India will not buy from West-sanctioned Russia's Arctic LNG 2 project, says Oil secretary Pankaj Jain
New Delhi: India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, Reuters reported, citing Oil Secretary Pankaj Jain, who confirmed the development on Friday.
"We will not buy from Arctic LNG 2. We are not engaging with any sanctioned commodity. Anything broadly sanctioned is off-limits for us," Jain was quoted as saying by Reuters.
The Arctic LNG 2 project, led by Russia's Novatek, has been targeted by Western sanctions due to Russia’s conflict with Ukraine. The United States has also sanctioned numerous entities and individuals linked to Russia's war efforts, including companies involved in the development and transportation of LNG from the Arctic LNG 2 project.
Novatek has denied media reports about the company was involved in creating and managing a "shadow fleet" to support the Arctic LNG 2 project.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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