Battle for Arctic LNG hots up as US and UK top up sanctions lists

Russia is closing in on the start-up of Arctic LNG 2 — its next planned liquefaction project — as the US and UK ramp up sanctions against vessels, companies and individuals linked with the business.

The US updated its sanctions list on 14 September, adding two giant floating storage units (FSUs) that were installed at either end of the Northern Sea Route (NSR) this year.