US Sanctions on Russian LNG Threaten Japan Gas Security Push
- US imposed measures on Arctic 2, in which Japan is an investor
- The move will also test Japan’s relationship with G7 nations
Photographer: Natalia Kolesnikova/AFP/Getty Images
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US sanctions on a major new Russian liquefied natural gas export plant threatens to pit Japan’s energy-security drive against its relationship with western allies.
The US on Thursday imposed the measures on Novatek PJSC’s Arctic LNG 2 project, which includes Japan’s government as an investor and is set to start exports in the coming months. This is the first US sanction to directly target an LNG export plant in Russia, and companies are still examining the potential impact.