¡Hola, amigos! 🌟 Get ready for some juicy energy news: Russia is turning up the heat on talks with the U.S. about its flagship Sakhalin-1 project. According to Russian Deputy Foreign Minister Sergei Ryabkov, Moscow is all in for deeper discussions on offshore oil and gas cooperation.
So, what’s Sakhalin-1? Picture a giant oil and gas treasure chest under the sea near Sakhalin Island. Launched as Russia’s first big international offshore shelf project, it boasts vast potential recoverable reserves. With U.S. oil major ExxonMobil eyeing a comeback, the project is back in the spotlight.
Last month, President Vladimir Putin signed a decree paving the way for foreign investors—including ExxonMobil—to reclaim shares in Sakhalin-1. This move coincided with Putin’s face-to-face summit with Donald Trump in Alaska, where energy partnerships and even peace talks on Ukraine shared the agenda.
Ryabkov highlighted that dialogues with the U.S. span various issues, and Sakhalin-1 is just the beginning. With fresh momentum, the project could spark new investment waves and rev up global energy dynamics. Stay tuned as this energy saga unfolds! 🌍💡
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Russia is ready to deepen Sakhalin 1 project discussions with U.S.
cgtn.com
