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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement