US Sanctions Against Russian LNG Start to Fray as Chinese Arctic Construction Yard Seeks Lifting of Measures Ten months into the Trump Administration Russia’s Arctic LNG 2 operation continues to pick up steam as the White House has not announced any new sanctions against the sector. Now a Chinese manufacturer who previously provided LNG modules to Russia is seeking removal from the sanctions list. On the EU side two Arctic heavy lift vessels,AudaxandPugnax, were unsanctioned last week.
Sanctions Catch up with Red Box Shipping as CEO Quits Company The tide continues to turn for heavy lift vessel operator Red Box and its co-founder and CEO Philip Adkins. Following designation by the U.S. treasury for continuing to do business with Russia last month, Mr. Adkins has called it quits.
New U.S. Sanctions Target Arctic LNG 2 Blocking Red Box Shipping Company With its latest round of sanctions the U.S. goes after Singaporean shipping operator Red Box. A notorious violator of Western sanctions the company continued delivering modules for liquefied natural gas from China to Russia throughout 2023 and into 2024. The new measures also target vessels working for Rosneft’s Vostok Oil project.
Transport of LNG Modules to Russia Continues, Calling Effectiveness of EU Sanctions Into Question Russia’s natural gas company Novatek continues to receive prefabricated modules from China for its Arctic LNG 2 project. While EU sanctions seemingly prohibit their transport a Dutch shipping company continues to aid in their delivery.
