🇨🇲 Cameroon Business9 November 2026

Washington and Moscow discuss Lukoil's 30% stake in Cameroonian gas

By the AFREEQUE newsroom, based on Actu Cameroun

The United States and Russia are including Lukoil's 30% stake in the Etinde offshore gas field off Cameroon in negotiations on the war in Ukraine. The Russian company is considering selling its international assets under pressure from US sanctions imposed in October 2025, according to a New York Times investigation.

Russian President Vladimir Putin discussed the fate of Lukoil's international assets with US envoys, including the 30% stake held by the Russian group in the Etinde offshore gas project off Cameroon. These discussions are part of negotiations between Washington and Moscow on an end to the war in Ukraine, according to a New York Times investigation.

Lukoil is subject to US sanctions imposed in October 2025, which have severely disrupted its international projects. The Etinde project, presented as one of Cameroon's main gas prospects, is also experiencing operational slowdowns linked to the sanctions, while the Cameroonian authorities have not officially reacted to discussions on the sale of the Russian stake, according to Actu Cameroun.

The energy issue is now being discussed alongside US-Russian diplomatic talks on Ukraine, according to the New York Times.

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