Russia halts Arctic gas production due to sanctions
news.online.ua
Sat, 14 Dec 2024 20:12:05 +0200
What is known about Russias suspension of gas production in the Arctic due to sanctionsIt is noted that the Arctic LNG 2 project was to become the most promising for the Russian gas industry.The shipyard in the village of Bilokamyanka, where about 15,000 people worked until recently, is currently in a neglected state.Most contractors left the site, and work almost completely stopped.
A year ago, Kremlin dictator Vladimir Putin and Novatek CEO Leonid Mikhelson boasted about the prospects of a cuttingedge facility for global industry.However, EU and US sanctions blocked the aggressor countrys access to the necessary technologies and equipment.The Arctic LNG 2 plant was supposed to process gas from Western Siberian fields and export it to Asia.
Russia managed to build two of the three planned platforms, but they never came into operation.
The third platform, according to experts, is unlikely to be completed at all.How Western sanctions destroyed Russias most promising gas projectSanctions have caused another critical problem for Novatek a shortage of icebreakers and gas tankers needed to transport liquefied gas.Shipbuilding companies refuse to cooperate with Russia, fearing sanctions pressure.Another serious blow was Indias decision to announce that it would not buy gas from Arctic LNG 2.
However, the country still receives some Russian supplies, such as oil from Rosneft 2.According to analysts, sanctions against Russian LNG projects have become one of the most effective measures aimed at Russias energy sector.
Their impact has already led to the halting of major projects that the Kremlin viewed as strategically important for the countrys economy.
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