Russia’s Novatek to Complete Arctic LNG 2 by 2026 Despite Sanctions Novatek aims to complete all three production lines of Arctic LNG 2 by 2026 with a tentative "sail away" date for Train 3 of July 2026, company communication shows. Western sanctions have been able to delay the project, but work at the Belokamenka LNG construction center continues.
Russian LNG 2 Construction Yard Welcomes Final Module and Arrival of Hundreds of Chinese Workers Russian gas producer Novatek continues to assemble the next production line for Arctic LNG 2 all the while it shutters liquefaction of natural gas at the facility due to a lack of ice-capable LNG carriers. The company will look to the summer months, when conventional carriers can reach the project, to initiate shipments. The first conventional LNG carrier received a permit for the Northern Sea Route last week.
Delivery of Final Modules for Russia’s Arctic LNG 2 Project Highlights Challenge of Designing Effective Sanctions Russia’s Arctic LNG 2 energy project offers a masterclass in how difficult it is to design effective sanctions. Despite multiple rounds of blocking measures, pre-assembled modules continue to travel from China to Russia, and shipping company Red Box opines it is not violating international rules.
Latest Round of US and UK Sanctions Takes Aim at Russia’s Arctic LNG 2 Project The US and UK announced further sanctions against Russia´s Arctic LNG 2-project targeting ship construction in Russia and South Korea and Novatek’s Belokamenka assembly yard. The impact of three rounds of sanctions in the last six months continues to delay the first shipment from the project.
