How Western Sanctions Are Strangling Putin's Arctic Gas Ambitions

Thursday, May 09, 2024

Two years after the Kremlin's invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. But there's at least one spot where the pain is very real.

Posted by LampLighter at 11:33 PM | 4 COMMENTS | permalink | Comment on This Entry |

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... The Novatek PJSC-led Arctic LNG 2 facility, on the icy Kara Sea, is a key part of Moscow's plans to boost exports and replenish coffers. For months now, it has been ready to ship liquefied natural gas to new markets, alternatives to the once-lucrative European pipeline trade.

And yet, the vast new $25 billion operation is sitting virtually idle, the first piece of Russia's energy production complex to be effectively curbed by US restrictions. ...

#1 | Posted by LampLighter at 2024-05-09 01:22 AM | Reply

Read the article.

This is another reason, even more important than Ukraine, why Mr. Putin has so much riding on Trump's re-election.

#2 | Posted by Twinpac at 2024-05-10 03:53 AM | Reply | Newsworthy 2

Sleepy Joe seems to be everywhere disrupting Putin's ambitions for Putin's ambitions for a Russian domination of energy markets around the world unlike Trump who would be Putin's door mat to Europe. MAGAmorons think Trump is such a tough guy but Putin supports hi brcause he knows Trump is the Cowardly Lion from "the Wizard of Oz."

#3 | Posted by danni at 2024-05-10 08:19 AM | Reply | Funny: 1 | Newsworthy 3

DANNI

I agree. All four hemispheres would be in a world of hurt if Putin and Trump combined forces.

#4 | Posted by Twinpac at 2024-05-10 03:44 PM | Reply | Funny: 1