Kremlin declines comments on force majeure at Arctic LNG 2

Kremlin spokesman Dmitry Peskov declined to comment on Monday about force majeure declared over the future Russian Arctic LNG 2 project, designed to produce sea-borne liquefied natural gas. Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday. Sanctions have also resulted in Novatek declaring force majeure over LNG supplies from the project, industry sources told Reuters last week.