FSUOGM - Former Soviet Union Oil & Gas
Turkey strikes new long-term agreement to import 33bcm of natural gas from Azerbaijan
Turkey has struck a new long-term agreement under which it will import 33bn cubic metres (bcm) of natural gas from Azerbaijan, Turkish Energy Minister Alparslan Bayraktar said on January 4 in a televised interview.
Russia’s LPG exports to Central Asia, Afghanistan said to have nearly doubled
Russia reportedly nearly doubled exports of liquefied petroleum gas (LPG) in January to November last year to Central Asian countries and Afghanistan to 1.016mn tonnes.
Geopolitical volatility triggers OPEC+ retreat to market neutrality
The leading factions of the OPEC+ alliance have opted to maintain current crude production ceilings
Poland's PERN strikes deal with Kazakhstan's KazTransOil on crude supplies
Poland’s oil pipeline operator PERN has signed an agreement on technical cooperation with Kazakhstan’s state pipeline company KazTransOil to support shipments of Kazakh crude to Germany.
Uzbek gas output sees further 5% decline in Jan-Nov 2025
Natural gas production in Uzbekistan fell by 5.1% year on year in January–November 2025 to 38.9 bcm, underscoring mounting pressure on the country’s energy balance even as gas exports rose in value.
Ukraine’s gas imports surge 800% in 2025 after Russian attacks cripple domestic production
Ukraine’s natural gas imports soared nearly 800% in 2025, reaching 6.47bn cubic metres, their highest level since 2020, as sustained Russian strikes on domestic gas infrastructure sharply reduced output and pushed Kyiv to source fuel from abroad.
China takes over 20 sanctioned Russian LNG shipments despite Western curbs
China received 22 shipments of LNG in 2025 from two Russian export projects subject to US and European Union sanctions, highlighting Beijing’s continued engagement with Moscow’s energy sector.
Mongolia’s first oil refinery 50% complete, construction schedule accelerated
The project to build Mongolia its first oil refinery under an intergovernmental agreement with New Delhi is 50% complete.
Russia extends fuel export bans to February
The Russian government has extended temporary bans on the export of motor gasoline, diesel and other petroleum products until February 8 next year, to stabilise supplies and prices on the domestic fuel market amid ongoing supply strain.
Russia's Novatek bullish on future global oil demand
Russian Deputy Prime Minister Alexander Novak has said global oil demand could rise sharply by 2050.
Bright prospects for Russian gas in Central Asia, Gazprombank says
The bulk of the growth is expected to come from Uzbekistan. Many of the country’s large gas fields are depleted and output is in decline.
Russia delivers first domestically-produced LNG carrier
Russia’s Sovcomflot has taken delivery of the country’s first domestically-built, icebreaking ARC7 LNG carrier, the Aleksey Kosygin, at the Zvezda shipyard in the Far East.
Europe's LNG imports surge to record 142bn cubic metres in 2025
Europe's LNG imports hit record 142bn cubic metres in 2025, up 28% from previous year, as continent continues reducing Russian pipeline gas dependence with December reaching 12.7bn cubic metres.
St Petersburg residents freeze as power station fire knocks out heating to thousands
Thousands of St Petersburg residents left without heating after mysterious fire at Avtovskaya power station knocks out supplies across five districts as authorities provide minimal details about overnight blaze discovered at 2.51am.
Russia’s oil tax revenue to hit three-year low in January amid falling prices and strong ruble – Reuters
Russia’s tax revenue from crude oil production is set to fall to its lowest level since 2022, with proceeds in January 2026 projected at RUB380bn ($4.72bn), a 16% decline from December and down 55% y/y, Reuters reported on December 19.
Kazakhstan’s 11-month oil output and export figures show country on track to meet targets despite CPC disruption
Kazakhstan Deputy Energy Minister Sungat Yessimkhanov announced at a government meeting on December 17 that Kazakhstan’s oil output rose by 14.1% y/y to 91.9mn tonnes in the January-November period.
