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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Trump not curbing US momentum on methane emissions
There has been a flourishing of non-governmental initiatives aimed at incentivising voluntary action on emissions over the past five years, and momentum is not slowing down
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
India’s Russian crude buying has reached its limit
Middle East grades remain a diminished but important part of the South Asian country’s diet, especially as new refining capacity comes online
US goes after Russian gas money, part 2
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
US goes after Russian gas money, part 1
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
Russia Rosneft Natural gas
Jason Corcoran
Moscow
26 October 2017
Follow @PetroleumEcon
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Greenfields galore for Russia

Eastern Siberia will be the engine for rising Russian oil and gas output for decades

Russia's Eastern Siberia region is to be the Kremlin's key upstream play over the next two decades as several new megaprojects come on line. Total crude production would rise to the Kremlin's target of 2.37m barrels a day by 2035. The plan is part of Russia's national energy blueprint covering the next 18 years, which calls for a 70% jump in the region's crude output from the 1.4m b/d achieved in 2016. Eastern Siberia is one of the key regions in Russia's strategy for energy develop­ment. Vast hydrocarbon reserves, which the government regards as critical to the country's socio-economic development, and proximity to Asia-Pacific markets are the reason. Companies and investors seem to agree—a

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