“Due to sanctions pressure, Novatek, the market leader, is looking into… Natural gas The issue in Russia…about alternative options to benefit from its gas reserves and review promising export projects.”
According to Kommersant sources, work on the Murmansk and Ob LNG projects has been halted.
In June, it was banned. European Union Pumping new investments, as well as providing the goods, technology and services necessary to complete the construction of the two LNG projects.
European Commission President Ursula von der Leyen said on Thursday that 160 million euros (about $179 million) from the proceeds of frozen Russian assets would be allocated to meet Ukraine’s urgent humanitarian needs this winter.
She added that a fuel-fired power station in Lithuania is being dismantled and rebuilt in Ukrainewhere 80 percent of thermal power plants were destroyed.
“We aim to restore 2.6 gigawatts of generation capacity, which represents 15 percent of Ukraine’s needs,” von der Leyen added.
At the end of last July, the European Union announced securing 1.5 billion euros ($1.6 billion) to support Ukraine, the first tranche of money earned from profits on frozen Russian assets.
