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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TMK Energy, largest Mongolian LPG company Dashvaanjil link up for gas-to-power projects

18 May 2026

TMK Energy (ASX:TMK) on May 18 announced in a stock market filing that it has entered into a gas-to-power memorandum of understanding (MoU) with Dashvaanjil Group, Mongolia’s largest liquefied petroleum gas (LPG) import and distributor.

Ukraine escalates drone strikes against Russian oil infrastructure, exports down 10%

18 May 2026

Ukraine has stepped up its drone strikes on Russia’s energy infrastructure with one of the most intense weekends of bombing that targeted refineries, pipelines and storage facilities in a campaign that has reduced oil exports by about 10%.

Turkey seeks higher Kazakh oil flows to Mediterranean via BTC

15 May 2026

Turkish President Recep Tayyip Erdogan has said Turkey wants greater volumes of Kazakh oil to reach global markets through the Baku-Tbilisi-Ceyhan (BTC) pipeline.

Uzbekistan Airports signs sustainable aviation fuel supply deal with Allied Biofuels

14 May 2026

Uzbekistan Airports, a state-owned operator, has signed a memorandum of understanding with Allied Biofuels FE LLC (ABF) to develop future supplies of sustainable aviation fuel (SAF) and e-SAF in Uzbekistan.

Heavy mudflows trigger oil spillage in southeastern Uzbekistan

14 May 2026

A mudflow-triggered oil spill in Uzbekistan’s southeastern region of Surkhandarya has renewed environmental concerns.

BP joins SOCAR-led PSA, agreement is British giant's first upstream Uzbekistan deal

13 May 2026

British oil and gas giant BP has entered Uzbekistan’s upstream energy sector for the first time, joining a production sharing agreement (PSA) for six exploration blocks in the country’s remote northwestern Ustyurt region.

Japan takes first Azeri oil cargo since start of US-Iran war

12 May 2026

Japan is diversifying crude oil imports and deepening energy cooperation with Saudi Arabia as disruption in the Strait of Hormuz forces the country to reduce its overwhelming reliance on Middle Eastern supplies.

Kazakhstan sees limited economic risks from UAE exit from OPEC

12 May 2026

Kazakhstan reportedly does not expect major economic turbulence following the UAE’ withdrawal from OPEC and the broader OPEC+ agreement.

Russian oil, gas revenues rise in April but fall short of forecasts

11 May 2026

Russia’s oil and gas revenues rose in April from the previous month but fell well short of market expectations, as higher compensation payments to refiners and a stronger ruble offset gains from rising crude prices.

Putin pledges to cover Slovakia's energy needs

11 May 2026

Russian President Vladimir Putin pledged to continue supplying Slovakia with energy resources during talks with Slovak Prime Minister Robert Fico.

Japan takes second Russian oil cargo

11 May 2026

Japanese refiner Idemitsu Kosan has purchased a cargo of Russian crude oil, becoming the second Japanese company to resume such imports since disruption in the Middle East upended global energy markets.

Azerbaijan spuds deepwater well at Umid gas field

11 May 2026

Azerbaijan has completed the first phase of drilling at a deep appraisal well at the Umid gas field in the Caspian Sea, as Baku steps up efforts to expand gas exports to Europe.

EU imports record volumes from Yamal LNG in April

11 May 2026

The figure represented 98% of all LNG exported from the Arctic project over the period.

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