Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.
Steady: 0 in the last 7 days
Updated sep 9
The latest in this situation
How it started
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What happened
Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Arctic LNG 2 filed an arbitration claim against Hanwha Ocean.Sub-event
Novatek claims damages from Hanwha Ocean over the Arc7 tankers built for Arctic LNG 2.1 source
Sanctions related to the Ukraine invasion have stalled the delivery of LNG carriers built for Novatek.1 source
Hanwha Ocean supplied vessels to Japanese and Russian firms while Arctic LNG 2 project faces sanctions.1 source
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The entities involved
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Hanwha Ocean
shipbuilder of South Korea
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Sovcomflot
Russian company
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Novatek
Russian natural gas producer
Nothing else this week.