Jinshi data news on March 18th, as the flagship project in the far north region, the Arctic LNG 2 project is seen as a symbol of Russia's enduring natural gas strength, despite Russia's limited pipeline sales to Europe. However, affected by US sanctions, the facility led by Novatek, Russia's largest private natural gas producer, with a value of over 21 billion US dollars, stopped production last year. The company began to assemble a shadow fleet composed of liquefied natural gas transport ships to maintain the transportation of ultra-low temperature fuel, but these ships are still idle. Last month, officials from Novatek told Indian importers at India's largest oil conference that this situation is about to change. According to sources who attended the meeting, officials said that US President Trump will negotiate with Russian President Putin to end the conflict in Ukraine and ultimately lift the sanctions. Although the actual progress is not so clear, no one can guarantee that Trump will relax restrictions on Russia. However, it is said that the president's advisers are studying which measures may be adjusted if negotiations with the Russian side make progress - Novatek is the latest Russian company to seize market opportunities.
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Russia's largest energy company has been using the prospect of relaxed restrictions by the United States to attract buyers
Jinshi data news on March 18th, as the flagship project in the far north region, the Arctic LNG 2 project is seen as a symbol of Russia's enduring natural gas strength, despite Russia's limited pipeline sales to Europe. However, affected by US sanctions, the facility led by Novatek, Russia's largest private natural gas producer, with a value of over 21 billion US dollars, stopped production last year. The company began to assemble a shadow fleet composed of liquefied natural gas transport ships to maintain the transportation of ultra-low temperature fuel, but these ships are still idle. Last month, officials from Novatek told Indian importers at India's largest oil conference that this situation is about to change. According to sources who attended the meeting, officials said that US President Trump will negotiate with Russian President Putin to end the conflict in Ukraine and ultimately lift the sanctions. Although the actual progress is not so clear, no one can guarantee that Trump will relax restrictions on Russia. However, it is said that the president's advisers are studying which measures may be adjusted if negotiations with the Russian side make progress - Novatek is the latest Russian company to seize market opportunities.