FSUOGM - Former Soviet Union Oil & Gas

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Oil & Gas

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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.

FSUOGM is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Moldova to instruct Moldovagaz to build up gas reserves for Transnistrian region

19 June 2026

Moldova plans to require the entity responsible for supplying natural gas to the Transnistrian region, currently Moldovagaz (controlled by Gazprom), to gradually build and maintain strategic gas reserves.

MOSCOW BLOG: Ukrainian drone strikes spark fuel fears in the Russian capital

19 June 2026

Ukraine has once more brought the war to Russia’s capital, launching its biggest drone strike against Moscow since the start of the conflict, causing what may be extensive damage to the city’s main oil refinery and sparking fears of fuel shortages.

Refiner Tupras still ranks as Turkey’s largest industrial company

18 June 2026

Refiner Tupras (IST: TUPRS) remained Turkey’s biggest industrial company in 2025, according to a ranking published by Istanbul Chamber of Industry (ISO).

Jordan Phosphate, Uzbekistan to conduct feasibility studies for joint fertiliser plant

18 June 2026

Jordan Phosphate Mines Company (JPMC, stock ticker: ASE: JOPH) and Uzbekistan are exploring the possibility of establishing a joint phosphate fertiliser project.

US licence for Russian oil expires on June 17

18 June 2026

A US Treasury Department licence that allowed the completion of deliveries of Russian oil and petroleum products loaded before April 17 expired on June 17, with no prolongation of the license issued yet.

Turkey’s LNG imports more than double in April

17 June 2026

Turkey more than doubled its liquefied natural gas (LNG) imports in April.

Oil export price beats Azerbaijan's 2026 budget plan by 22% in Q1

17 June 2026

Azerbaijan's crude oil exports fetched an average of $79.5 a barrel in the first quarter of 2026, well above the $65 a barrel assumed in the state budget.

Russia's stranded LNG pipeline

16 June 2026

Russia has a large stranded LNG pipeline that might help replace lost Qatari supply over the coming years, but everything depends on sanctions relief.

New initiative launched to redirect Gulf energy flows away from Strait toward Mediterranean

15 June 2026

Syria envisioned as key cog in new energy distribution network.

BP, SOCAR apply tech to boost recovery at Azerbaijan's giant ACG oil project

15 June 2026

UK oil major BP and Azerbaijan’s national oil company SOCAR have outlined the technologies used to maximise recovery at the ACG oil project in the Caspian Sea offshore Azerbaijan.

Kazakhstan to auction 30 exploration blocks with estimated 9bn BOE potential

15 June 2026

Kazakhstan’s Ministry of Energy will reportedly auction 30 oil and gas exploration blocks on July 29, offering acreage with an estimated hydrocarbon resource potential of more than 9bn barrels of oil equivalent (BOE).

Turkmenistan would risk offending Russia for 30 bcm of Trans-Caspian gas, but likely not 10 bcm, says analyst

14 June 2026

Turkmenistan would risk upsetting gas export rival Russia for a 30-bn cubic metre (bcm) Trans-Caspian Pipeline (TCP) but likely not for a 10-bcm TCP, according to an energy analyst.

Ukraine launches another major drone strike, hitting fuel depot and chemicals plant

14 June 2026

Ukraine launched one of its largest recent drone attacks on Russia overnight on June 14, striking a state fuel storage depot northeast of Moscow and a major chemicals plant in Tula region.

Russian gas supplies to Uzbekistan via Kazakhstan rose 15% in 2025, says Gazprom

13 June 2026

Uzbekistan's natural gas imports from Russia reportedly rose by 15% in 2025.

Russian research firm Euler expects Urals oil discount to narrow to $17 per barrel by end of year

13 June 2026

The discount for Russia’s Urals crude to Brent is expected to narrow to $17 per barrel by the end of 2026, down 26% from the second quarter.

London court concludes hearings on Nord Stream insurance dispute

13 June 2026

A London court has concluded hearings in a dispute over insurance payouts to the operator of the Nord Stream gas pipelines following the 2022 explosions in the Baltic Sea.

Kazakhstan presses ahead with gas processing project at Kashagan oilfield

13 June 2026

Kazakhstan has moved ahead with plans to build a 2.5 bcm-per-year gas processing plant at the Kashagan oilfield, a project expected to support higher oil production at one of the country’s largest upstream assets.

Trading arm of Ukraine's DTEK receives US LNG at Dutch terminal

13 June 2026

D.TRADING, the trading arm of Ukraine’s DTEK, has delivered a US LNG cargo to the Gate terminal in Rotterdam, expanding its role in Europe’s gas market.

London-listed oil player Pennpetro eyes expansion in Ukraine and US

13 June 2026

Pennpetro Energy plans to acquire an initial minority stake in the Limnytska oil and gas licence in western Ukraine as it looks to build a diversified portfolio of producing and near-term oil and gas assets.

Russian arbitration court to hear Gazprom lawsuit against Poland's Orlen on July 24

13 June 2026

An arbitration court in St Petersburg has scheduled a hearing for July 24 in Gazprom’s lawsuit against Poland’s Orlen and Europol Gaz.

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