Novatek’s $21 billion liquified natural gas plant, Yamal Arctic 2, is one of many oil and gas projects in Russia that has been put on hold. The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and international capital have halted the construction of numerous oil and gas projects. That’s according to data and analytics company GlobalData, whose recently released report, titled Project Insight – Oil and Gas – Q2 2022 , revealed that significant projects placed on hold have restricted the size of the pipeline. Novatek’s $21 billion liquified natural gas plant, Yamal Arctic 2, is one of many oil and gas projects in Russia that has been put on hold, GlobalData highlighted, adding that Russia dominates the project pipeline in Eastern Europe, representing […]