Russian President Vladimir Putin launches the first liquefaction line on a gravity-type base for Arctic LNG-2
Waiting for Arctic LNG 2
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
The departure of a carrier from Arctic LNG 2 on Russia’s Gydan Peninsula has led to speculation that Russian independent Novatek could be making a fresh attempt to jumpstart exports from the sanctions-stricken project. But with conditions much the same as when the company made its last effort a year ago, the odds of successfully shipping even a single cargo to a buyer appear slim. Novatek completed the first of Arctic LNG 2’s three 6.6mt/yr trains at the end of 2023 despite headwinds caused by sanctions. But fresh restrictions imposed by the Biden administration on the project directly ahead of its completion have prevented Novatek from exporting any gas since then. “Kpler does not exp
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
