Russia’s energy sector is diverse and includes significant outputs of global oil, gas, coal, nuclear and other energy resources. Russian energy sector has focused on stabilizing production and redirecting exports to Asian markets while navigating tightened Western sanctions, while increasing exports of NPP technologies. Explore investment and partnership opportunities in Russia’s vast energy sector. Get the latest analysis on oil, gas, and renewable projects. Key intelligence for global energy businesses and investors.
Russia’s Lukoil, which was sanctioned by the United States last week, has responded by selling its overseas assets to the Gunvor Group, based in Switzerland. Gunvor is among the world’s largest oil traders, 85% owned by Swedish billionaire Torbjörn Törnqvist. The remaining equity is held by its employees. Lukoil is Russia’s second-largest oil producer, accounting […]
Japan will continue importing Russian liquefied natural gas (LNG) despite pressure to halt purchases, Japanese Prime Minister Sanae Takaichi told US President Donald Trump on Tuesday. Trump was visiting Tokyo as part of a broader Asia tour and urged Japan to suspend Russian energy imports. The new Japanese prime minister, however, emphasized Japan’s own energy […]
Indian Oil Corporation (IOC), a state-owned oil and gas company, has stated it will continue to buy Russian crude as long as it does not violate US sanctions, the companies Finance Director, Anuj Jain, has stated. He added that the company maintains a database of sanctioned entities and will continue to source oil from non-sanctioned […]
Russia could increase exports of energy resources, industrial equipment, and agricultural products to Malaysia and consider building small- and large-capacity nuclear power plants in the country, according to Russian Deputy Prime Minister Alexei Overchuk. He has been meeting with Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Fadillah Yusof at the […]
A new Russia-China cross-border checkpoint has opened, situated at Lesozavodsk, in Primorsky Krai. It is near to the Chinese city of Jixi in China’s Heilongjiang Province, where the Russia-China border runs down the length of the Ussuri River. Lesozavodsk is 10 kilometers from the Sino–Russian border and about 300 kilometers north of Vladivostok. The Lesozavodsk […]
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The US administration has placed full sanctions on Russia’s Rosneft and Lukoil, and threatened secondary sanctions on companies that service them. These companies handle about 50% of all Russia oil production and exports. We look at the likely impact of these moves. Freezing of all Rosneft and Lukoil assets in the United States Neither have […]
The Russian Foreign Minister, Sergey Lavrov, has been holding meetings with the new Kazakh Foreign Minister, Ermek Kosherbaev, in Moscow. A key part of the discussions related to Russian commitments to Kazakhstan concerning construction of the first nuclear power plant in Kazakhstan, with Lavrov saying, “Russia is among the leading trade partners of Kazakhstan, the […]
The Russian Deputy Prime Minister, Alexander Novak, has met with Aidarus al-Zoubaidi, the Chairman of the Presidential Council of Yemen, and the head of the Southern Transitional Council, in Moscow. The two sides discussed a broad range of issues concerning trade and economic cooperation. Novak stated that “Russia and the Republic of Yemen are connected […]
Sinopec’s Soihl Hong Kong Holdings have purchased 217,847,910 (8.5% of the total equity) shares in SIBUR from Soihl Cyprus Investment Limited, also a subsidiary of Sinopec, the Chinese state-owned Petrochem giant, moving the SIBUR equity holding away from the EU to Hong Kong. The transfer was made following a decree issued by Russian President Vladimir […]
The Russian Deputy Prime Minister Alexander Novak and Saudi Arabian Energy Minister Abdulaziz bin Salman, as co-chairs of the Russia-Saudi Arabia Intergovernmental Commission, have discussed current issues of interaction in key sectors of the economy. The Russian government’s press service said that “special attention was paid to cooperation in the energy sector. Deputy PM Novak […]
The Namibian President, Ndemupelila Netumbo Nandi-Ndaitwah, has been speaking about her country’s path to independence (from colonial Germany and then South Africa) and said that Russia and Namibia have a history “based in true partnership.” It’s a history that’s based in solidarity, and it’s a history that comes with what one did not even expect. […]
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