A winter view from the hill to the LNG plant Sakhalin island, Russia's Far East
Rosneft courts trouble with Sakhalin partners
Chief executive Igor Sechin has sharpened his knife for another corporate spat
Rosneft is putting the squeeze on its consortium partners in the Sakhalin-1 project in the Russian Far East, in a lawsuit that's likely unsettling other foreign majors considering investment in the country. The Kremlin's national oil champion is suing all the Sakhalin-1 co-owners, including ExxonMobil and its own Rosneft units, for 89 bn roubles ($1.3bn) over alleged "unjust enrichment" over the past three years, according to filings made with the Sakhalin Oblast Arbitration Court seen by Petroleum Economist. One of Russia's biggest foreign investment projects, 80% of Sakhalin-1 is owned by US, Japanese, and Indian companies. It is located on and offshore at Sakhalin island, which lies some
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
