EU Includes Russian LNG in 19th Sanctions Package; U.S. Focuses on Oil Sector Targets Rosneft and Lukoil In a one-two punch new U.S. and EU sanctions target the Russian energy sector, including oil majors Rosneft and Lukoil, and the country’s LNG sector. After years of debate the EU has agreed on banning imports of Russian LNG by January 1, 2027; a significant escalation of the bloc’s sanctions regime.
Putin Asks FSB for Help to Avoid Western Sanctions as Rosneft Begins Construction on Vostok Oil Pier Rosneft has begun construction on the dock for the Vostok Oil terminal at Sever Bay. Meanwhile President Putin has called on the security service FSB to assist Russian companies in avoiding sanctions.
Russian Shipyard Zvezda Launches New Arctic Ships for Oil and LNG Transport Construction work at the Zvezda shipyard reached the next milestone with the successful launch of an oil tanker for Rosneft and an LNG carrier for Novatek. Both ships will be used to transport hydrocarbon resources from Russia’s Arctic energy projects.
Russia to Export 100m tons of LNG by 2030 Russia announced plans to liberalize Arctic liquified natural gas exports in an effort to boost production to 100m tons by 2030. Two older nuclear icebreakers may have their lifetime extended to help keep shipping lanes open to transport the gas to Asia.
Russia’s Northern Sea Route Sees More Traffic Despite War and Sanctions Arctic shipping along the NSR saw a moderate increase to 34m tons in 2022 even though international operators shied away from the route bringing a halt to transit traffic. With Vostok Oil under construction, volume is set to surge after 2024.
Russia’s Rosneft is Building a Large-Scale Arctic Oil Terminal The Russian energy company Rosneft has started construction of what will be Russia's largest oil terminal at the Bukhta Sever port in Northern Siberia.
Indisk konsortium interessert i Rosnefts oljeprosjekt Vostok Tre statseide indiske oljeselskaper er interessert i en felles investering i Rosnefts oljeprosjekt Vostok, som ligger i russisk Arktis.
Indian Consortium Interested in Rosneft’s Vostok Oil Project Three state-run Indian oil companies are interested in jointly investing in Rosneft’s Vostok oil project.
Rosneft Sells 5 Percent Stake in Arctic Oil Project Rosneft has sold a 5 percent stake in an Arctic oil project to two commodity trading houses based in Switzerland and Singapore.
Equinor and Rosneft Agree to Cooperate on Carbon Management This week Equinor and Rosneft signed an agreement on collaboration in carbon management.
Rosneft is Drilling for Oil and Gas in East Arctic Waters The Russian drillshipBavenitis heading to the Laptev Sea to drill wells in order to explore the potential for oil and gas extraction in the area.
Rosneft Launches Large-Scale Animal Research in Arctic Rosneft Oil Company has launched the implementation of a programme to assess the sustainability of the Arctic ecosystems based on research on key Arctic animal species in the Russian Federation.
