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Russia’s largest LNG project halted due to sanctions – media

Photo: investigator.org.ua

The main problem of Arctic LNG 2 is the lack of tankers capable of transporting liquefied gas cooled to -163 degrees.

company Novatek suspended production on a major project Arctic LNG 2 due to sanctions and shortage of tankers. This was reported by Reuters on Thursday, April 4.

Project Arctic LNG-2 should be the largest plant in Russia with a final capacity of 19.8 million tons of liquefied natural gas (LNG) per year and 1.6 million tons of stable gas condensate per year on three lines.

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The company started the production of liquefied natural gas in the first line Arctic LNG-2 in December 2023, but was behind schedule for the delivery of the first gas shipments under the project due to a lack of ice-class gas carriers.

Sources of the publication noted that the plant has suspended the conversion of methane to liquid at a temperature of minus 163 degrees Celsius.

The second and third lines should start operating in 2024 and 2026, respectively, and the second production line is being built at the plant in Belokamenka, Murmansk region of the Russian Federation.

However, the third stage can be used to Murmansk LNG plantabout what Novatek announced last June.

“We are considering the option of sending a second gravity platform in the summer for Arctic LNG-2, and for Murmansk LNG use a third one,” the source said.

This is a planned project Murmansk LNG will be more than Arctic LNG-2, with a final production capacity of 20.4 million tons per year. It is planned that the production of the first two lines will begin before the end of 2027, and the launch of the last line is planned for 2029.

One of the advantages of the Murmansk project compared to Arctic LNG-2 is access to an ice-free port in the Barents Sea.

“All attention is now on Murmansk; ice-class tankers are not needed there,” the material said.

Let us remind you of the project Arctic LNG-2 was placed on the US sanctions list because of Russia’s invasion of Ukraine. This prompted foreign shareholders to freeze participation, and Novatek declared force majeure.

The gas pipeline project was previously reported Power of Siberia-2, which is necessary to replace Russian Gazprom the missing European market is moving very slowly to the position taken by China.

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Source: korrespondent

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