While its effects on LNG carriers are part of the problem, sanctions affect many elements of the Arctic LNG-2 project as well as the potential for Russia to further develop its other planned Arctic LNG production facilities. [Gas in Transition, Volume 3, Issue 11]
The United States intends to kill Russia’s Arctic LNG 2 project through sanctions coordinated with the Group of Seven (G7) partners and others, US Assistant Secretary of State for Energy Resources Geoffrey Pyatt said on Wednesday.
The volume of the global LNG market will reach 750 billion cubic meters to 800 billion cubic meters by 2030, Russian energy company Novatek CEO Leonid Mikhelson said on Friday.