Reuters exclusively reported that Novatek, Russia’s largest producer of liquefied natural gas (LNG), has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers.
Energy
Russia’s Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers
02 April 2024, 11:31 am 1 minute
Market Impact
The decision to suspend converting natural gas to LNG is a blow to Russia’s goal to capture a fifth of the global LNG market by 2030-2035. It is currently the world’s fourth-largest LNG producer with annual exports of 32.6 million metric tons.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Russia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
