Energy
Russia’s Sanctioned Arctic LNG Plant Boosts Output to New Record
Novatek's Arctic LNG 2 project on the Kara Sea shore line in the Arctic circle.
Photographer: Natalia Kolesnikova/AFP/Getty ImagesRussia’s sanctioned Arctic LNG 2 project boosted gas output to record levels this month as the export facility keeps loading cargoes that have struggled to find buyers.
Natural gas production at the Novatek PJSC-led plant averaged nearly 15 million cubic meters a day during most of August, according to a person with knowledge of the matter. That likely also translated to higher output of LNG — gas that has been cooled to a liquid form for ease of transport.