Azerbaijan sends first petrol shipment to Armenia via Georgia
Shipment dispatched amid renewed diplomatic engagement between Armenia and Azerbaijan following talks in Washington in August.
Oil tankers appear to be cleaving to Georgia, Turkey Black Sea coasts to cut risk of Ukraine drone attacks, says report
Oil tankers carrying Russian crude across the Black Sea appear to be cleaving to the Georgian and Turkish coasts to cut the risk that they will be targeted by Ukrainian sea drones, according to a December 18 report from Bloomberg.
Uzbekistan dismisses senior energy official Alisher Sultanov
Uzbekistan has dismissed veteran energy official Alisher Sultanov from his post as presidential representative for energy security, according to the president's press secretary, Sherzod Asadov.
European Union expands sanctions against Russian shadow fleet with 41 additional vessels
European Union sanctions 41 vessels in Russia's shadow oil tanker fleet, bringing total designated vessels to nearly 600, as bloc maintains pressure on Russia's energy revenues and sanction circumvention efforts.
LNG supply crunch as carrier orders outstrip shipping capacity
The global LNG market is facing a supply crunch as planned liquefaction capacity is outpacing the number of new carriers set to enter service by 2030, Argus Media reported on December 18.
Kazakh pipeline operator KazTransOil opens branch office in Poland, first in EU
The board of directors of Kazakh state-run pipeline operator KazTransOil (KZTO) has authorised the opening of a branch office in Poland. The office is the company’s first official representation within the EU, the company said in a statement.
MOL signs upstream agreement with SOCAR
Saudi Midad Energy emerges as frontrunner for Lukoil assets
With an all-cash bid and close ties in both Moscow and Washington, Saudi Midad Energy emerges as top bidder for $22bn foreign asset portfolio of sanctioned Russian oil major Lukoil
Slovenia’s Geoplin wins €185.2mn damages claim against Gazprom Export in ICC arbitration
An arbitral tribunal of the International Chamber of Commerce (ICC) has ruled that Russia’s Gazprom Export breached its contractual obligations towards Slovenia’s gas importer Geoplin during the period from June to December 2022.
UK removes Egypt’s Zohr gas project from sanctions despite stake held by Russia's Rosneft
UK removes Egypt’s Zohr gas project from scope of its sanctions regime despite Rosneft’s minority stake, citing Treasury decision that highlights a pragmatic carve-out for energy assets critical to regional gas supply and Egypt’s LNG exports.
Condor to accelerate gas development activities in Uzbekistan by mobilising second drilling rig
Canada-based Condor Energies Inc (TSX: CDR) said on December 16 in a press release that it intends to accelerate natural gas development activities in Uzbekistan by mobilising a second drilling rig.
Russian oil sold at minor discount as new buyers emerge
Russian crude oil is being sold at one of the steepest discounts seen this year, although minor compared to 2022, as new buyers step in following a sharp drop in demand triggered by fresh US sanctions.
CPC to speed up repairs of single point moorings at Black Sea oil export terminal
The Caspian Pipeline Consortium (CPC) will reportedly receive two new single-point moorings for its Russian Black Sea coast oil export terminal earlier than planned, with delivery now expected in January instead of April.
Kazakhstan expects ruling in Karachaganak arbitration case by end-2025
Kazakhstan reportedly expects a ruling before the end of the year in an arbitration case involving the international consortium developing the Karachaganak oil and gas condensate field.
Transnistria reintroduces state of emergency over gas supply reduction
Leadership of unrecognised republic will restrict gas consumption for industrial users while prioritising households.
Erdogan urges Russia, Ukrain to stop targeting Black Sea vessels
Turkish President Recep Tayyip Erdogan on December 15 urged Russia and Ukraine to stop targeting vessels on the Black Sea, addressing an event organised by Turkey’s foreign minister to bring together Turkish ambassadors in Ankara.
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