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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BP to launch subsea intervention operations in the Caspian Sea

28 October 2025

BP is preparing to commence subsea well intervention operations at multiple wells in the Deepwater Gunashli area of the Caspian Sea.

Azerbaijan’s condensate output drops 6% while LPG and associated gas production rise

28 October 2025

In January–September 2025, Azerbaijan produced 3,714,060 tonnes of gas condensate, a 6% decrease y/y, according to the State Statistics Committee.

Berlin seeks US waiver to shield Rosneft’s German refineries

27 October 2025

Germany is seeking a United States sanctions waiver for the German subsidiaries of Russian oil company Rosneft in order to keep three refineries

Pan-Baltic investigative report finds Baltic firms ‘quietly powering’ Russia’s shadow fleet

27 October 2025

Russia’s “shadow fleet” keeps the oil flowing despite sanctions – and some of the fuel helping it along may come from the Baltics, an investigation by LRT, 15min, Eesti Ekspress and Neka personiga has found.

EU agrees on gradual Russian gas phase-out

27 October 2025

The EU has approved a plan to gradually phase out imports of Russian gas starting in 2026, covering both pipeline and LNG supplies.

Eni halts Russian gas flows via Turkey's Blue Stream pipeline

27 October 2025

“In simple terms,” he added. “Eni intends to completely withdraw from operations linked to the Blue Stream gas pipeline.”

Mongolia says petrol supply remains stable despite “current situation” in Russia

27 October 2025

Mongolia’s petrol supply remains stable despite “the current situation” in Russia, the country’s Minister of Industry and Mineral Resources Damdinnyam Gongor told a press briefing, as reported by official state news agency Montsame.

US expands oil sanctions on Russia

26 October 2025

US President Donald Trump imposed his first sanctions on Russia’s two largest oil companies on October 22, the state-owned Rosneft and the privately-owned Lukoil in the latest flip flop by the US president.

Bulgaria tightens control over Lukoil sale after fresh US sanctions on Russia

26 October 2025

Bulgaria’s parliament passed new legislation tightening state control over the sale of Russian oil major Lukoil’s assets in the country, after Washington imposed fresh sanctions on Russia’s top energy firms.

EU enacts sanctions package on Russia moving forward ban on LNG imports

25 October 2025

Ban on imports of Russian LNG has been moved forward one year to January 2028.

Ukraine suspends gas storage as Russian strikes and Polish pipeline work disrupt supplies

24 October 2025

Ukraine has temporarily halted the injection of gas into its underground storage facilities after Russian strikes on energy infrastructure and the suspension of gas imports from Poland.

Turkmenistan’s TAPI gas pipeline takes off

24 October 2025

Turkmenistan's 1,800km TAPI gas pipeline breaks ground after 30 years with first 14km completed into Afghanistan, aiming to deliver 33bcm annually to Pakistan and India by 2027 despite geopolitical hurdles.

Russia's Transneft says Kazakh oil exports to Germany could rise to 2.5mn tonnes a year

24 October 2025

Russia’s state-owned pipeline operator Transneft has said it considers it feasible to raise annual oil supplies from Kazakhstan to Germany via Russian territory to 2.5mn tonnes, Interfax reported on October 23.

Kazakhstan’s QazaqGaz completes Taldykorgan–Usharal gas pipeline 16 months ahead of schedule

24 October 2025

Kazakhstan’s state-owned gas company QazaqGaz has completed the 303-kilometre (188-mile) Taldykorgan–Usharal main gas pipeline more than a year ahead of schedule, Pipeline Journal reported on October 23, citing a government announcement.

Azerbaijan's Oil Fund's assets exceed $70 bn as of end-September 2025

24 October 2025

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported total assets of $70.162 bn as of September 30, 2025, in a press release, marking a 16.9% increase since the beginning of the year.

China’s state-owned oil giants halt Russian crude purchases in response to US sanctions

23 October 2025

China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil

Russia intensifies strikes on Ukraine’s energy system, crippling gas output

23 October 2025

Russia launched a major overnight missile and drone assault against Ukraine’s energy infrastructure, severely damaging power and gas facilities as winter draws near.

Chevron-led Tengiz consortium in Kazakhstan to resume oil exports via BTC pipeline in November

23 October 2025

A Chevron-led consortium developing Kazakhstan’s largest oilfield Tengiz plans to resume exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline next month, following a 3-month suspension, Reuters reported on October 23, citing three sources.

Kazakh gas flows to Russia’s Orenburg processing plant resume after drone strike disruption

23 October 2025

Gas deliveries from Kazakhstan’s Karachaganak field to Russia’s Orenburg Gas Processing Plant have resumed following a temporary suspension caused by a Ukrainian drone strike, RFE/RL’s Kazakh Service reported on October 23.

Kazakhstan to extend fuel price freeze amid rising Russian costs, minister says

23 October 2025

Kazakhstan will maintain its freeze on domestic fuel prices until at least next spring as it seeks to contain inflation driven by soaring energy costs in neighbouring Russia, Reuters reported on October 23, citing Economy Minister Serik Jumangarin.

US imposes sanctions on Rosneft and Lukoil, calls for immediate ceasefire

23 October 2025

The United States has imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in an effort to curtail war financing and press Moscow towards an “immediate ceasefire.”

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