Sakhalin in Russia invites India and China for energy resources
OIL & GAS

Sakhalin in Russia invites India and China for energy resources

The local governor of Russia's Pacific island of Sakhalin expressed an invitation to companies from India and China to explore the region's energy resources, considering the departure of major European and American oil and gas companies. It was noted that Russia has been strengthening its political and economic ties with Asia since the beginning of a military operation in Ukraine, as termed by the Kremlin, which resulted in Western sanctions on Moscow.

According to the governor, Valery Limarenko, as stated on the government's website, companies from China and India were welcomed to participate in energy projects. He emphasised that this presented a favourable opportunity for them to fill the gap left by American and European companies in the oil and gas services market.

Last year, Shell and ExxonMobil decided to withdraw from energy projects in Russia, resulting in substantial financial losses. The island of Sakhalin houses the Sakhalin-2 liquefied natural gas (LNG) plant led by Gazprom, as well as the Sakhalin-1 oil project, in which Rosneft, Russia's largest oil producer, holds a 20% stake. Additionally, India's ONGC Videsh already possesses an equal stake in the project.

Governor Limarenko also mentioned that the Yuzhno-Kirinskoye gas field, which had been subjected to sanctions by Washington in 2015 due to Moscow's involvement in Ukraine at that time, is scheduled to commence production as planned in 2025.

Also read:
India Requires 56 Billion to Meet 2030 Green Hydrogen Demand
Indian Energy Exchange May trade volume rises 8% to 8,251 MU


The local governor of Russia's Pacific island of Sakhalin expressed an invitation to companies from India and China to explore the region's energy resources, considering the departure of major European and American oil and gas companies. It was noted that Russia has been strengthening its political and economic ties with Asia since the beginning of a military operation in Ukraine, as termed by the Kremlin, which resulted in Western sanctions on Moscow. According to the governor, Valery Limarenko, as stated on the government's website, companies from China and India were welcomed to participate in energy projects. He emphasised that this presented a favourable opportunity for them to fill the gap left by American and European companies in the oil and gas services market. Last year, Shell and ExxonMobil decided to withdraw from energy projects in Russia, resulting in substantial financial losses. The island of Sakhalin houses the Sakhalin-2 liquefied natural gas (LNG) plant led by Gazprom, as well as the Sakhalin-1 oil project, in which Rosneft, Russia's largest oil producer, holds a 20% stake. Additionally, India's ONGC Videsh already possesses an equal stake in the project. Governor Limarenko also mentioned that the Yuzhno-Kirinskoye gas field, which had been subjected to sanctions by Washington in 2015 due to Moscow's involvement in Ukraine at that time, is scheduled to commence production as planned in 2025. Also read: India Requires 56 Billion to Meet 2030 Green Hydrogen Demand Indian Energy Exchange May trade volume rises 8% to 8,251 MU

Next Story
Infrastructure Energy

Apollo Green Energy targets Rs 100 billion in renewables

Apollo Green Energy Limited (AGEL), a subsidiary of Apollo International Group, is set to grow its renewable energy portfolio to Rs 100 billion by 2025, with plans for an initial public offering (IPO) to fuel this expansion. AGEL currently holds an order book of Rs 35 billion and manages Rs 25 billion in solar projects across several states. Operating in eight states, AGEL’s portfolio includes 400 MW of solar power installations and a Rs 7 billion Flue Gas Desulfurization (FGD) project aimed at reducing emissions in power generation. These projects support India’s ambitious target of reac..

Next Story
Infrastructure Transport

Kolkata Metro’s Orange Line Phase II deadline moved to March 2025

The completion date for the Orange Line's Phase II extension, stretching from Ruby to Sector V, has been shifted to March 2025. Rail Vikas Nigam Ltd. (RVNL), the agency overseeing the project, initially aimed for a December 2024 deadline but cited a delay in bridging an 800-meter viaduct gap at Chingrighata as the reason for the revised schedule. Work to bridge an additional 125-meter gap at Metropolitan is ongoing. Despite land challenges at locations such as Tagore Park, Chingrighata, and Nicco Park, the corridor received safety approval from the Commission of Railway Safety (CRS) for opera..

Next Story
Infrastructure Energy

Solar efficiency, cost cuts vital for energy transition: Pralhad Joshi

Union Minister for New and Renewable Energy, Pralhad Joshi, emphasised the global focus on advancing solar technology to achieve significant cost reductions and efficiency gains during a conference on clean energy transition. As President of the International Solar Alliance (ISA), he remarked, “The world is united in the energy transition, harnessing global efforts.” Joshi highlighted the need for more efficient solar technology, stating, “Traditional solar panels typically convert only 15-20% of sunlight to electricity, but innovations like bifacial panels and solar paint are increasin..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000