On October 7, Russian President Putin ordered the Russian government to set up another enterprise to take back the leading operation right of the "Sakhalin 1" project from ExxonMobil. The original foreign shareholders of the project will have one month to apply for holding the shares of this new entity. OnGC Videsh, an overseas wholly-owned subsidiary of ONGC, hopes to retain its shares in the "Sakhalin 1" oil and gas project, which means that it will acquire shares in the new operating entity. Exxon announced in April that the project was almost stopped due to force majeure, but the new Russian entity will resume the normal operation of "Sakhalin 1" and ensure oil transportation. If the "Sakhalin 1" project is of "commercial significance", Indian Oil and Gas Company will also consider increasing its stake in the project. The current operator of the "Sakhalin-1" project is Exxon Oil&Gas Co., Ltd., which holds 30% of the shares of the project, and the remaining shareholders include Rosneft (20%), Sodeco (30%) and ONGC (20%). The daily output of Sakhalin 1 before the Russian Ukrainian conflict was about 220,000 barrels.   Coincidentally, ADNOC, the Abu Dhabi national oil company, and GAIL, one of the largest natural gas companies in India, recently signed a preliminary agreement to explore cooperation in small LNG gas plant supply and gas decarbonization unit , including short-term and long-term LNG sales agreements. ADNOC said in a statement that the agreement also includes potential optimization of LNG trading activities, review of joint equity investments in renewable energy and monitoring of greenhouse gases in LNG goods to support low-carbon small scale liquefied natural gas  supply. India is a strategic partner of the United Arab Emirates. We have a strong and long-term bilateral relationship. Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Managing Director of ADNOC and Group CEO, said that through this important new agreement, ADNOC and Gail will seek opportunities to expand our business partnership, paying special attention to low-carbon energy supply, in this case LNG, and new projects, Opportunities for cooperation in decarbonization and renewable energy. In 2022, the two countries signed the Comprehensive Economic Partnership Agreement, which is expected to increase the non oil trade between the two countries from the current US $60 billion to US $100 billion in five years, opening up more investment channels. Sichuan Rongteng Automation Equipment Co., Ltd. Website: www.rtgastreat.com     Email: info@rtgastreat.com Phone/Whatsapp/Wechat : +86 177 8117 4421  +86 138 8076 0589 Address:No. 8, Section 2 of Tengfei Road, Shigao Subdistrict,Tianfu New Area, Meishan city, Sichuan, China       .