Is it all about the gas?
CEFC’s investment in Rosneft should bring badly needed financing to Russia’s largest oil company
Private Chinese firm CEFC China Energy may be investing $9.1bn in a stake in Rosneft, Russia's largest oil company, but the lure of gas may be just as important as for oil. The energy and financial conglomerate obtained preliminary approval in late September to buy a 14.16% stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority. The deal is the largest ever direct investment by a Chinese entity in Russia. Under the terms of the agreement, Rosneft has pledged to give CEFC access to its oilfields and petrochemical projects in East Siberia, not far from the border with China. Rosneft executive Mikhail Leontyev told local business newspaper RBK daily that the company i
Also in this section
16 March 2026
The country’s rapidly expanding economy is boosting its consumption of oil as demand for the fuel slows elsewhere in the world
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
