Reuters: Rosneft's Sakhalin LNG Plant Delayed for at Least 2 Years - Sources

Russian energy producer Rosneft may have to delay development of its liquefied natural gas (LNG) plant on the Pacific island of Sakhalin for at least two years, sources said, after prices fell and financing all but dried up due to Western sanctions.

The delay is the latest blow to Rosneft, which has also been forced to suspend drilling at an oil project in the Arctic after sanctions imposed on Russia by the West over the Ukraine crisis halted cooperation with ExxonMobil.

Read the full article HERE.