Kremlin: no specific decisions about Sakhalin-1 project yet

1 minute read

Kremlin spokesman Dmitry Peskov attends a joint news conference of Russian President Vladimir Putin and Belarusian President Alexander Lukashenko in Moscow, Russia February 18, 2022. Sputnik/Sergey Guneev/Kremlin via REUTERS

Register now for FREE unlimited access to

July 7 (Reuters) - Kremlin spokesman Dmitry Peskov said on Thursday that Russia has not made any specific decision about the future of the Sakhalin-1 international oil and gas project, after a top lawmaker said it would be transferred to Moscow's control.

Four companies - Rosneft (ROSN.MM), ExxonMoobil (XOM.N), Japan's SODECO and India's ONGC Videsh (ONVI.NS) - are partners in the Sakhalin-1 group of fields. ExxonMobil decided to pull out of the project in March after Moscow launched what it calls its "special military operation" in Ukraine. read more

Earlier on Thursday, Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said Sakhalin-1 would be put under Moscow's jurisdiction, just like neighbouring Sakhalin-2. read more

Register now for FREE unlimited access to
Reporting by Reuters

Our Standards: The Thomson Reuters Trust Principles.