India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

Friday, September 27, 2024

India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.

"We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity. Something which has broad-based sanctions, we are not touching it," Jain told reporters.

The Arctic LNG 2 project by Russia's Novatek is subject to Western sanctions over Russia's war with Ukraine. The United States has also imposed sanctions on hundreds of entities and individuals for supporting Russia's war effort including companies supporting the development of Arctic LNG 2 project and its shipment of LNG.

Novatek has said media allegations the company was involved in establishing and managing a "shadow fleet" for the Arctic LNG 2 project were untrue.


(Reuters - Reporting by Nidhi Verma in New Delhi, writing by Emily Chow; Editing by Sonia Cheema and Stephen Coates)

Categories: LNG Industry News Activity Asia Oil and Gas

Related Stories

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Petronas Signs Offshore Oil Recovery Collaboration Deal

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Aramco Picks McDermott for Energy Projects in Saudi Arabia

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Mitsui Eyes New LNG Investments to Power Data Center Growth

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Current News

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com