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LNG: Arctic LNG 2 Gas Processing Rose in August But Could Fall From October

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Gas processing at Russia’s Arctic LNG 2 project rose to highest this year in August with cargoes loading despite western sanctions, according to a Bloomberg source.

  • The Novatek PJSC-led facility processed around 315mcm of gas in August, a 10-fold growth on July, compared to a peak of over 380mcm in December. Data doesn’t specify that the volumes were liquefied.
  • Gas output at feeder fields increased to more than 347mcm in August from 48mcm in July, the source added.
  • Arctic LNG 2 so far has shipped six cargoes on dark-fleet tankers, according to Bloomberg ship-tracking data. Some volume was delivery to two sanctioned LNG-storage facilities with no cargo buyers yet.
  • The facility has two trains in place but last month delayed the start of production at the third train from 2026 to 2028, RBC said.
  • Novatek is revising promising export projects and looking for alternative options for monetizing its gas reserves due to the pressure of sanctions, Kommersant said last week.
  • Arctic LNG 2 may reduce its processing and loadings from October until next summer with the Northern Sea Route closed to non-ice-class tankers on Oct. 15.
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Gas processing at Russia’s Arctic LNG 2 project rose to highest this year in August with cargoes loading despite western sanctions, according to a Bloomberg source.

  • The Novatek PJSC-led facility processed around 315mcm of gas in August, a 10-fold growth on July, compared to a peak of over 380mcm in December. Data doesn’t specify that the volumes were liquefied.
  • Gas output at feeder fields increased to more than 347mcm in August from 48mcm in July, the source added.
  • Arctic LNG 2 so far has shipped six cargoes on dark-fleet tankers, according to Bloomberg ship-tracking data. Some volume was delivery to two sanctioned LNG-storage facilities with no cargo buyers yet.
  • The facility has two trains in place but last month delayed the start of production at the third train from 2026 to 2028, RBC said.
  • Novatek is revising promising export projects and looking for alternative options for monetizing its gas reserves due to the pressure of sanctions, Kommersant said last week.
  • Arctic LNG 2 may reduce its processing and loadings from October until next summer with the Northern Sea Route closed to non-ice-class tankers on Oct. 15.