Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Natural Gas

Factbox: Russia-UK energy ties face strain over poisoning scandal

Crude Oil

How are Asian crude flows responding to US-China trade war, Iran sanctions?


Platts LP Gaswire

Natural Gas | LNG | Oil | Crude Oil | Refined Products | Petrochemicals

Platts Workshop at the S&P Global Platts Energy

Natural Gas

European Commission seeks market views on antitrust proposals from Romania's Transgaz

Factbox: Russia-UK energy ties face strain over poisoning scandal


BP, Shell defend Russia positions

Russia ships first Yamal LNG cargoes to UK

History of commercial, political tension

The Russia-UK poisoning row threatens to put renewed strain on the two countries' deep-seated energy ties, illustrated by some of the first ever LNG shipments from Russia's vast new Yamal LNG facility now arriving in the UK.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The UK has yet to announce steps against Russia following this month's poisoning in the city of Salisbury, allegedly involving the use of a Russian nerve agent. But energy ties between the two countries are deep as well as fraught, and likely to weigh on the political calculus.

The UK is less dependent than much of Europe on direct Russian energy supplies. But Russia's new LNG shipments - the first was offloaded at the Isle of Grain in Kent in December before being reshipped to the US - underline Russia's role as chief energy supplier to Europe.

UK companies have long defended their own ties with Russia, which range from BP's collaboration with Rosneft, to Shell's role in the Nord Stream pipeline expansion.

Here we outline some of the main energy ties:


BP and Rosneft work alongside each other at the Taas Yuryakh oil field and on exploration with service giant Schlumberger. They cooperate overseas, at Egypt's Zohr gas project, and have signed a number of mid-stream oil and gas supply deals.

BP chief executive Bob Dudley made Russia central to BP's strategy on taking over in 2010 despite his turbulent experience as head of joint venture TNK-BP, which at one point saw him flee the country.

TNK-BP was later folded into Rosneft, but BP ended up with a 19.75% stake in Rosneft and two seats on its board. Dudley has pointed to Russia's vast resources to argue for the need to remain closely engaged, something that appears to have carried weight in the UK.

Shell has kept a lower profile since being stripped of part of its stake in Sakhalin 2 in 2006, but Sakhalin, with its strategic location near Asian markets, accounts for 10% of Shell's LNG production, or 3 million mt annually. And Shell is helping finance the Nord Stream 2 pipeline expansion, with a commitment to invest Eur950 million ($1.2 billion), albeit without holding a stake.


The UK's North Sea industry and access to international markets limits its dependence on Russia, although it does receive periodic supplies of Russian oil, gas and coal.

One of the first LNG shipments from the Yamal LNG project was offloaded into the UK gas network, in January, but so far Northwest Europe has mostly acted as a trans-shipment point for onward export of Yamal LNG cargoes.

Russia accounted for roughly 50% of UK steam coal imports in the first nine months of last year.

London hosts the headquarters of Gazprom Marketing and Trading, which handles the Russian giant's global trading of oil, LNG, power and carbon as well as currency deals.


Numerous Russian companies are listed on the London Stock Exchange, from Rosneft's global depositary receipts to small independent producers.

EU sanctions limit Russian companies' ability to raise debt in London, something the Russian industry has adapted to, for example securing Chinese financing in the case of Novatek's Yamal LNG development.

--Nick Coleman,
--Edited by Jonathan Dart,