The well-known castle Swallow's Nest near Yalta
Petrel views Crimean gas-export opportunity
Gazprom has received a plan to develop energy projects in the disputed region of Crimea
London-listed exploration company Petrel Resources, has submitted a proposal to Russian state gas monopoly Gazprom to develop a liquefied natural gas export facility on the Crimean Peninsula. The plan, presented by Petrel's managing director David Horgan, was submitted to Gazprom executives at a meeting in the Crimean city of Yalta in April. He suggested establishing an LNG export terminal fed primarily by a gas pipeline from existing discoveries in western Siberia and central Asia. To these would then be added supply from potential gas discoveries in the Sea of Azov, off the Crimea, where the majors had high hopes of finding hydrocarbons before Russia occupied the region. "Crimea has been p
Also in this section
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
