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LNG: India Not Planning to Buy Arctic 2 LNG Cargoes

LNG
Energy BulletsBulletPower BulletsCommodities

India will not buy LNG produced from Russia’s LNG 2 project which is sanctioned by western nations according to India’s Oil Secretary Pankaj Jain 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 said.
  • The project has already seen months of delays after U.S. sanctions disrupted  the company’s plans for production start-up and export timelines.
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India will not buy LNG produced from Russia’s LNG 2 project which is sanctioned by western nations according to India’s Oil Secretary Pankaj Jain 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 said.
  • The project has already seen months of delays after U.S. sanctions disrupted  the company’s plans for production start-up and export timelines.