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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Kyrgyzstan bans export of mineral ferts to non-EEU countries for six months

8 March 2025

Kyrgyzstan has banned the export of mineral fertilisers to markets outside the Eurasian Economic Union (EEU) for six months with effect from March 3, according to a Cabinet of Ministers decree.

Vucic and Putin discuss US sanctions on NIS, new gas contact

8 March 2025

Serbia, which maintains strong historical ties with Russia, has walked a delicate line between its allegiance to Moscow and its aspirations to join the EU.

Ukraine's gas reserves hit historic low, imports surge to 1.5-year high

7 March 2025

Ukraine’s underground gas storage reserves fell to a historic low at the end of February, forcing the country to ramp up imports to their highest level in 1.5 years.

Turkmenistan president and Iraqi PM discuss gas supplies to Iraq

6 March 2025

Turkmenistan's President Serdar Berdimuhamedov and Iraq's Prime Minister Mohammed Shia al-Sudani have discussed issues related to supplying Turkmen gas to Iraq through Iranian territory during a telephone conversation.

Eni withdraws from 50:50 JV in Kazakhstan

6 March 2025

Italian energy major Eni has withdrawn from its 50:50 joint venture in Kazakhstan, Isatay Operating, which was exploring and developing the Abay offshore block in the northern Caspian Sea.

Kazakhstan’s Tengiz Future Growth Project set to enter commercial operation in 2Q25

6 March 2025

Kazakhstan’s Future Growth Project (FGP) at Tengiz oil and gas field is set to enter commercial operation in the second quarter of 2025, with investment in the project reaching approximately $533mn this year.

Kazakhstan plans 12% m/m boost in oil exports via CPC in March

6 March 2025

Kazakhstan plans to increase oil shipments via the Caspian Pipeline Consortium (CPC) export route that runs to the Russian Black Sea coast by 12% m/m in March.

Ukraine’s DTEK expected to sign LNG import deal by April

6 March 2025

Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.

Russia’s Sakhalin LNG sees production dip by 2% in 2024

6 March 2025

Russia’s Sakhalin Energy project experienced a 2% decline in LNG production in 2024.

Turkish branches of SOCAR and Siemens complete major modernisation of energy infrastructure on Petkim’s “petrochemical peninsula”

6 March 2025

SOCAR Turkiye and Siemens Turkiye have completed a major project to modernise the energy infrastructure of the Petkim complex on the Aliaga “petrochemical peninsula” near Izmir. More than 500 specialists worked on the investment.

Turkey set to this week commence piped natural gas exports to Azerbaijan's exclave of Nakhchivan, says minister

4 March 2025

Turkey is set to commence piped natural gas exports to Azerbaijan's exclave of Nakhchivan this week, according to Turkish energy minister Alparslan Bayraktar.

Baku oil refinery relocation under consideration, decision expected by 2030

3 March 2025

According to Elshan Hacizade, head of the Industry and Energy Department of the Cabinet of Ministers of Azerbaijan, a decision on whether to relocate the Baku Oil Refinery could be made this year.

SOCAR implements AI-driven energy efficiency programmes

3 March 2025

SOCAR has launched artificial intelligence-based energy efficiency programmes at its carbamide plant in Absheron as part of a pilot project.

Turkey’s Russian crude imports drop fourfold, following spike in Russian LNG imports

3 March 2025

Turkey’s imports of Russian crude oil reportedly contracted 4fold in February following the January 10 US-led tightening of sanctions on Moscow’s energy exports that hit energy companies and more than 180 "shadow fleet" tankers.

Indian imports of Russian oil fall 15% in February to two-year low

3 March 2025

India imported approximately 1.4mn barrels per day of crude oil from Russia in February 2025, marking a 14.9% decline from January’s 1.7mn bpd.

Europe sees further climb in gas prices in February, amid record storage withdrawals

3 March 2025

European gas prices rose by 5% in February, reaching an average of $542 per 1,000 cubic metres, driven by record-high storage withdrawals and reduced wind power generation.

Serbia seeks new gas contract with Russia ahead of May deadline

3 March 2025

Serbia is negotiating a new long-term gas contract with Russian energy giant Gazprom as it prepares for the expiration of its current three-year supply agreement in May 2025.

Kazakhstan in active talks on securing Russian gas supply

3 March 2025

Kazakhstan’s energy ministry said on March 2 it is in active negotiations with Russia’s Gazprom on receiving up to 10 bcm of Russian gas annually to support the gasification of the country’s northern and eastern regions.

Russia increases subsidy for gas-powered trucks

3 March 2025

The Russian government has decided to increase subsidies for truck owners transitioning from traditional fuels to natural gas.

US explores reactivating Nord Stream 2 as investors target Russian assets

3 March 2025

The United States is working on a plan to restart the Nord Stream 2 gas pipeline as part of broader efforts to reset relations with Moscow and use energy as leverage in potential Ukraine peace talks.

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