LNG

Sanctions bite at Russia’s Arctic LNG 2 project, as foreign shareholders suspend involvement

US sanctions against scheme lead to force majeure notices being issued, say reports

Russian President Vladimir Putin, attends a ceremony for a key milestone at the Arctic LNG 2 project earlier in 2023.
Russian President Vladimir Putin, attends a ceremony for a key milestone at the Arctic LNG 2 project earlier in 2023.Photo: AP/SCANPIX
European Correspondent
Arctic LNG 2NovatekRussiaBelokamenkaTotalEnergies
Published 26 December 2023, 01:14Updated 28 December 2023, 15:45