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.
China Continues to Deliver Prefabricated Modules in Support of Russia’s Arctic LNG 2 Project Two ice-capable heavy lift vessels,AudaxandPugnax,departed China with new modules for Arctic LNG 2. The continued delivery of equipment highlights the challenge Western officials face in stopping Novatek from completing its latest project through sanctions.
US Further Tightens Sanctions Screw Targeting Russian Arctic Gas Projects Existing Western sanctions targeting Russia’s Arctic oil and gas development plans have only had limited impact. Now the US aims to further slow down key energy projects in the region with measures specifically aimed at Novatek’s Arctic LNG 2 project.
