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LNG Russia
Tim Crawford
19 February 2024
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Trials and tribulations for Russian LNG

Novatek may have completed Arctic LNG 2’s first train on time, but the harder part will be securing buyers and shipping cargoes as Washington seeks to halt Russia’s LNG expansion

The first train of Russia’s flagship Arctic LNG 2 liquefaction project is complete and undergoing commissioning, Moscow reported in December, defying expectations of construction delays. But when the terminal will actually start exporting gas, as well as how much and to which markets, remains greatly in doubt, given the complications caused by international sanctions. In light of the latest round of US measures that target the project directly, experts warn the train’s launch may be delayed until spring, as operator Novatek scrambles to find the means of shipping the LNG to market and secure buyers willing to incur Washington’s wrath. Expanding LNG exports is a strategic priority for Russia—

Also in this section
Countdown to Mozambique LNG restart
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
China creates two-tier oil dynamic
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand

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