Blinken aide vowed to “strangle” Arctic LNG 2 project – Kommersant

Blinken aide vowed to “strangle” Arctic LNG 2 project – Kommersant

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US Assistant Secretary of State for Energy Geoffrey Pyatt said that Washington’s goal is to stop the work of the Russian Arctic LNG-2 project, implemented by NOVATEK. According to him, the United States is already imposing sanctions against companies involved in this project.

“Last week we decided to introduce new sanctions against the Arctic LNG-2 project and the structures involved in it. Our goal is to strangle him,” said Mr. Payette, speaking at the committee meeting US Senate for foreign affairs. According to him, the Ministry of Finance is monitoring business structures participating in Arctic LNG-2 in order to introduce increasingly stringent measures against them.

The assistant to the head of the State Department expressed the opinion that further “tightening the screws” will either stop the implementation of the Arctic LNG-2 project or make it unprofitable and unprofitable. Mr. Payette said that the United States is currently the leader in the supply of liquefied natural gas and intends to increase its share in the global LNG market. As part of these efforts, the fight against the NOVATEK project will be waged, he added.

Arctic LNG-2 is NOVATEK’s second major LNG export project after the Yamal LNG plant with a capacity of 16.5 million tons per year, launched in 2017. Located near the northwestern coast of the Gydansky Peninsula in the Tazovsky district of Yamal. Construction is being carried out by Arctic LNG-2 LLC, which on November 2 horrible on the American sanctions list. US Treasury today, November 8, extended the possibility of conducting transactions with the company until January 31, 2024, by issuing the corresponding general license to Arctic LNG-2 LLC.

It is planned that the capacity of each of the three lines will be about 6.6 million tons of liquefied natural gas per year, and in total – 19.8 million tons per year. NOVATEK owns 60% of the shares of this company. France’s TotalEnergies, China’s CNPC and CNOOC and a consortium of Japan’s Mitsui and JOGMEC each own 10% of the shares.

Read more about new US sanctions against Arctic LNG 2 in the Kommersant publication “Suddenly wider”.

Alexander Kislov

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