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 plans to take over Lukoil’s kerosene supply business at Chisinau Airport

12 November 2025

The Government of Moldova is preparing to take control of the aircraft fuel supply infrastructure owned by Lukoil-Moldova through the state-owned Chisinau International Airport, Minister of Energy Dorin Junghietu announced.

Kazakh PM, US-based LanzaJet meet over plan to construct eco-friendly jet fuel production plant

11 November 2025

Kazakhstan’s Prime Minister Olzhas Bektenov and Jimmy Samartzis, CEO of US-based LanzaJet (NASDAQ:LNZA), Inc, held a meeting with a focus on the localisation of advanced technologies and the implementation of a joint SAF project.

Lukoil calls force-majeure in Iraq as sanctions bite

11 November 2025

The Russian firm is set to withdraw from its largest international asset as US sanctions measures sink a potential deal with Gunvor

Ukraine secures LNG deals with Greece and Poland to guarantee winter gas supplies

10 November 2025

Ukraine will have sufficient gas supplies this winter after state-owned energy firm Naftogaz finalised a series of strategic agreements with partners in Greece and Poland to secure deliveries of liquefied natural gas (LNG) from the United States.

Bulgaria and Romania seek to delay sanctions against Lukoil

10 November 2025

Sanctions imposed by US authorities on Lukoil's global operations expected to cause costly disruptions at the Russian group's local refineries.

Mongolia plans to extend fuel storage capacity from one month to three to six months of consumer coverage

9 November 2025

Mongolia's fuel storage facilities can currently cover one month’s national fuel consumption, but the country reportedly intends to expand the storage coverage to three to six months.

Russian oil output sees growth in October, but federal revenues crash

7 November 2025

Russia’s crude oil output increased modestly in October even as state revenues from the oil and gas sector continued to decline sharply.

US slams “Kremlin puppet’s” Gunvor Lukoil asset deal

7 November 2025

The US doubled down on its latest sanctions by appearing to cancel Gunvor’s deal with Russian oil major Lukoil, labelling the trader a “Kremlin puppet.”

Sanctions on Lukoil reportedly cast doubt on $6bn Kalamkas–Khazar offshore oil project in Kazakhstan

7 November 2025

Uncertainty is growing around the $6bn Kalamkas–Khazar offshore oil development in Kazakhstan after the United States imposed sanctions on Russia’s Lukoil, the project’s operator, Upstream reported on November 6, citing industry sources.

Kazakhstan’s Karachaganak field output recovers as Russia’s Orenburg plant resumes operations

7 November 2025

Russia’s Orenburg gas processing plant is said to have begun steadily increasing its intake of gas from Kazakhstan’s Karachaganak field, signalling a gradual recovery following the impact of a Ukrainian drone strike on the facility last month.

BP reports steady ACG output, advances Shah Deniz compression and Sangachal electrification

7 November 2025

BP reported stable, safe production at the Azeri–Chirag–Deepwater Gunashli (ACG) complex in 3Q25 and progress across major gas and midstream projects, including the Shah Deniz Compression (SDC) project and the Sangachal Terminal Electrification.

ASX-listed TMK Energy reports record production at Mongolia coal seam gas project

6 November 2025

TMK Energy (ASX: TMK) on November 5 announced record gas production during October at the pilot production project at its 100%-owned Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia.

Turkey arrests directors of fuel retailer TP after SOCAR complaint

6 November 2025

Police describe around 18,500 tonnes of fuel as "missing".

Russian attacks on gas compressor stations threaten up to 40% of Ukraine’s winter production

6 November 2025

Ukraine could lose as much as 30–40% of its domestic gas production during the upcoming heating season following Russian strikes on compressor stations.

Ukraine faces $750mn gap for winter gas purchases, seeks EU support

6 November 2025

Ukraine is facing a $750mn shortfall to fund critical natural gas purchases ahead of winter, President Zelenskiy said, warning that the country needs about $2bn worth of gas to meet demand as Russian attacks continue to strain its energy system.

Kazakh parliament approves legal amendments to boost hydrocarbon and uranium sectors

6 November 2025

Kazakhstan’s Majilis (Parliament) has approved at second reading a series of amendments to the Code on Subsoil and Subsoil Use aimed at improving the management of the country’s hydrocarbon and uranium resources, Kazinform has reported.

Germany increases Kazakh crude imports in October by 25% m/m

6 November 2025

Germany has sharply increased its purchases of Kazakh crude, importing 225,000 tonnes through the Druzhba pipeline in October, marking a 25% rise from the previous month, Deutsche Welle has reported on its Russian-language Telegram channel.

Moldova works to manage impact of Lukoil sanctions on aviation fuel supply

6 November 2025

The Moldovan Government is prioritising discussions on how to mitigate the effects of international sanctions imposed on Russian oil company Lukoil, the country’s main supplier of kerosene.

Kazakhstan’s oil output reportedly down by 10% in October

6 November 2025

Kazakhstan’s crude oil production, excluding gas condensate, fell by 10% in October to 1.69mn barrels per day (bpd), Reuters reported on November 5, citing industry data and the news service’s own calculations.

Mongolia's oil production reportedly boosted by 2% since AIM-quoted Petro Matad brought second well online

6 November 2025

Mongolia's oil production has moved up by towards 2% since AIM-quoted explorer Petro Matad (LON:MATD) brought a second well online in October, Upstream reported on November 5, citing an update provided by the company.

Will Trump’s Central Asia summit in Washington help break the Chinese chokehold on rare earths?

5 November 2025

“Rare earths”. As Donald Trump on November 6 hosts Central Asia’s five presidents in Washington, DC, observers can forgive themselves if they quickly lose count of the number of times these buzzwords are uttered.

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