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Russia’s LNG project at a standstill: Russia’s Arctic LNG 2 project has seen gas field output drop to nearly zero in November, after it stopped liquefaction last month due to Western sanctions, Bloomberg reports. The project saw its lowest production rate this month since September 2023. The Novatek-led facility pumped an average of 0.4 mn cubic meters of gas a day in the first 10 days of November, a drop of more than 90% from the average daily output in October, Bloomberg says, citing an anonymous source. The first Arctic LNG 2 train in 4Q 2023 produced between 2 mn and 14 mn cubic meters a day, even during pre-commissioning and commissioning.
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The facility has a design capacity of 19.8 mn tons of LNG per year, but only one train able to produce 6.6 mn tons annually is currently operational, according to Bloomberg. The facility also increased its production of super-chilled fuel in August and September, as the ice conditions allowed the deployment of gas carriers and export of cargoes, but none of those shipments have been delivered to overseas ports.
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