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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Need more convincing?

EDF calls for more climate finance to tackle oil and gas methane

13 August 2026

The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.

UN's MARS flags up Turkmenistan as major oil and gas methane emitter

13 August 2026

The largest oil and gas source in the latest ranking is a gas disposal facility in Turkmenistan, with estimated annual methane emissions of 76,562 tonnes.

IEA deepens 2026 oil demand cut to 1.6mn b/d as Hormuz war drains stocks

13 August 2026

Global oil demand will shrink this year at the fastest pace since the pandemic, as war around the Strait of Hormuz lifts fuel prices and drains the world's stockpiles.

Naftogaz receivables rise as Gazprom debt remains unpaid

13 August 2026

Ukrainian state energy company Naftogaz reported receivables exceeding $1.5bn, with nearly 77% of the total linked to unpaid gas transit debt owed by Russia's Gazprom, showing the financial pressures facing the company despite a debt restructuring.

Azerbaijan's July oil output flat as country continues to undershoot OPEC+ quota

13 August 2026

Azerbaijan's daily oil output held broadly flat in July, at between 440,000 and 453,000 barrels depending on the source, according to differing estimates from the International Energy Agency (IEA) and Opec.

Kazakhstan prevents 511 illegal fuel and goods exports in early August

13 August 2026

Kazakhstan's Border Service prevented 511 attempts to illegally export fuel and other goods during the first 10 days of August, with the value of the intercepted products exceeding KZT 1bn ($2.15mn).

IBL Elements to test oilfield water treatment and mineral recovery in Kazakhstan

13 August 2026

US-based IBL Elements will test technology in Kazakhstan to treat water produced during oil and gas extraction.

Uzbekistan raises liquefied gas output target to 606,000 tonnes

12 August 2026

State gas producer Uzbekneftegaz will commission 27 new wells in August and raise its year-end liquefied petroleum gas (LPG) production target by 86,000 tonnes to 606,000 tonnes, as authorities work to maintain domestic energy supplies.

Turkmenistan halves diesel export limit as fuel shortages persist

12 August 2026

Turkmenistan has cut the volume of diesel that vehicles may carry when leaving the country from 300 to 150 litres, effective August 10, while raising the surcharge on fuel above the limit from 20 manat (about $1) to 30 manat (about $1.50) per litre.

Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports

12 August 2026

Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.

Ukraine hit Russian oil assets at least 30 times in July, data shows

12 August 2026

Ukrainian drones struck Russian oil-processing plants, sea infrastructure, tankers and pipelines at least 30 times in July 2026 alone, the highest monthly total since the campaign began in 2023.

Russia's crude exports tumble to lowest since May as drone strikes squeeze refiners and ports

12 August 2026

Russia's crude shipments fell to 3.71mn barrels a day in the four weeks to August 9, the lowest since May, as drone strikes hit export terminals and Russia's largest LPG plant went offline.

EIA holds Azerbaijan oil output forecasts steady through 2027

12 August 2026

The US Energy Information Administration (EIA) has left its forecasts for Azerbaijan's oil production unchanged in its August "Short-Term Energy Outlook", keeping projections in line with July's report.

Canada's Condor expands Uzbekistan output after launching two newly drilled wells

11 August 2026

Canadian energy company Condor Energies (TSX: CDR) said on August 10 that in Uzbekistan it reached an output averaging 17,925 barrels of oil equivalent a day in the past 24 hours after two newly drilled horizontal wells were connected.

Mongolia rations gasoline as fuel shortages send drivers into long lines

11 August 2026

Import disruptions from war-hit Russia leave ministers scrambling to arrange supplies from China, Korea and Kazakhstan.

Ukraine hits Russia with hundreds of drones, Moscow warns even bigger missile salvos on the way

11 August 2026

Ukraine launched a barrage of more than 450 drones against Russia overnight on August 10, targeting 16 regions and occupied Crimea in one of its deepest and broadest strikes of the war, as Moscow's own military says it plans to sharply scale up.

Russia strikes back

10 August 2026

Kazakhstan redirects crude flows amid repeated CPC drone strikes

10 August 2026

Kazakhstan redirected part of its crude oil exports to alternative routes in July after a series of disruptions to the Caspian Pipeline Consortium.

IntelliNews Lambda: Europe's gas storage hurts German, Netherlands the most, the rest of EU not so much

10 August 2026

Underground gas storage facilities across the European Union are 57.9% full - the lowest level ever recorded for early August since comparable data began around 2009-11 - leaving Europe with a badly depleted buffer heading into winter, RBC...

Exxon reportedly links $80bn Kashagan expansion to settlement of Kazakhstan dispute

10 August 2026

ExxonMobil is said to have told Kazakhstan that a potential $80bn investment to expand production at Kashagan oil field depends on resolving a long-running $150bn dispute between the government and international consortium members.

Greece’s DEPA delivers LNG cargo to Bulgartransgaz

9 August 2026

Greek energy company DEPA Commercial has completed the shipment of an LNG cargo to Bulgaria’s state-run energy firm Bulgartransgaz.

Moscow court resumes case lodged by Turkey's Tekfen against Rosneft-BP joint venture

9 August 2026

The Moscow Arbitration Court restarted the case in late July after receiving a court-ordered expert report.

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