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Albania’s long pursuit of gas
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
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Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
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Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
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US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and markets
LNG faces promises and perils ahead
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
LNG will be supplied on a Fob Murmansk and Fob Kamchatka basis
Russia LNG Novatek
Simon Ferrie
30 April 2021
Follow @PetroleumEcon
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Arctic LNG 2 inks long-term contracts

Russia's Artic LNG 2 project continues to advance, with the signing of long-term sales and purchase agreements (SPAs) for the entirety of LNG production

Russia’s Novatek has announced that the Arctic LNG 2 joint venture has concluded 20-year SPAs with all project participants. Offtake volumes are in proportion to ownership stakes, and the JV comprises Novatek (60pc), Total (10pc), Chinese NOCs CNPC (10pc) and Cnooc (10pc) and Japan Arctic LNG (10pc), which is a combination of Japanese firms Mitsui and Jogmec. LNG sales from the project’s first liquefaction train are scheduled to start in 2023. The development will eventually comprise three 6.6mn t/yr trains for a total capacity of 19.8mn t/yr, plus an additional total across the three trains of 1.6mn t/yr in condensate production capacity. 2023 - LNG sales to start The SPAs guarante

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