Russia's Arctic LNG 2 project, led by Novatek, is moving forward despite facing US sanctions and challenges in shipbuilding orders. The project is vital for Russia's goal to boost its LNG production significantly by the end of the decade. However, sanctions have led to the cancellation of key shipbuilding contracts, including those with South Korea's Hanwha Ocean and Russia's Zvezda shipyard, impacting the delivery of specialized ice-class tankers. This development poses a significant challen...
