Russian Arctic LNG development continues, with Sovcomflot operating vessels, but sanctions prevent Hanwha Ocean from delivering to projects.
2 reports, 1 independent
Updated Sep 3
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What happened
Russian Arctic LNG development continues, with Sovcomflot operating vessels, but sanctions prevent Hanwha Ocean from delivering to projects.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Putin visited Russian Far East projects as Novatek and Sovcomflot continued Arctic LNG 2 development.1 source
Sanctions block Hanwha Ocean delivery to Russian LNG projects, despite continued development support.1 source
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The entities involved
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Sovcomflot
Russian company
Nothing else this week.
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Mikhail Mishustin
Russian politician, Prime Minister of Russian Federation
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Hanwha Ocean
shipbuilder of South Korea
Related events
- Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.
- Arctic LNG 2 filed an arbitration claim against Hanwha Ocean.
- Hanwha Ocean is a front-runner for a Canadian submarine program, prompting Canada to seek industrial partnerships with South Korean firms.