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ExxonMobil suspends Russian Far East LNG project, Interfax reports

Posted on April 7, 2022June 3, 2022 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

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corruption, economy, sanctions Tags:ExxonMobil, Far East LNG project, Rosneft, Russia, Russia Sanctions, Sanctions

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Cryptome content is reliable. Why is their @Twitter account permanently banned, however? https://twitter.com/Cryptome_org @Cryptome_org

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@MsQuitoSwarm @YouTube This seems to be legit, i read about the CIA-Operation "Aerodynamic" on the heise online german news platform
https://cryptome.org/2016/01/cia-ua-aerodynamic.pdf

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The most uplifting news in ages: #France brings new meaning to "Power to the People" - unionized energy workers give free power to low income people, cut off electricity for the powerful. #vivelafrance https://www.france24.com/en/europe/20230127-robin-hood-energy-strikers-give-free-power-to-french-schools-hospitals-low-income-homes

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Corruption Ledger @5amresearch ·
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The most uplifting news in ages: #France brings new meaning to "Power to the People" - unionized energy workers give free power to low income people, cut off electricity for the powerful. #vivelafrance https://www.france24.com/en/europe/20230127-robin-hood-energy-strikers-give-free-power-to-french-schools-hospitals-low-income-homes

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