The European Union is considering a gradual ban on Russian liquefied natural gas (LNG) and new restrictions on Russian aluminum as part of its next round of sanctions, Bloomberg reported on Jan. 14, citing undisclosed officials. The EU has begun drafting its 16th round of sanctions against Russia in response to its full-scale invasion of […]
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 […]