Russia Wins in Arctic After U.S. Fails to Kill Giant Gas Project

Yet those challenges weren’t as tough as the U.S. sanctions imposed in 2014, forcing a complete refinancing just as construction was about to start. Jacques de Boisseson, head of the Moscow office of French energy giant Total SA, which has a 20 percent stake in Yamal LNG, said there were “various moments” when he thought the project may never happen.

“We were too much advanced to stop. We were in a deadlock: we had to go ahead and we didn’t know how,” de Boisseson said.

Yamal LNG shipping scenarios.

Source: Novatek’s Dec. 12 presentation

Three years later, the first shipment of Yamal LNG’s gas represents a gargantuan effort from the Russian establishment to demonstrate that one of President Vladimir Putin’s flagship projects would not be derailed by …. (Read full story here.)