US sanctions first Chinese offshore shipyard for Russian ties, threatens FPSO module bids

US Treasury’s website indicates that Penglai Jutal’s association with Arctic LNG 2 subjects it to secondary sanctions risks

Modules being shipped to Russia’s Gydan Peninsula in West Siberia for the Arctic LNG 2 project.
Modules being shipped to Russia’s Gydan Peninsula in West Siberia for the Arctic LNG 2 project.Photo: NOVATEK
Published 17 June 2024, 08:25Updated 17 June 2024, 09:44