FSUOGM - Former Soviet Union Oil & Gas
Kazakh court rejects NCOC challenge to $5bn Kashagan fine enforcement
A Kazakh court has rejected an attempt by North Caspian Operating Company to overturn enforcement measures connected with a KZT2.36 trillion environmental fine at the giant Kashagan oilfield.
TotalEnergies takes FID on next phase of Azerbaijan's Absheron gas field
France’s TotalEnergies and its partners have taken a final investment decision (FID) on the full development of Azerbaijan's Absheron gas and condensate field, which will quadruple gas production to 6 bcm per year from 2029.
Russia cuts domestic gas supply requirement at Sakhalin 2
Russia has cut the amount of gas from the Sakhalin-2 project earmarked for consumers in the country's Far East over the next three years, potentially leaving more production available for LNG exports.
Moldova approves 30% hike in household gas prices amid spike in import costs
Moldova's energy regulator has approved a 29% increase in household natural gas prices from October 1, marking the second sharp rise in a month as higher European gas prices feed through into state supplier Energocom's procurement costs.
Kazakhstan sells 300,000 tonnes of sulphur in Russia in June-July amid export restrictions
More than 300,000 tonnes of sulphur produced in Kazakhstan was diverted to the Russian domestic market in June and July after restrictions prevented producers from moving cargoes through Russia to export ports.
Chinese investor takes stake in Kazakh gas developer
Kazakhstan-focused Sozak Oil and Gas underwent a major shareholder reshuffle in the first half of this year, with Chinese technology company Yongyou Technology Services emerging as its largest shareholder.
Azerbaijan to cut state oil fund transfer to budget next year despite high energy prices
Azerbaijan will reduce the transfer from the State Oil Fund (ARDNF) to the state budget next year compared with this year, despite energy prices remaining at record and still elevated levels, economy minister Mikayil Jabbarov says.
Kazakhstan advances plan to power crypto mining with associated petroleum gas. reduce flaring
Kazakhstan is developing a project that would allow cryptocurrency miners to generate electricity from associated petroleum gas at oil fields, potentially providing miners with an alternative power source while reducing gas flaring.
Russian gas supplies to Armenia resume after 10-day pause
Natural gas supplies to Armenia resumed on September 25 via the North Caucasus-Transcaucasia main pipeline, Gazprom Armenia said, says a report.
Moldova seeks to diversify gas and oil product imports from Azerbaijan
Gas-tastrophe! Global energy chiefs drill for more while their own seeps away
The global gas industry is spending billions of dollars drilling new fields, constructing LNG terminals and securing supply routes while allowing huge quantities of the commodity it already produces to leak, vent or burn into the atmosphere.
Russia's Gazprom says Belogorsk-Khabarovsk gas link is 90% built
Gazprom (MOEX: GAZP) has built more than 90% of the 828 km Belogorsk-Khabarovsk pipeline joining its Power of Siberia and Sakhalin-Khabarovsk-Vladivostok gas networks, the company said on September 24.
Kyrgyzstan discusses oil refinery, pipeline and border storage facilities with China
Kyrgyzstan is reportedly discussing with China the possibility of building oil storage facilities along the countries' shared border.
Moldova discusses gas supplies with ARETI founder Igor Makarov
Authorities in the Republic of Moldova are discussing a possible return of gas supplies from ARETI, the company founded by businessman Igor Makarov.
Kazakhstan to triple Russian natural gas imports in 2026
Kazakhstan is reportedly preparing to nearly triple its purchases of Russian natural gas this year to about 11bn cubic metres in 2026.
Kazakhstan to auction 56 oil and gas blocks
Kazakhstan is set to auction 56 oil and gas blocks across seven regions on December 25.
Mongolia establishing PPP to build coal pyrolysis plant
Mongolia is to establish a public private partnership (PPP) that will build a coal pyrolysis plant that will draw on coal supplies from Baganuur open-pit mine, located 130 km (81 miles) from the capital city.
ORLEN, Naftogaz plan three LNG cargoes for Q1 2027
Poland’s ORLEN and Ukraine’s Naftogaz have agreed a framework for the supply of three LNG cargoes in the first quarter of 2027, expanding cooperation aimed at strengthening Ukraine’s gas security.
