India will not buy liquefied natural gas (LNG) produced from Russia’s Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said.
The Arctic LNG 2 project by Russia’s Novatek is subject to Western sanctions over Russia’s war with Ukraine. The United States has also imposed sanctions on hundreds of entities and individuals for supporting Russia’s war effort including companies supporting the development of Arctic LNG 2 project and its shipment of LNG.
Novatek has denied the allegations that the company was involved in establishing and managing a shadow fleet for the Arctic LNG 2 project were untrue.
