Despite the fact that ExxonMobil has been forced to withdraw from some joint projects with Russian oil giant Rosneft due to the sanctions on Russia, the U.S. supermajor is proceeding with a US$15-billion liquefied natural gas (LNG) project that is unaffected by the sanctions, Reuters reported on Thursday, citing industry sources with knowledge of the issue. Earlier this year, Exxon said that it had decided to withdraw from most of its joint oil and gas exploration activities with Rosneft, giving in to the pressure of U.S. and EU sanctions against Russia’s energy industry. The decision, Exxon said, was made last year, after Washington imposed additional sanctions on Russia for its alleged involvement in the 2016 presidential elections. The withdrawal process will begin this year. Exxon will be withdrawing from joint ventures struck in 2013 and 2014, the group said in a SEC filing , while the LNG project—Far East […]