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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
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The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
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.
Russia’s implausible gas strategy
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
Hydrocarbon Processing Refining Databook 2025: Europe, Russia & CIS
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
Europe faces test of gas resolve
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
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Russia Rosneft
Daniel Crawford
Moscow
13 August 2020
Follow @PetroleumEcon
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Rosneft strikes again in the Arctic

The Russian oil firm has added more reserves to its ambitious Vostok Oil project

Rosneft chalked up another oil discovery in the Russian Arctic in late July, adding volumes to a megaproject it hopes could produce up to 2.3mn bl/d of oil within a decade. It found over 20mn t (147mn bl) of crude after drilling at the border between Russia’s Yamalo-Nenets and Krasnoyarsk regions. The field, named Novoogennoye, also holds some 1bn m³ of gas. The state-controlled producer is searching the northernmost reaches of Russia’s prolific Western Siberian basin to further build the resource base underpinning the Vostok Oil project. It already comprises fields with some 5bn t (37bn bl) of crude, according to Rosneft, although it is unclear how much of this volume is recoverable. Big pl

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Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
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The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector

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