Russia’s second-largest gas producer, publicly traded, major Arctic LNG player.
Ukraine’s long-range strikes have hit oil refineries and energy facilities across Russia, fueling a fuel shortage in several regions. Attacks have disrupted refining capacity from Omsk to Yaroslavl, triggering rationing and price pressures while Moscow promises restoration efforts.
The UN confirms July was the deadliest month for Ukrainian civilians since the invasion began, with 437 killed and 2,610 injured. Long-range weapons remain the main cause, and Kyiv calls for more air defences as Ukraine expands long-range strikes against Russian targets.
Arctic LNG 2 remains central as TotalEnergies transfers its stake to a Novatek subsidiary, retaining loan reimbursement rights amid sanctions. Reports show a volatile Black Sea and Arctic shipping landscape with international Russo-European energy links under scrutiny.