Skip to content

Corruption Ledger

The Public Ledger of Corruption

  • Corruption
    • banks
    • corporate
    • environment
    • government
    • health
    • leaks
    • misinformation
    • protest & unrest
  • Crime
  • Sanctions
    • sanctions news
    • global sanctions feed
    • european sanctions feed
    • canadian sanctions feed
    • US sanctions feed
  • International Conflict
    • war
    • war machines
  • Business & Economy
  • Tech
  • Privacy
  • Regions
    • Africas
    • Asias
    • Europe
    • Oceania
    • Middle East
    • U.S.
    • World
  • News about Journalism
  • Toggle search form
  • US / SEC sues Coinbase and Binance, files motion to freeze Binance assets _enforcement
  • Document reveals why Canada arms Saudi Arabia – media Business & Economy
  • Report: Russia formally charges Wall Street Journal reporter Censorship Free Speech
  • Kremlin comments on WSJ correspondent arrest Aerospace
  • Nord Stream attack: Leaked US intel. suggests pro-Ukrainian group behind sabotage + Corruption Ledger #RealityCheck corporate corruption
  • Kremlin critic Kara-Murza goes on trial for treason Censorship Free Speech
  • Wave of raids, arrests target government critics in Tunisia government corruption
  • Russia vs. journalism: Vladimir Putin must release Wall Street Journal reporter Evan Gershkovich Censorship Free Speech

ExxonMobil suspends Russian Far East LNG project, Interfax reports

Posted on April 7, 2022May 17, 2023 By CorruptionLedger No Comments on ExxonMobil suspends Russian Far East LNG project, Interfax reports

ExxonMobil (XOM.N) has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions.

ExxonMobil said last month it would exit its Russian oil and gas operations, which it had valued at more than $4 billion, and halt new investment due to sanctions on Russia over Ukraine. read more

The decision would see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russia’s Far East, and put the fate of a proposed multi-billion dollar LNG facility there in doubt.

Exxon had planned to build the Far East Liquefied Natural Gas (LNG) project with annual capacity of more than 6 million tons as part of Sakhalin-1 consortium led by Russian energy giant Rosneft (ROSN.MM).

“The project, which the Americans – Exxon – had announced at the port of De Kastri with the pipe from Sakhalin, it is frozen until further notice from them,” Interfax quoted the Khabarovsk region’s governor Mikhail Degtyaryov as saying.

“Why has it been done? I am astonished, this is a shot in the foot.”

Exxon in Moscow referred Reuters to the company’s announcement about its decision to leave business in Russia on March 1.

Reuters

Related

Business & Economy, Corruption, Sanctions Tags:All Regions, Corruption, ExxonMobil, Far East LNG project, Region Americas, Region Asias, Region US, Rosneft, Russia, Russia Sanctions, Sanctions

Post navigation

Previous Post: US Escalates Sanctions on Russia
Next Post: Former Goldman Banker Ng Found Guilty in 1MDB Fraud Scheme

You must log in to post a comment.

Wall of Shame

  • Ledger of Lies
  • Enforcement Actions
  • Misinformation & Censorship
  • In Court

Recent

  • US / SEC sues Coinbase and Binance, files motion to freeze Binance assets
  • Raging Canada Wildfires Threaten Critical Infrastructure, Force Evacuations
  • Disgruntled employer Fox News says Tucker Carlson breached his contract: Report
  • Saudi crown prince, US’ Blinken had ‘candid’ talks in Jeddah
  • Italian police search former defense exec’s home in corruption probe
  • Meta to let users refuse its cross-site tracking following German antitrust intervention
  • Ex-CIA advisor theorizes date when Dollar’s dominance may start to crumble
  • Treasury ‘sleeping at the wheel’ on PwC tax scandal
  • Biden Signs Bill to Raise US Debt Ceiling to Avoid Default
  • A federal judge rejects Tennessee’s anti-drag law as too broad and vague
About CL
  • United States Complaint Against Bob Dean Jr. and Affiliated Corporate Entities for Financial Misconduct Stemming from Evacuation of Nursing Homes During Hurricane Ida corporate corruption
  • Facebook ‘disappears’ RT Arabic  Aerospace
  • With criminals in the ranks, can London’s police force ever recover public trust? corporate corruption
  • American Politician ties with Bin Salman Saudi Family Corruption
  • Saudi Arabia asks US for nuclear help, stoking fears of Iran arms race corporate corruption
  • DeSantis asks that judge be disqualified from Disney’s free speech lawsuit Censorship Free Speech
Rumble Video

Copyright © 2022 Corruption Ledger. This web site contains no ads.