Russia and China strengthen energy ties
Two agreements signed in Beijing 3 September serve to strengthen energy ties
One will give Silk Road Fund a 9.9% stake in the Novatek-operated 16.5m metric tonnes a year (t/y) Yamal LNG project. The other sets out plans to set up a working group to establish the key technical and commercial parameters of the Power of Siberia gas pipeline project, including the terms of delivery as well as a gas delivery point. Novatek’s statement put no value on the Novatek stake, which would leave the seller with 50.1%, the other partners being French Total – which also owns a minority stake in Novatek – and China National Petroleum Corp (CNPC), both of which have 20%. A range of sanctions imposed on Russian entities and individuals by western governments following Moscow’s involvem
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
