LNG: Vessel Carrying Arctic LNG 2 Cargo Arrives in China
Aug-28 07:50
The Arctic Mulan vessel arrived this morning to the Beihai regas terminal in southern China which could be the first ever commercial sale from Russia's Arctic LNG 2 project.
- The tanker is carrying fuel from the sanctioned Arctic LNG 2 facility having loaded at Russia's Kamchatka LNG storage terminal in early June before heading to China.
- Arctic LNG 2 produced eight cargoes before sanctions caused a halt to the facility in October. The cargoes were sent to storage as no buyers could be found.
- Novatek’s Arctic LNG 2 project raised natural gas output levels to a record nearly 15 mcm/d average in August, according to Bloomberg. The jump in production coincides with five recent loadings at the site.
- ALNG2 is a key export hub for achieving Russia’s goal of tripling LNG production by 2030 and penetrate new gas markets around the world.
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Donald J. Trump
@realDonaldTrump
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