India jump 27% in March
Russia’s oil exports to India rose by 27% month-on-month (m/m) in March to 1.4mn barrels per day, while Urals crude traded at a $5 per barrel premium to Brent in the Indian market.
Russian hydropower major RusHydro posts profit of $1.3bn in 2025
Russia’s state hydropower holding RusHydro reported revenue of RUB741bn ($8.1bn) under IFRS for 2025, up 15% year-on-year.
Japan’s MHI selects Saipem’s urea technology for new fertiliser plant in Turkmenistan
Italy’s Saipem on March 20 announced that it has been awarded a new urea licence agreement by Japan’s Mitsubishi Heavy Industries (MHI) for a new fertiliser plant in Turkmenistan.
Appetite for Turkmen gas could rise in China, Turkey and Europe amid Hormuz crisis
Disruption to Middle East supplies may have concentrated minds. Is Central Asia gas a better bet?
Lukoil backs higher dividend than expected despite sanctions
Lukoil’s board of directors has recommended a final dividend for 2025 of RUB278 per share, surpassing analysts’ expectations.
Ukrainian heating firms told to halt gas withdrawals over debt
In the event of non-compliance, the company warned it would forcibly cut gas supply and block accounts.
UK grants Transneft licence to handle Kazakh oil
The UK authority said the licence is valid from March 19, 2026, to March 18, 2028.
Libya to tow damaged Russian shadow fleet LNG carrier to port
The vessel was struck by Ukrainian sea drones.
Russia’s oil windfall from the Iran war masks a slower decline
Russia’s oil industry has been handed a short-term reprieve by the war in Iran and the closure of the Strait of Hormuz, but the boost from triple-digit crude prices does not alter the sector’s deeper trajectory, Sergey Vakulenko says.
Has Trump TACO'd on the Iran war?
Trump's five-day pause on Iran power plant strikes follows the classic TACO pattern of escalate-then-retreat, but analysts warn this war may be the one where the formula breaks down.
Drop in Iranian gas flows tests Turkey’s energy resilience
A sharp fall in Iranian gas supplies to Turkey following Israeli strikes on Iran’s South Pars field and subsequent regional tensions are testing Ankara’s energy security, although analysts say the impact is likely to be contained.
Ukraine gas sector profits plunge after Russian strikes hit infrastructure
Ukraine’s gas production industry saw profits collapse by around 80% in 2025, as sustained Russian attacks on energy infrastructure severely disrupted output and revenues.
Kyrgyzstan: Ousted security services chief now facing corruption allegations
Suspected of involvement in scheme to skim millions while he led an anti-corruption campaign.
Uzbekneftegaz to bore 105 wells with China National Petroleum Corporation subsidiary Xibu
Iran begins charging vessels to transit Strait of Hormuz through IRGC-controlled 'safe corridor'
Iran begins charging up to $2mn per vessel for passage through a new IRGC-controlled "safe corridor" in the Strait of Hormuz, with India, China, Pakistan and Iraq among countries negotiating access.
Iran’s permits-for-passage through Hormuz system is developing fast
Iran has begun extracting payments of up to $2mn per tanker for passage through the Strait of Hormuz, as the informal permits-for-passage system allowing only tankers from “friendly countries” through develops quickly.
Russia accuses Ukraine of trying to disable pipelines that deliver gas to Turkey, Hungary and Slovakia
Gazprom alleges 26 attack drones tried to reach compression stations vital to TurkStream and Blue Stream operations.
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