FSUOGM - Former Soviet Union Oil & Gas
Russian gas output could halve by 2040 under hard-to-recover fields are developed
The official warned that new fiscal incentives were needed to spur development of these hard-to-recover resources.
Uzbek gas output dips in 4M-25, but exports surge
Uzbekistan’s natural gas production dipped slightly in the first four months of 2025, but the country sharply increased its exports of the fuel – particularly to China – while scaling back imports.
Kazakhstan raises concern with Ukrainian authorities over CPC drone strikes
Kazakhstan has raised concerns with Ukrainian authorities over drone attacks in February and March that targeted infrastructure belonging to the Caspian Pipeline Consortium.
Serbia extends Russian gas supply deal until end-September
The temporary extension announced just days before agreement was due to expire as Belgrade and Moscow negotiate a new long-term energy deal.
Russia’s Gazprom to issue $150bn dollar bonds
Russian gas giant Gazprom will offer $150mn four-year US-dollar denominated bonds worth at least $150mn, with the yield guidance of 8.3%, according to Renaissance Capital citing the company.
China-controlled KMK Munai in Kazakhstan to supply 650,000 tonnes of oil in 2026 under international contracts
KMK Munai, an oil producer majority-owned by Chinese energy corporations, has approved plans to deliver 650,000 tonnes of crude oil in 2026 across Chinese, European and domestic markets.
Kazakhstan poised to exceed 2025 oil output targets amid Tengiz expansion
Kazakhstan is likely to surpass its official oil production target of 96.2mn tonnes for 2025 due to accelerated expansion at the Tengiz oilfield, Energy Minister Erlan Akkenzhenov stated in a podcast quoted by Russian state news agency TASS.
CPC resumes full operations after repairing damaged pumping station in Russia
The Caspian Pipeline Consortium (CPC) has confirmed that the Kropotkinskaya pumping station, damaged in a February drone strike, has been fully repaired and returned to service, Reuters reported on May 24.
Gazprom-controlled Moldovagaz loses main gas supply role in Moldova
Moldova’s state-owned energy company Energocom will replace Gazprom-controlled Moldovagaz as the country’s primary gas supplier for the next three years.
Romania’s Romgaz targets up to 30% share in Moldova’s gas import market
Romania’s state-owned gas producer Romgaz is preparing to enter the Moldovan energy market with plans to supply up to 30% of the natural gas imported by the Republic of Moldova.
Russia's Amur region to ship 500,000 tpy of LNG to China
Russia’s Amur region intends to export up to 500,000 tonnes per year of LNG to China via road transport, the region’s governor Vasily Orlov said during the AmurExpo-2025 economic forum on May 25.
Russian petchems player Sibur opens tech centre in Nizhnekamsk
Russian petrochemicals giant Sibur has opened a RUB1.8bn engineering and technical development centre in Nizhnekamsk.
Shareholders in Moldovagaz resist asset sales required under EU energy rules
Shareholders of Moldovagaz, the joint Russian-Moldovan gas utility, are unwilling to sell assets required for compliance with the EU’s Third Energy Package.
Turkish tanker operator Palmali loses London lawsuit against Lukoil’s Swiss trading arm Litasco
Turkey-based tanker operator Palmali on May 23 lost a London lawsuit pursued against Russian oil company Lukoil’s trading arm, Swiss subsidiary Litasco, over a purported agreement to supply oil products, Reuters reported.
Tatneft signs off on dividend
Shareholders of Russian oil producer Tatneft have approved a final dividend payout of RUB43.11 ($0.47) per preferred and ordinary share for 2024.
Rosneft lands rare earth metal licence
Russian state oil major Rosneft has acquired full ownership of Vostok Engineering, the licence holder for the Tomtor rare earth metals deposit.
Sberbank sues Antipinsky refinery owner
Russia’s largest lender Sberbank has filed a legal claim tied to loan and credit agreements against NKNP, a company formerly linked to the now-bankrupt Antipinsky oil refinery.
Russian gas giant Gazprom scraps 2024 dividend, as expected
The board of Russian state natural gas giant Gazprom has recommended not paying a 2024 dividend, marking a second consecutive year of no dividend payout.
Kazakhstan becomes third largest crude supplier to EU
Kazakhstan became the third-largest supplier of crude oil to the EU in 2024, exporting an average of 1.05mn barrels per day.
Kazakhstan's Kashagan oil field output to reach 17.8mn tonnes in 2025
Oil production at Kazakhstan’s Kashagan field in the Caspian Sea is forecast to reach 17.8mn tonnes in 2025.
Dividends of sanctioned Russian oil major Surgut below expectations
The board of Russian oil major Surgutneftegaz (Surgut or SurgutNG) has recommended dividends for 2024 of RUB0.9 per ordinary share and RUB8.5 per preferred share, according to the company’s announcement.
Sanctioned Russian maritime major SovComFlot allowed not to pay dividends
The Russian government has instructed the Finance Ministry, Transport Ministry, and Federal Agency for State Property Management (RosImushchestvo) to exclude state-controlled maritime major SovComFlot from dividend payments on 2024 results.
Iran urges Turkmenistan to build new gas pipeline with regional swap capability
Iranian President Masoud Pezeshkian has called on Turkmenistan to factor in regional gas swap potential in the design of a planned new pipeline linking the two countries.
EU adopts 17th sanctions package against Russia, targeting oil industry
The EU has adopted its 17th sanctions package against Russia on March 20, intensifying pressure on Moscow's oil and gas industry in particular.
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