The U.S. State Department is intensifying efforts to derail Russia’s Arctic LNG 2 exports by targeting companies involved in the development of the project and vessels found to have loaded LNG from the facility. Located in the Gydan Peninsula in the Arctic, the Arctic LNG 2 project was considered key to Russia’s efforts to boost its global LNG market share from 8% to 20% by 2030-2035. But Arctic LNG 2 has been basically on ice since the U.S. imposed in November 2023 fresh sanctions on the Russian project. As a result, foreign shareholders…
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