FSUOGM - Former Soviet Union Oil & Gas
Another Russian court orders seizure of assets of former Gazprom execs
The court has ordered the recovery of assets valued at no less than RUB150bn ($1.65bn) and their transfer to the state.
Putin orders completion of pipeline to Murmansk by 2030
The Volkhov-Murmansk pipeline will not only provide gas supply to Russia’s far northern city of Murmansk and the surrounding order, but it will also play a critical role in providing gas feedstock for Novatek’s proposed Murmansk LNG plant.
Chinese firm eyes small-scale LNG plant in Russian Far East
A subsidiary of China’s Zhongyu Xinxing Energy Industry Corp. plans to construct a small-scale liquefied natural gas plant in Russia’s Khabarovsk region.
Russia files WTO complaint against EU's carbon border adjustment mechanism
Russia argues the measure violates global trade rules and unfairly restricts access for non-EU producers.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
European gas output dips to four-year low in Q1
European natural gas production, including output from Norway, the UK and Turkey, declined by 8% year on year to 47.7bn cubic metres in the first quarter of 2025.
Ukraine begins gas imports via Slovakia amid rising storage needs
Ukraine has begun importing natural gas through Slovakia as it ramps up efforts to replenish its underground storage ahead of the next heating season.
Turkmenistan eyes Iran transit route to widen gas exports to other countries
Turkmenistan is looking to build up its gas exports to other countries by channelling supplies through Iran, Foreign Minister Rasit Meredow said during a visit to Tehran.
US grants permanent exemptions for CPC and Tengizchevroil amid Russia sanctions
The US has issued permanent exemptions allowing transactions linked to Kazakhstan’s Caspian Pipeline Consortium (CPC) and Tengizchevroil (TCO), safeguarding key oil export routes from the reach of recent sanctions targeting Russia.
BP completes drilling of initial appraisal well for gas development at ACG block
BP has completed drilling the first well under the new free gas development project at the Azeri-Chirag-Gunashli oilfield block, targeting two priority gas-bearing reservoirs.
Serbia negotiates new long-term gas deal with Russia
Serbia has increased efforts to diversify its energy sources but remains heavily dependent on Russian gas.
Tensions in the Baltic Sea: Russia detains oil tanker that left Estonian port
Russian authorities detained a Greek-owned oil tanker, Green Admire, on May 18 after it departed from Estonia’s Port of Sillamae en route to Rotterdam, and was transiting Russia’s territorial waters along a previously agreed shipping corridor.
BP eyes entry into Karabakh oil project as Shah Deniz Compression investment decision nears
British energy major BP is in talks with Azerbaijan’s state oil company SOCAR to join the development of the Karabakh oil field in the Caspian Sea.
COMMENT: Europe must choose either to accept 15% of Russian gas supplies or zero
The European Commission on May 6 unveiled a brief roadmap outlining how it plans to achieve the EU objective of eliminating all remaining Russian energy imports by 2027.
Kazakhstan’s CPC crude oil exports forecast to rise in June despite OPEC+ overproduction concerns
Exports of CPC Blend crude oil via the Black Sea are reportedly expected to increase in June to between 1.6mn and 1.7mn barrels per day (bpd).
Chevron fund to invest $10mn in Kazakhstan’s sole bioethanol producer
Chevron Direct Investment Fund (CDIF) will invest $10mn in BioOperations, Kazakhstan’s only bioethanol producer, to support the expansion of its manufacturing capacity and the creation of new jobs.
Kazakhstan boosts oil refinery output by 10.8% in first four months of 2025
Kazakhstan’s oil refineries processed 6.092mn tonnes of crude oil between January and April, reflecting a 10.8% y/y increase.
Azerbaijan’s oil output down 5.4% y/y in January–April, while gas production inches up
Azerbaijan’s oil output down 5.4% y/y in January–April, while gas production inches up
Oil and gas pipeline transport and investment decline in Azerbaijan in January–April 2025
Oil and gas pipeline transport and investment decline in Azerbaijan in January–April 2025
Condor Energies reports 1Q growth, expands LNG and critical minerals portfolio in Central Asia
Canadian energy transition company Condor Energies has reported a 6% increase in production and revenue in the first quarter of 2025 from its operations in Uzbekistan, alongside new strategic developments in Kazakhstan LNG and critical minerals.
Kazakhstan exceeds OPEC+ quota in April despite 3% drop in oil output
Kazakhstan's crude oil production reportedly fell by 3% m/m to 1.82mn barrels per day (bpd) in April.
Eurasia a significant source of methane emissions – report
Russia and Turkmenistan are primary offenders.
Kazakhstan’s CPC oil exports to fall in May amid pipeline maintenance
Kazakhstan’s oil exports via the Caspian Pipeline Consortium (CPC) are reportedly expected to decline in May, with CPC Blend shipments set at 1.5mn barrels per day (bpd), or roughly 6mn tonnes for the month.
Kazatomprom secures KZT85bn loan for sulphuric acid plant in Turkestan region
The world’s biggest uranium producer Kazatomprom has announced the signing of a KZT85bn ($188mn) credit line agreement with Development Bank of Kazakhstan to fund the construction of a sulphuric acid production facility.
UK sanctions Azerbaijani state-owned tanker and oil traders over alleged Russian sanctions evasion
Azerbaijan’s industrial output down 2.2% in January–April as oil and gas production falls
Azerbaijan’s GDP grows 0.9% in January–April as oil sector contracts and investment declines
EU eyes sanctions on Surgutneftegaz, Lukoil unit and Russian insurer in next package
The EU is considering the inclusion of Russian oil producer Surgutneftegaz, insurance firm VSK, and Litasco Middle East, a subsidiary of Russian oil firm Lukoil, in its 17th package of sanctions against Russia.
Ukraine pledges $48mn in annual payments to joint subsoil fund with US
The Ukrainian government plans to allocate up to UAH2bn ($48mn) annually to a future US-Ukrainian subsoil fund.
Putin, Xi pledge to fast-track progress on Power of Siberia 2 pipeline
Russian President Vladimir Putin and Chinese President Xi Jinping have instructed their respective government officials to fast-track the development of the Power of Siberia 2 gas pipeline project.
Russia sees sharp fall in oil reserves replacement
The growth in Russia's oil reserves, including gas condensate, dropped by 9% in 2024 to 516mn tonnes, matching the country's oil production for the year.
Serbia seeks favourable new gas deal with Russia
Serbia has reached a preliminary agreement with Russia on a new natural gas deal under favourable terms, as the country’s existing contract with Gazprom nears expiration at the end of May.
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor
Azerbaijan and the EU discuss the expansion of gas exports and green energy corridor,
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