Turkmenistan targets 2027 for TAPI gas flows to Afghanistan
The Turkmenistan-Afghanistan-Pakistan-India pipeline ranks among the largest gas transmission projects in the region. It is designed to carry Turkmen gas across Afghanistan to Pakistan and on to India.
Petro Matad CEO says PetroChina instruction to freeze Mongolian oil deliveries “beggars belief”
AIM-quoted Mongolian oil company Petro Matad (LON: MATD) said on September 22 that in the latest development in a “long-running saga” it has received an instruction from PetroChina (SHA: 601857) to freeze delivery of Block XX production.
Two wars mean three-digit diesel prices new normal for Turkish motorists
Unable to fit hiked cost of fuel on roadside displays, gasoline station bosses turned to energy watchdog for guidance.
Allied Biofuels targets 2027 FID for $6.1bn Uzbekistan SAF project
Allied Biofuels has confirmed plans to reach a final investment decision (FID) in 1Q27 on its $6.1bn sustainable aviation fuel (SAF) and e-SAF project in Uzbekistan, following a front-end engineering design (FEED) meeting in China.
European gas prices fall on hopes of Hormuz reopening, but storage concerns persist
European gas prices fell to just above €69 per MWh on September 22, retreating sharply from recent highs as prospects of a reopening of the Strait of Hormuz eased fears over global LNG supply.
Italy takes 58% of Azerbaijan's oil exports in Jan-Aug
Azerbaijan exported 8,470,707 tonnes of crude oil to Italy in January-August, worth $5.226bn.
Russia's Novatek launches country's northernmost GHG monitoring station
Russia’s second-biggest gas producer Novatek (MOEX:NVTK) has launched the country’s northernmost greenhouse gas monitoring station as part of the country’s national network of carbon supersites.
Moscow oil refinery suffers another drone strike
Russia’s Moscow oil refinery has suspended crude processing after a large-scale drone attack damaged key production units on September 20, marking the latest disruption at a facility that has been repeatedly targeted this year.
Naftogaz signs LNG and fuel agreements with ORLEN, plans storage in Hungary
Ukraine's Naftogaz has signed agreements with Poland's ORLEN covering potential liquefied natural gas (LNG) deliveries and up to $500mn of petroleum product supplies, while agreeing with Hungary's MOL to develop storage facilities near its border.
Russia's Sibur starts up core equipment at polypropylene complex at ZapSibNeftekhim
Russian petrochemicals producer Sibur has begun commissioning the main equipment at its new DGP-2 polypropylene complex at ZapSibNeftekhim in Tobolsk, with the 570,000 tonne-per-year plant on track for startup in 2027.
Kazakhstan ramps up oil exports via Russia's Novorossiysk port in August at cost to volumes via Ust-Luga
Kazakhstan increased oil shipments through Russia towards Novorossiysk by almost 28% in August while cutting flows towards the Baltic port of Ust-Luga by 30%.
Russia doubles diesel exports to Central Asia and Mongolia despite Ukrainian drone strikes against its refineries
Russia more than doubled diesel exports to Kazakhstan, Kyrgyzstan, Tajikistan and Mongolia in August, as recovering production allowed Moscow to increase supplies to neighbouring markets despite restrictions on exports to most other destinations.
Russia backs petchem expansion in Pskov with $70mn in subsidies
Russia will provide up to RUB5.81bn in federal subsidies to support preferential financing for a more than RUB21bn petrochemical expansion at Titan-Polymer’s plant in the Pskov region.
Russia mulls changes to fuel damper to account for transport costs
Russia’s finance ministry is prepared to consider changes to the country’s imported fuel damper to account for domestic transport costs, but has rejected a proposal to compensate importers for premiums paid in overseas markets.
Russian oil major Lukoil's sale of international arm to Carlyle remains up in the air
The proposed sale of around $20bn of overseas assets belonging to Russia’s Lukoil to US investment group Carlyle remains caught up in the US approval process, almost eight months after the companies announced their agreement.
Russia becomes China's second biggest LNG supplier
Russia became China’s second-largest LNG supplier in August as shipments surged, even as China’s overall LNG imports continued to fall.
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