HomeMediaLatest NewsThe US has discovered a weak link of Russian LNG

The US has discovered a weak link of Russian LNG

13 November 2023

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the Prime Economic Information Agency on the US sanctions against the Arctic LNG-2 project.

According to Alexey Belogoryev, the United States hardly seriously believes that they can "bury" Arctic LNG-2. Rather, it is a signal to shareholders, who, by the way, are mostly friends of the United States.

"But foreign shareholders — Total and the Japanese consortium — are unlikely to withdraw from the project, because, firstly, the Russian authorities will not agree to it, and secondly, such a demarche threatens them with multibillion-dollar fines," the expert believes.

"A simple example is that the former Gazprom division SEFE GmbH, nationalized by Germany, continues to buy gas from Yamal LNG, because otherwise, violation of the terms of the contract will cost German taxpayers 10 billion euros," the expert said. Probably, in the case of Arctic LNG-2, the conditions are similar.


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