3 Apr 2024 19:03

Authorities, Novatek working to resolve matter of shipping products from Arctic LNG 2 - Shulginov

MOSCOW. April 3 (Interfax) - Russian authorities and Novatek are working to resolve the task of exporting products from the Arctic LNG 2 project, Energy Minister Nikolai Shulginov told reporters.

"Arctic LNG 2 is ready for operation. The problem with gas tankers is being solved. We continue to look for suppliers. We also have our own programs, but they take time. We and the companies are and will be solving these issues," he said.

The Arctic LNG 2 project envisages the construction of three stages for the production of liquefied natural gas with a capacity of 6.6 million tonnes per year. The first stage began operations in 2024. However, the first cargo has not yet been shipped.

The U.S. Treasury Department added Arctic LNG 2 LLC to its sanctions list in November 2023; earlier the list included some contractors of the project, as well as Arctic Transshipment LLC, which operates LNG transshipment terminals in Murmansk and Kamchatka. Since the summer of 2022, the European Union has maintained sanctions on the supply of equipment for LNG plants to Russia.

In December 2023, it became known that NOVATEK had declared force majeure on deliveries to some of its LNG customers from Arctic LNG 2.