LNG

Arctic LNG 2 delays commissioning of second train as international sanctions take toll

Analysts say the near term outlook for the Russian major LNG project is bleak with global LNG supplies set to be plentiful in 2025 and 2026.

Gas handling facilities at the Utrenneye field that is the source of feed gas for Novatek's Arctic LNG 2 project in Russia
Gas handling facilities at the Utrenneye field that is the source of feed gas for Novatek's Arctic LNG 2 project in RussiaPhoto: AFP/SCANPIX
European Correspondent
Published 30 December 2024, 08:50Updated 30 December 2024, 10:34
NovatekRussiaArctic LNG 2Zvezda ShipyardEurope