US sanctions pose shipping hurdles for Russian Arctic LNG 2 cargoes to Asian importers

US sanctions on two vessels designed to serve as transshipment terminals for LNG cargoes from Russia’s Arctic LNG 2 project are expected to create shipping bottlenecks for market participants, many of whom are Asian companies, according to traders and legal experts. The US Department of State on Sept. 14 imposed sanctions on Arctic Transshipment Ltd , a Novatek-owned Russian company…US sanctions on two vessels designed to serve as transshipment terminals for LNG cargoes from Russia’s Arctic LNG 2 project are expected to create shipping bottlenecks for market participants, many of whom are Asian companies, according to traders and legal experts. The US Department of State on Sept. 14 imposed sanctions on Arctic Transshipment Ltd , a Novatek-owned Russian company…  Read More