Two Indian firms sanctioned by US for 'aiding' Russia's Arctic LNG project

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Two Indian firms sanctioned by US for 'aiding' Russia's Arctic LNG project - Business Standard

Quick Summary:

In April 2024, a Reuters report indicated that Arctic LNG 2 had suspended gas liquefaction activities due to the lack of necessary tankers and the impact of sanctions.

France's TotalEnergies, China's CNPC and CNOOC, and Japan Arctic LNG (a consortium of Mitsui and JOGMEC) were the international partners involved in the project.

The Arctic LNG 2 project is a major liquefied natural gas (LNG) initiative in Russia, led by Novatek, one of the country's largest natural gas producers.