Kpler data reveals that sanctioned Russian nuclear icebreakers, operated by Atomflot, facilitated the delivery of significant quantities of LNG from Yamal LNG to European companies, including Shell, TotalEnergies, and Naturgy. While direct payments to Atomflot by European entities haven’t been confirmed, indirect benefits via Yamal LNG raise legal and ethical concerns regarding sanctions compliance. Experts argue that these indirect links pose a high risk of sanctions violations, particularly given publicly available information on Atomflot’s icebreaking fees. Despite Shell and Naturgy asserting compliance, the situation underscores the ethical implications of profiting from Russia’s energy exports during the ongoing war in Ukraine.
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Vladimir Putin’s ambitious Arctic gas production project, a cornerstone of his energy strategy, is facing a significant setback, effectively grinding to a halt due to the crippling impact of Western sanctions. The Arctic LNG 2 project, boasting the Belokamenka yard designed to employ 15,000 workers, now stands largely deserted, a testament to the sanctions’ devastating effect on Russian infrastructure and its ability to maintain complex operations. Most contractors have abandoned the site, leaving behind only a skeleton crew of around 500 security guards.
The shutdown of this massive undertaking represents a considerable blow to Putin and his energy empire. The Belokamenka yard, once touted as a world-leading industrial site, was crucial for the construction of the offshore platforms necessary to process gas from the Salmanovskoye and Geofizicheskoye fields.… Continue reading