FSUOGM: Novatek downsizes Murmansk LNG project

Russia’s Novatek has reportedly downsized the capacity of its planned liquefaction terminal in Murmansk amid sanctions pressure, after already scaling back the size of its Arctic LNG-2 project.

International sanctions, particularly those imposed by Washington, have brought the expansion of Russia’s LNG sector to a standstill, with Arctic LNG-2, the first train of which was completed in December, still incapable of exports because of a lack of specialised carriers capable of traversing Russia’s Arctic Northern Sea Route and difficulties finding buyers.

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