Tuesday, December 26, 2023

China criticizes U.S. sanctions on Russia's Arctic LNG-2 project


Reuters:

China criticizes U.S. sanctions on Russia's Arctic LNG-2 project

December 26, 2023




Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights


BEIJING, Dec 26 (Reuters) - China's involvement in Russia's Arctic LNG-2 liquefied natural gas project should not be the target of any third party intervention or restrictions, its foreign ministry said on Tuesday.

The United States imposed sanctions on Artic LNG-2 in November as part of a package of sweeping new measures against Moscow over the war in Ukraine. Russian controlling shareholder Novatek (NVTK.MM) has declared force majeure due to the U.S. sanctions, according to sources.

Russian news outlet Kommersant reported on Monday that Chinese state-owned oil majors CNOOC Ltd (0883.HK) and China National Petroleum Corp (CNPC), both stakeholders, had also declared force majeure in the project.

Economic cooperation between China and Russia was in the mutual interest of both countries and "should not be interfered with or restricted by any third party," Chinese foreign ministry spokesperson Mao Ning said at a regular press conference on Tuesday.

"China has always opposed unilateral sanctions and long-arm jurisdiction without the basis of international law," she added.

The Arctic LNG-2 project was due to start production in early 2024. Novatek holds a 60% stake in the project, whilst CNOOC and CNPC each have a 10% stake as do France's TotalEnergies (TTEF.PA) and a consortium of Japan's Mitsui & Co (8031.T) and JOGMEC.


8 comments:

  1. The inhumanity of Russia's aggression against Ukraine, including serious crimes against Humanity, justifies special sanctions against Russian behaviour -where it hurts.

    ReplyDelete
    Replies
    1. Mfer, what's yr say about the Zionist's mfering acts of inhumanity aggression against Palestine, including the glaring crimes against Humanity committed in Gaza?

      F*cked selectivity mah!

      Delete
  2. Arctic gas fields...super cold temperatures.. ..dependent on Wankee technology or other Western oil principals..all of whom support sanctions in support of Ukraine.

    ReplyDelete
    Replies
    1. Wankee technology or other Western oil principals..

      Wow…

      A dying myrmidonic support of the vanishing demoNcratic idealism!

      Delete
  3. The remainder risk is Total, perfidious French Frogs may break ranks and choose to supply Russia with necessary technology not dependent on Wankees.

    ReplyDelete
    Replies
    1. Which country holds the technological lead in Extreme Cold environment gas production and transport ?

      It ain't China or Russia

      Delete
    2. Names?

      Which countries in the world have the tech to built LNG tanker?

      France? SKorea?

      Yankee? What LNG tanker?

      Wakakakaka…

      Delete
  4. Mfer, before u f*cked, do check which country holds the lead in super cold LNG exploration & transportation technologies!

    ReplyDelete