Russia’s New LNG Project Stumbles as U.S. Sanctions Delay Ship Delivery

Japan’s shipping giant Mitsui OSK Lines is unable to deliver ice-breaker class ships to Russia’s new LNG export project in the Arctic because of the U.S. sanctions levied on the project’s operator at the end of last year, the president of the Japanese firm told Bloomberg in an interview on Tuesday. The U.S. sanctions on Russia’s latest LNG project, Arctic LNG 2 of the largest Russian LNG exporter, Novatek, have upended the company’s plans for production start-up and export timelines.   In November, the…