US sanctions on a major new Russian liquefied natural gas export plant threatens to pit Japan’s energy-security drive against its relationship with western allies.
Arctic LNG 2
"It was done in co-operation with the customer because we couldn't just walk out and slam the door: We'd have lost a lot of money," a company executive told the newspaper, speaking anonymously.
TotalEnergies has increased its Russia impairment by another $3.056 billion over challenges in its LNG plans.
Technip Energies may have to considerably slow construction for Novatek PJSC’s Arctic LNG 2 project because of the latest European Union sanctions against Russia for invading Ukraine.
TotalEnergies (LON:TTE) has denied charges of complicity in war crimes and signalled its determination for a “gradual suspension” of its work in Russia.
Wison Offshore & Marine has produced the first train module for the Arctic LNG 2 project, weighing nearly 50,000 tonnnes.
Russian gas independent Novatek is set to export more than 3 million tonnes per year (t/y) of LNG to China from the Arctic LNG 2 project as part of its latest deal with Shenergy Group.
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
TechnipFMC has won a major contract with Russia’s Novatek worth £6.1billion.
French oil major Total will buy 10% of the Arctic LNG 2 project in Russian from Novatek.
Total has struck a deal to buy a 10% stake in the Arctic LNG 2 project in northern Siberia.