Russia carries on regardless
Energy majors Rosneft and Novatek are pushing ahead with LNG projects, despite the growing threat of US sanctions
Rosneft is advancing plans to develop its $15bn Far East liquefied natural gas project with ExxonMobil even after new sanctions forced the US company in late February to exit other joint ventures with its Russian partner. Novatek expects to launch the second stage of its $27bn Arctic Yamal LNG plant in September and start commissioning the third production line by the end of year. Meanwhile, energy giant Gazprom is pressing ahead with plans for LNG as a fuel, expanding its distribution networks at home and overseas. Both Rosneft and Novatek are restricted in accessing US markets for long-term financing, with little clarity on whether the current tensions between the Kremlin and the White Hou
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
