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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Russia’s plan to rapidly expand its LNG exports are stalling due to US sanctions delaying shipments from the new Arctic LNG 2 project, according to Bloomberg.
- The Arctic LNG 2 project started production in December but has not yet exported any cargoes due to US sanctions, according to Bloomberg.
- It also had to cut output in February amid a lack of storage.
- The project is in talks to sell its first shipment to China, although there is no timeline.
- The US imposed sanctions on Arctic LNG 2 in November, which also kiboshed plans for the project to receive specialised icebreaker vessels.
- Few firms are also willing to risk the wrath of US sanctions by taking cargoes from the plant, even on a spot basis.
- Major shareholder Novatak is planning to send most cargoes to China, but also some to India.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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