Russia’s Arctic LNG 2 Barely Pumps Any Gas After Sanctions Lock In Exports
- Novatek-led facility produced 0.4 mcm/day of gas on Nov. 1-10
- Output at the Russian facility fell to lowest in over a year
Arctic LNG 2 is key for Russia’s ambitions to boost exports of LNG and develop its Northern Sea Route.
Photographer: Natalia Kolesnikova/AFP/Getty ImagesThis article is for subscribers only.
Russia’s Arctic LNG 2 project has slashed output at its gas fields to nearly zero so far in November after stopping liquefaction last month due to western sanctions.
Fields feeding the Novatek PJSC-led facility pumped an average of 0.4 million cubic meters of gas a day in the first ten days of November, according to a person with knowledge of industry data, who spoke on condition of anonymity. That’s a drop of more than 90% from the average output for most of October, Bloomberg calculations show.