us-sanctions-will-hinder-the-development-of-lng-projects-in-russia

US sanctions will hinder the development of LNG projects in Russia - FT

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The United States is "focused" on preventing Russia from developing new LNG projects. A senior U.S. diplomat told the Financial Times, UNN reports .

The United States is "very focused on preventing Russia from developing new liquefied natural gas projects

- writes the FT, citing a senior US diplomat.

The publication also points to a statement by Jeffrey Payette, Assistant Secretary of State for Energy Resources, referring to discussions during the FT Commodities Summit regarding Russia's Arctic LNG-2 project and the private company Novatek.

Our goal is to make sure that Arctic LNG 2 is dead in the water. We are very focused on making sure that Russia cannot develop new [LNG] projects to [divert] the gas it used to send to Europe

- said Payette.

Recall

The U.S. administration is ready to reconsider the decision made by U.S. President Joe Biden to suspend new liquefied natural gas (LNG) export contractsin order to get the U.S. Congress to approve a new aid package for Ukraine. 

Moldovan gas supplier Energocom will buy liquefied natural gas from a floating terminal in Alexandroupolis in cooperation with Greek state-owned DEPA Commercial.

France will propose pan-European sanctions against Russian companies that spread disinformation.

Ihor Telezhnikov

Economy

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