India will not buy liquefied natural gas from the sanctioned Russian project Arctic LNG 2, India’s Oil Secretary Pankaj Jain said on Friday. “We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity. Something which has broad-based sanctions, we are not touching it,” the official told reporters today, as carried by Reuters. The U.S. and the EU have imposed sanctions on the Arctic LNG 2 project, aiming to stifle Russia’s revenues from oil and gas. Located in the Gydan Peninsula in the Arctic,…
