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Russia left out in the cold as US sanctions torpedo LNG project
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France's TotalEnergies, Japan's Mitsui & South Korea's Samsung have all paused work on the ambitious liquefied natural gas venture amid US restrictions. Their exodus raises financing questions & endangers long-term supply contracts.
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Though initial Arctic LNG 2 trains began producing LNG in late 2023, the future remains murky. Escalating sanctions spotlight how economic measures can upend even Moscow's most prized initiatives.