Hellenic Shipping News: Russia faces mighty obstacle in western LNG sanctions

January 2, 2024

Jason Feer of LNG shipping and brokering firm Poten & Partners said the declaration Russia could not meet contractual obligations was “a wake up call” for future Russian LNG projects.

“Train 1 was by far the most advanced of the projects so the force majeure there is a sign that it will be very difficult to move ahead with any other projects for the time being,” he said. “Russia also likely needs some foreign equipment and other support to complete other projects and sanctions make that difficult as well.”

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