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TotalEnergies completes Arctic LNG 2 exit, retains $1.3B loan claim
Offshore EnergyLO·FR · RU·1 day ago
Russia has nearly doubled its shadow fleet of LNG tankers serving the US-sanctioned Arctic LNG 2 project within a year, signaling an effective workaround of Western restrictions. The expansion underscores Moscow's determination to sustain high-value gas exports, though the operational and financial sustainability of this covert fleet remains uncertain. This development challenges the efficacy of sanctions and could pressure global LNG prices.
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