Putin Green-lights Novatek’s Massive Murmansk LNG Project Novatek's planned Murmansk LNG plant has cleared a key hurdle. The project will benefit from the expected liberalization of the liquefied natural gas sector and would become the company’s third project in the Arctic.
Norway Supplied Almost Half of German Natural Gas Imports During First Nine Months of 2023 In a stark reversal of long-standing gas flows, Norway has now fully adopted Russia’s role as Germany’s largest gas supplier. Norway’s share of German gas supply has increased from just under 20 percent in 2021 to 48 percent in 2023 thus far. Meanwhile, Russian gas major Gazprom faces its lowest production in more than 40 years.
Gazprom Sends First-Ever Shipment of Baltic LNG to China via the Arctic Natural gas company Gazprom has become Russia’s second energy corporation to send liquefied natural gas to China via the Arctic. In contrast to Novatek’s shipments, which use gas produced within the Arctic, Gazprom’s shipment comes from the Portovaya liquefaction plant in the Baltic Sea. This is the first time that a company has shipped gas from outside the Arctic along the Northern Sea Route.
Russian Crude Oil Now Flowing To China Via Arctic Ocean Russia continues to reroute oil previously destined for Europe to Asia. Now, two tankers have traveled across the Arctic to China, thereby elevating the risk profile of Arctic shipping, experts say. Increased traffic means increased probability of an accident – with very high consequences.
Novatek To Surpass Gazprom As EU’s Largest Russian Gas Supplier, Highlighting Continued Reliance on LNG Ukrainian officials again urged the EU to end imports of Russian liquefied natural gas. Russia continues to supply more than 15 percent of the EU’s liquefied natural gas enabling gas producer Novatek to surpass gas giant Gazprom to become the country’s largest supplier to the continent.
Russia to Export 100m tons of LNG by 2030 Russia announced plans to liberalize Arctic liquified natural gas exports in an effort to boost production to 100m tons by 2030. Two older nuclear icebreakers may have their lifetime extended to help keep shipping lanes open to transport the gas to Asia.
German Oil and Gas Company Faces Criticism For Slow Exit from Russia German oil and gas producer Wintershall Dea withdraws from its Russian joint venture in the Arctic. The company faces criticism for its late departure and accusations that gas condensate it produced may have been used by Russian fighter jets over Ukraine. Wintershall Dea also plays a significant role in oil and gas in Norway, including Snøhvit and the upcoming Irpa project in the Arctic.
First Cargo From Yamal LNG Project Arrives at Indian Port of Dabhol The first batch of liquefied natural gas from Novateks's Yamal LNG plant was delivered to the Indian port of Dabhol last weekend.
Record Cold Winter in Asia Sends Russian LNG Via Arctic to Japan Cold temperatures and traffic congestion at the Panama Canal has resulted in a shortage of natural gas and exploding prices in parts of Asia. Now, Novatek aims to send LNG from the Arctic to Japan during the middle of winter in an untested high-risk, high-reward strategy.
Traffic on Northern Sea Route Doubles as Russia Aims to Reduce Ice-class Requirements Shipping traffic on Russia’s Northern Sea Route (NSR) reached another milestone surpassing 15 million tons of cargo during the first eleven months of the year. For 2018, Russian authorities expect more than 17 million tons explains Deputy Transport Ministry Jury Tsvetkov, nearly doubling the volume of the previous year when vessels delivered 9.7 million tons along the route. At least 500,000 tons will come from transit traffic, the highest figure since 2013.
China Sends More Than a Dozen Vessels Through the Arctic Ocean Chinese shipping companies have sent a dozen vessels through the waters of the Northern Sea Route in 2017, compared to five vessels the previous year.
