After ten months after departing from a Chinese shipyard, the heavy lift vessel Wei Xiao Tian Shi returned to port with the original cargo on board. Vessel's return to China was the result of a failed attempt to deliver two modules manufactured by Chinese company Wison New Energies for the third line of the sanctioned Arctic LNG 2 plant.

Construction schedule of the Murmansk LNG terminal in the Kola Bay of the Barents Sea has been adjusted and the completion of works has been postponed from 2033 to 2030, as follows from the materials of the preliminary environmental impact assessment submitted for public discussions. Construction will be divided into six phases. First stage will last from 20...

Novatek's hydrocarbon production for 2024 amounted to 667 mln boe, up 3.3% from 645 mln boe a year earlier. Natural gas production grew by 2.1% to 84.08 billion cubic meters. Liquid hydrocarbons production increased 11.5% to 13.79 million tons. Natural gas sales, including LNG, totaled 77.76 billion cubic meters, down 1.1%. Liquid hydrocarbons sales volume i...

USA imposed sanctions against Chinese companies involved in the construction and transportation of modules for the Arctic LNG 2 project. Sanctions list also includes eight subsidiaries of Novatek China Holdings Co Ltd. It is specified that this company was established in August 2023. It is engaged in the implementation of the LNG sales program from the Arcti...