The U.S. will continue to "tighten the screws" on the export of Russian liquefied natural gas (LNG) to deprive Moscow of energy revenues, Bloomberg reported on Oct. 22, citing Jeffrey Pyatt, the assistant secretary of state for energy resources. Washington slapped sanctions against Arctic LNG 2 in 2023 and started imposing restrictions on ships that […]
Russia's Arctic LNG 2 project cut production from its gas fields to almost zero in November after halting liquefaction last month due to Western sanctions, Bloomberg reported on Nov. 12, citing its undisclosed sources. Arctic LNG 2, owned by Russia's Novatek company, aims to produce almost 20 million metric tons of liquified natural gas (LNG) […]
Video Summary Here is a summary of the article in 200 words: The Russian-owned company Nordstream AG has launched a lawsuit against its insurers, Lloyd’s of London and Arch Insurance, for not paying out on a claim related to the damage caused by explosions to the Nordstream pipelines in September 2022. The pipelines, which ran […]
The German Economy Ministry instructed its state-operated gas import terminal to reject a delivery of Russian liquefied natural gas (LNG), the Financial Times (FT) reported on Nov. 14. The order comes as European countries increasingly look to replace Russian energy imports and impose sanctions on Russian gas, including LNG. The ministry told the Deutsche Energy […]
Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered together off Russia's eastern coast, indicating that Moscow is struggling to sell the product amid Western restrictions, Bloomberg reported on Oct. 30. Days before, commerical liquefication at Russia's Arctic LNG 2 came to a halt due to shipping difficulties imposed by Western sanctions. Three of […]
European Commission President Ursula von der Leyen suggesting replacing Russian liquefied natural gas (LNG) with U.S. exports in a phone conversation with U.S. President-elect Donald Trump on Nov. 8. Von der Leyen spoke with Trump three days after his victory in the Nov. 5 presidential election. Replacing Europe's supplies of Russian LNG was "one of […]