FSUOGM - Former Soviet Union Oil & Gas

18 March 2025

Ukraine seen turning to US LNG imports as damage to gas infrastructure mounts

17 March 2025

Mounting damage to Ukraine’s natural gas production facilities is forcing Kiev to turn increasingly to gas imports from its European allies – as was recently illustrated by the agreement between Naftogaz and Poland’s Orlen.

Israel and Azerbaijan relations warm as SOCAR secures oil exploration licence

17 March 2025

Azerbaijan's national oil company SOCAR has secured exploration licences for Block "I" in Israel's Exclusive Economic Zone, Azerbaijan's Minister of Economy Mikayil Jabbarov announced.

Moldova to levy duty on gas purchased by Transnistria for industrial use

17 March 2025

If Transnistria uses the natural gas imported with money from Russia for industrial purposes, Moldova will impose a duty to bring the companies in the separatist region on equal footing with those in other parts of the country.

EU to soften gas storage rules to avoid price spikes

17 March 2025

EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year.

AIM-quoted Mongolian company Petro Matad says set for oil sales agreement sign-off on Heron field block

16 March 2025

AIM-quoted Mongolian oil company Petro Matad said on March 13 in an operational update that the operating committee for its Block XIX has confirmed acceptance of an oil sales agreement and the sign-off was being readied.

Gazprom plans entry into Chinese yuan bond market

16 March 2025

Russia’s national gas giant Gazprom is entering China’s yuan-denominated bond market, in a notable development for this relatively niche segment with few active issuers.

US mulls project partnerships with Russia's Gazprom

16 March 2025

First and foremost, US involvement in the operation of the Nord Stream 2 pipeline appears to be on the table.

Eurasia will be key driver to global gas production growth over coming decades: GECF

16 March 2025

The Eurasian region will be one of the key drivers of natural gas production growth over the coming decades, according to the latest outlook report by the Global Exporting Countries’ Forum.

West threatens to ratchet up sanctions on Russia to force a ceasefire in Ukraine

16 March 2025

The G7 nations on March 14 stressed the need for strong and credible security arrangements to support any ceasefire between Russia and Ukraine, warning Moscow to match Kyiv’s willingness to halt hostilities or risk additional sanctions.

QazaqGaz subsidiary secures $300mn loan from EDB

14 March 2025

Intergas Central Asia, a subsidiary of Kazakhstan’s national gas company QazaqGaz, has secured a loan of RUB26bn (approximately $300mn) from the EDB.

Azerbaijan increases oil and gas production in early 2025, exports 3.7mn tonnes of crude

14 March 2025

Azerbaijan's oil and gas output rose in the first two months of 2025, with the country producing 4.5mn tonnes of oil and condensate, maintaining stable extraction levels despite ongoing OPEC+ production constraints.

Azerbaijan and North Macedonia strengthen energy cooperation

13 March 2025

Azerbaijan and North Macedonia have reinforced their growing partnership, with a particular focus on energy cooperation, as Presidents Ilham Aliyev and Gordana Siljanovska-Davkova met to discuss various areas of collaboration.

Ukraine seeks to boost US gas imports amid rising energy demand

13 March 2025

Ukraine is planning to purchase significant volumes of American gas this year to meet growing import demand following Russian attacks on its energy infrastructure.

OPEC+ crude production jumps in February led by Kazakhstan’s quota violations

13 March 2025

Crude oil production from the OPEC+ alliance surged in February, led by a significant increase from Kazakhstan, which continues to exceed its output quota despite repeated commitments to comply, Bloomberg reported on March 12.

CPC Blend loadings up 24% m/m in February on Kazakh output rise

13 March 2025

CPC Blend oil loadings from the Caspian Pipeline Consortium’s (CPC) Black Sea terminal surged by approximately 24% m/m in February, reaching 1.68mn barrels per day (bpd), Reuters reported on March 12, citing its own calculations.

Slovak Transpetrol says Druzhba oil flow has been renewed

13 March 2025

Slovak oil transporting company Transpetrol says that oil flow via the Russian Druzhba [Friendship] pipeline has been renewed and that oil should be arriving in Slovakia in the evening hours of March 12.

Hungary says Russian oil supplies via Druzhba pipeline temporarily halted

12 March 2025

Hungary’s Foreign Minister Peter Szijjarto said on March 10 that Russian oil supplies through the Druzhba pipeline were temporarily suspended following large-scale Ukrainian drone strikes.

Kazakhstan's CPC oil pipeline shipments unchanged despite pledges to cut output in March

12 March 2025

Kazakhstan has yet to implement oil production and export reductions it pledged under its OPEC+ commitments, with crude flows via the Caspian Pipeline Consortium (CPC) route continuing at planned levels, Reuters has reported, citing five sources.

Kazakhstan to construct and modernise underground gas storage facilities

12 March 2025

Kazakhstan’s Ministry of Energy has unveiled a plan to construct and modernise underground gas storage facilities between 2025 and 2029, as part of a broader strategy to strengthen the country’s gas sector.

Druzhba pipeline oil deliveries suspended temporarily due to drone strike, Hungarian FM says

12 March 2025

Oil deliveries to Hungary via the Druzhba pipeline have had to be suspended temporarily on March 11 due to a Ukrainian drone strike on one of the pipeline’s measuring stations.

GECF bullish on natural gas as "integral" to energy mix for decades to come

11 March 2025

“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.

Russia ships diesel to Syria on US-sanctioned tanker

11 March 2025

Russia is reported to have shipped at least one cargo of diesel to Syria’s East Mediterranean region near Baniyas in recent weeks, using a tanker that has been sanctioned by the US government.

Kazakhstan delivers 100,000 tonnes of crude to Germany via Druzhba pipeline in February

11 March 2025

Kazakhstan delivered 100,000 tonnes of crude oil to Germany in February via the Druzhba pipeline system of Russia’s Transneft, according to a press release put out by KazTransOil.

Kazakhstan to reduce crude oil shipments via CPC by 70% in March

11 March 2025

Kazakhstan will reduce its crude oil shipments via the Caspian Pipeline Consortium (CPC) pipeline that runs to the Russian Black Sea coast by up to 70% in March, Deputy Energy Minister Alibek Zhamauov has said.

Kazakhstan in talks with oil producers to cut output amid upcoming OPEC+ production hike

11 March 2025

Kazakhstan is reportedly in talks with major oil producers operating in the country to implement output cuts aimed at aligning its production levels with targets set by the Organisation of the Petroleum Exporting Countries and allies (OPEC+).

TEIF 2025: Global partnership, investment and development

11 March 2025

The International Forum to Attract Foreign Investments in Turkmenistan’s Economy (TEIF 2025) is scheduled to take place on April 23-24 this year.