26.12.2023, 11:28
Samsung has stopped producing parts for Russian tankers
Source: OREANDA-NEWS
OREANDA-NEWS South Korean Samsung has stopped producing parts for Russian tankers carrying liquefied natural gas (LNG). This is reported by the Dunya news channel with reference to representatives of the company.
Samsung Heavy Industries has stopped the production of blocks and equipment for 10 of the 15 Arctic vessels contracted with Zvezda. The release of parts for the five remaining ships is nearing completion. At the same time, the manufacturer has not yet terminated the contract.
In November, the United States imposed sanctions against a large Russian plant for the export of Arctic LNG 2. United States Assistant Secretary of State for Energy Jeffrey Pyatt stated the desire of the leadership to "strangle" and stop the operation of a large Russian plant. The restrictions actually prohibit the whole world from buying fuel for this project under the threat of secondary sanctions.
After the introduction of American sanctions, Arctic LNG-2 lost its foreign shareholders. French TotalEnergies, Chinese CNPC and CNOOC and a consortium of Japanese Mitsui and JOGMEC announced their withdrawal from the project. The departure of investors means the refusal of shareholders to finance the plant and fulfill supply contracts. The companies owned shares in the project of 10 percent each and were entitled to receive up to 2 million tons of fuel per year.
Samsung Heavy Industries has stopped the production of blocks and equipment for 10 of the 15 Arctic vessels contracted with Zvezda. The release of parts for the five remaining ships is nearing completion. At the same time, the manufacturer has not yet terminated the contract.
In November, the United States imposed sanctions against a large Russian plant for the export of Arctic LNG 2. United States Assistant Secretary of State for Energy Jeffrey Pyatt stated the desire of the leadership to "strangle" and stop the operation of a large Russian plant. The restrictions actually prohibit the whole world from buying fuel for this project under the threat of secondary sanctions.
After the introduction of American sanctions, Arctic LNG-2 lost its foreign shareholders. French TotalEnergies, Chinese CNPC and CNOOC and a consortium of Japanese Mitsui and JOGMEC announced their withdrawal from the project. The departure of investors means the refusal of shareholders to finance the plant and fulfill supply contracts. The companies owned shares in the project of 10 percent each and were entitled to receive up to 2 million tons of fuel per year.
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