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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Uzbekistan's Allied Biofuels, India’s Praj Industries sign MoU to develop region’s biggest ethanol and SAF facility

17 November 2025

Uzbekistan-registered Allied Biofuels FE LLC and India’s Praj Industries Ltd have signed a memorandum of understanding (MoU) on developing Central Asia’s largest ethanol facility.

Three companies interested in acquiring Lukoil’s Romanian refinery

17 November 2025

At least three companies have expressed interest in acquiring Lukoil’s Petrotel refinery and parts of its fuel station network in Romania, Minister Bogdan Ivan said. Hungary's MOL and Greek Hellenic Petroleum may compete with US fund Carlyle.

US issues sanctions exemption on Kazakh oil shipments via CPC

17 November 2025

The US has issued a sanctions exemption that allows Kazakhstan’s key oil infrastructure and major upstream projects to continue operating despite Washington’s latest restrictions on Russian energy companies.

Moldova temporarily assumes control of Lukoil assets to maintain kerosene supply at Chisinau Airport

17 November 2025

The Government of Moldova has taken temporary control of Lukoil’s assets, including the kerosene supply unit at Chisinau Airport (AIC), under a transitory arrangement. State-owned AIC will later take over ownership of the Russian group's assets.

Mongolia-focused Jade Gas moves to work with China’s Zhengzhou Langrun Intelligent Equipment Co on Red Lake field

16 November 2025

ASX-listed & Mongolia-focused Jade Gas Holdings (JGH) has entered into a non-binding letter of intent (LOI) with Zhengzhou Langrun Intelligent Equipment Co, a Chinese gas equipment manufacturer and operator primarily focused on coal bed methane.

Turkey’s LPG imports rise 16% y/y in Sept

16 November 2025

Turkey’s liquefied petroleum gas (LPG) imports moved up by 16.4% y/y to 286,885 tonnes in September, according to the LPG Market Sector Report published by the Energy Market Regulatory Authority (EPDK).

Russian coal exports rebound 10% in October

16 November 2025

Russian coal exports rebound in October on strong demand in Asia, prices recover

EXPLAINER: Lukoil scrambles to sell its international operations

16 November 2025

Time is running short for Russia’s second-biggest oil producer to divest its vast international business, after it was hit with US sanctions that will soon render its assets outside Russia effectively inoperable.

EU LNG imports set for record high in November as US supply surges

14 November 2025

Liquefied natural gas (LNG) imports into the European Union are on track to hit an all-time monthly high in November, driven by a sharp rise in shipments from the United States.

COMMENT: Ukraine slowly wearing down Russia's oil industry

14 November 2025

Russia’s oil industry, long seen as the bedrock of the country’s economic strength, is being slowly degraded—not by sanctions or falling demand, but by the persistent and methodical pressure of Ukraine’s drone attacks.

Naftogaz to receive €127mn EIB grant to boost gas imports as attacks strain Ukraine’s energy system

14 November 2025

Ukraine’s state-owned Naftogaz Group will receive a €127mn grant from the European Investment Bank (EIB) to finance additional gas imports.

Lukoil seeks US sanction extension, as Carlyle and Rosneft said to eye assets

13 November 2025

Russia’s Lukoil is seeking an extension to the US sanctions deadline as the asset sale stalls, according to a report citing unnamed sources.

Chinese consortium wins $424mn pipeline contract in Kazakhstan

13 November 2025

A consortium led by a subsidiary of China Petroleum Engineering Corporation (CPEC), the construction division of China National Petroleum Corporation (CNPC), has secured an engineering, procurement and construction (EPC) contract.

Azerbaijan boosts gas output from ACG, Shah Deniz and Absheron as exports to Turkey rise

13 November 2025

Azerbaijan increased natural gas production to 38.2 bcm in January–September 2025 and raised pipeline exports to Turkey to about 7.84 bcm in January–August, according to new data from the Energy Ministry of Azerbaijan.

Bulgarian president vetoes law on seizure of Lukoil assets

12 November 2025

The veto comes just ten days before new US sanctions on Lukoil take effect, which could block the operation of its Bulgarian assets.

Russia signals readiness to give up control of Serbia’s NIS amid US sanctions

12 November 2025

Russia is prepared to relinquish control of Serbia’s oil company, NIS, to a third party to resolve US sanctions that threaten the firm’s operations and Serbia’s energy security.

How sanctions are hurting Lukoil in Europe

12 November 2025

Sweeping Western sanctions imposed in October 2025 on Lukoil, Russia’s second-largest oil producer, have triggered a cascade of legal, operational and financial crises across multiple regions.

UK to cut off services for Russian LNG exports

12 November 2025

The UK’s Foreign Office said the ban will be phased in during 2026 “in lockstep with our European partners,” ahead of a meeting of G7 foreign ministers in Canada.

Romania preparing law to place Lukoil refinery under state control

12 November 2025

Romania’s Ministry of Energy is drafting legislation that would allow the state to take control of Lukoil’s Petrotel refinery in Ploiești to ensure compliance with international sanctions and protect national energy security.

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