Russia’s quest for energy ‘technological sovereignty’, part 2
The country faces big challenges as it seeks to replace Western suppliers when it comes to LNG carriers, while sanctions have all-but halted its petrochemicals expansion
Russia has been locked out of Western oil and gas technologies since its full-scale invasion of Ukraine in 2022. Since then, it has been seeking substitutes and has a programme to become more self-reliant. In the midstream, Russia produces all the components used to build pipelines, oil and gas treatment facilities, compressor units and cryogenic heat exchangers itself. The biggest challenge, as Petroleum Economist has reported in depth, is in the LNG sector. While Russia’s import substitution programme has achieved some important feats, including the development of domestic liquefaction technology, building LNG carriers “is a big headache for the country”, said Matthew Hale, senior vice-pre
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised