Russia faces obstacles in expanding exports of liquefied natural gas due to sanctions and lack of buyers.
Gabriel Dumitrache
International
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Russia has encountered a new setback in increasing exports of liquefied natural gas (LNG) after US sanctions hit expansion efforts. The Arctic LNG 2 facility, key to Moscow's plans to triple exports by 2030, has had work halted for lack of buyers. Although Russia has an extensive fleet of ships capable of circumventing sanctions, uncertainties over buyers in India and China persist. Global markets are on alert and European officials continue to stress the importance of maintaining pressure on Russia's energy revenues.
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