HomeMediaLatest NewsWhy did the US impose sanctions against Arctic LNG - 2?

Why did the US impose sanctions against Arctic LNG - 2?

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 on the reasons for the US sanctions against the Arctic LNG 2 project to Business FM:

"The US sanctions are addressed primarily to the shareholders of the project, which include Total Energies, Japanese companies and a state-owned company from China. The withdraw from the Arctic LNG 's capital is unlikely to happen, but it may have some consequences. The United States is trying to squeeze its main potential competitor out of the market by non-market restriction of competitors and by putting pressure on future buyers. This is really a precedent in many ways, because there were no such cases in the LNG market, unlike the oil market. This is the first time when the United States is trying to get rid of its direct competitors by a tough method."

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