Sanctions Are Crushing Russia's Ambitious LNG Export Projects

Russia may have to put its plans to significantly boost its eastbound pipeline gas exports and its LNG exports to the global markets on ice amid growing challenges.    Russia has relied on the Chinese market for higher pipeline gas exports since Putin’s invasion of Ukraine and the slashed volumes of gas supplies to Europe. But talks on a second pipeline to China appear to have stalled, while the Western sanctions on Moscow were intensified to include a flagship new LNG export project in the Arctic that was supposed to come…