The first batch of liquefied natural gas from the Arctic LNG-2 project will be shipped to consumers in February 2024. This was reported with reference to Russian Deputy Prime Minister Alexander Novak. TASS.
“According to the information the company has given us, it’s probably around February,” Novak said.
The commissioning of NOVATEK’s Arctic LNG 2 facility is expected to increase Russia’s liquefied gas exports to 38 million tonnes per year by the end of 2024.
25 December Foreign shareholders of the Arctic LNG-2 project force majeure was declared Participating in the project due to US sanctions. We are talking about the French TotalEnergies, the Chinese CNPC and CNOOC, as well as the Japanese consortium Mitsui and JOGMEC. Each has 10 percent of the project. This means waiving obligations to finance the Arctic LNG-2 LNG plant and implementing contracts for the annual supply of 2 million tonnes of LNG. NOVATEK continues to be the main shareholder with 60%.
Chinese companies CNOOC and CNPC, as well as their Japanese partners, also requested US authorities to exclude LNG contracts from the scope of sanctions. Meanwhile, Arctic LNG-2 will need to sell gas on the spot market.
It was previously reported that the launch of Arctic LNG 2 would allow. increase exports liquefied gas by 15%.