https://sputnikglobe.com/20230516/japan-to-increase-russian-gas-imports-by-2mln-tonnes-using-arctic-lng-2-1110394979.html
Japan to Increase Russian Gas Imports by 2Mln Tons Using Arctic LNG 2
Japan to Increase Russian Gas Imports by 2Mln Tons Using Arctic LNG 2
Sputnik International
Consortium of Japanese companies plans to increase imports of Russian liquefied natural gas by 2 million tonnes by 2026 since eastern nation was unable to withdraw from Russian gas.
2023-05-16T06:35+0000
2023-05-16T06:35+0000
2023-05-16T19:10+0000
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The Arctic LNG 2 project is currently working, but LNG production has not yet been launched, Marin specified. The Arctic LNG 2 is Novatek's second heavy-tonnage LNG project after the Yamal LNG. The resource base is connected to the Utrenneye gas field located in Russia's Yamalo-Nenets Autonomous District. The project provides for the construction of three technological lines with a capacity of 6.6 million tonnes each. The total capacity is estimated at 19.8 million tonnes of LNG per year. Novatek initially planned to launch the first line of the Arctic LNG 2 in 2023, the second in 2024 and the third in 2025, but in April 2022, the company announced possible changes in the project's schedule due to technical hurdles caused by the Western sanctions imposed on Russia.
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Japan to Increase Russian Gas Imports by 2Mln Tons Using Arctic LNG 2
06:35 GMT 16.05.2023 (Updated: 19:10 GMT 16.05.2023) SAPPORO/TOKYO, Japan (Sputnik) - Japan has not withdrawn from Russian gas producer Novatek's Arctic LNG 2 project and plans to increase imports of Russian liquefied natural gas (LNG) by 2 million tons per year by 2026, Sergey Marin, the Russian consul general in the Japanese city of Sapporo, told Sputnik.
"A consortium of [Japanese trading company] Mitsui & Co and Japanese national oil and metal company JOGMEC has retained a 10% stake in Novatek's Arctic LNG 2 project. The only clarification: in March last year, Japan froze new investments in this project due to the financial sanctions ... If all goes as planned, Japan will add about 2 million tonnes of LNG per year to the share it is currently receiving from Russia, that is about 9% of total imports," the Russian consul general said.
The Arctic LNG 2 project is currently working, but LNG production has not yet been launched, Marin specified.
"The first line is scheduled to be launched by the end of this year, while the second and the third [lines are scheduled to be launched] in 2024 and 2026 [respectively]," he added.
The Arctic LNG 2 is Novatek's second heavy-tonnage LNG project after the Yamal LNG. The resource base is connected to the Utrenneye gas field located in Russia's Yamalo-Nenets Autonomous District. The project provides for the construction of three technological lines with a capacity of 6.6 million tonnes each. The total capacity is estimated at 19.8 million tonnes of LNG per year.
18 January 2023, 15:12 GMT
Novatek initially planned to launch the first line of the Arctic LNG 2 in 2023, the second in 2024 and the third in 2025, but in April 2022, the company announced possible changes in the project's schedule due to
technical hurdles caused by the Western sanctions imposed on Russia.
