Russia’s Novatek Ramps Up LNG Exports Despite Sanctions ...Middle East

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Russia’s Novatek Ramps Up LNG Exports Despite Sanctions
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Russian Novatek is loading a new LNG cargo from its Arctic LNG 2, a heavily sanctioned facility that was only completed recently, while under sanctions. This is the tenth cargo of liquefied gas since June, Bloomberg reported. Arctic LNG 2 began liquefying gas in late 2023, which was the year the Biden administration imposed sanctions on the facility in a bid to pressure Russia’s key energy industry. The European Union has also sanctioned Novatek. The sanctions have cut off the Russian company’s access to Western funding and shipping…

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