Russia Relies on Sanctioned Plant to Meet 2024 LNG Export Goals
- The nation sees total 2024 LNG exports at 35.2m tons: outlook
- US sanctions against Arctic LNG 2 may impact actual flows
The bulk of the planned ramp up will most likely come from Arctic LNG 2, which did not make any exports in 2023.
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Russia’s plans for higher gas exports will draw from a liquefied natural gas project in the Arctic that’s the target of US sanctions.
Moscow aims to export 35.2 million tons of the super-chilled fuel this year, according to the base scenario of the new macroeconomic outlook through 2030, seen by Bloomberg. The document by the Economy Ministry will be used for planning longer-term national projects, a source close to the government said.