Russia Is Wooing Arctic Gas Buyers With Life After US Sanctions

From a cramped booth in a crowded conference center on New Delhi’s outskirts, executives from one of Russia’s biggest energy firms made their sales pitch to Indian buyers — take our Arctic gas now, while it’s still cheap.

A flagship project in the far north, Arctic LNG 2 was intended as a symbol of Russia’s enduring gas might, even with only minimal pipeline sales to Europe. Targeted by US sanctions, however, the $21 billion-plus facility led by Novatek PJSC halted production last year. It began to assemble a shadow fleet of liquefied natural gas tankers to keep the super-chilled fuel ...