We all talk about Yamal and the other gas projects as if they are complete. They are not, well they aren't at name plate capacity yet.
Yamal 2 is lead by Technip (French) & JGC (Japanese). The modules for them only started shipping from China last year. There is gotta be atleast another year or 2 of work left on them. I don't believe those companies are able to finish the work under the current sanctions.
Obviously the optimistic case is things settle down and they go back to work, but it'll be force majeure now anyhow, and if they walk away with all the drawings and warrantee/spares/catalyst etc etc etc, its gonna be a bitch to finish, maybe another 3 years to finish.
The likes of CPEEC would be rubbing their hands at the opportunity to run EPC contracts building new greenfield mega projects in Russia, probably in some JV with Russian corporations. Alot of the Chinese processes that was recently patented wouldn't get a go before this, would now come in since they would be the only options. (At an efficiency cost of course). Having real producing plants would significantly enhance their marketability & bankability for future projects.
If they get it right, it is going to shake up the market and provide proper competition to the other tier ones in the middle east/Africa/South America & Central Asia & SE Asia.