Western Sanctions Rip Into Russia Energy Projects, Japan Comes To HelpSanctions cause angst for Putin’s signature Arctic project Another near casualty from the sting of Western sanctions has been Vladimir Putin’s signature Arctic energy project, the massive $27 billion Yamal liquefied natural gas (LNG) project slated to be built on Russia’s Yamal Peninsula, where temperatures can reach 50 degrees below zero Celsius. Prohibited from securing financing in U.S. dollars
Gazprom considers shelving Vladivostok LNG project - FT.com
