China receives first Arctic LNG 2 cargo ahead of Putin’s visit, data shows
“The tanker Arctic Mulan LNG, carrying LNG from the Arctic LNG 2 project, which is targeted by the sanctions, berthed at China’s Beihai LNG terminal in the southern region of Guangxi on Thursday, data from Kpler and LSEG showed. The cargo came from a storage facility in the Russian Far East that has only received cargoes from Novatek’s Arctic LNG 2 project.”
“If this one goes through without any U.S. reaction, that could be a signal for China and other buyers that it would be ok to buy sanctioned Arctic LNG 2 cargoes. India could be next in line for a Russian LNG cargo, especially at an attractive price.”
“The Arctic LNG 2 project had been due to become Russia’s largest LNG plant with eventual output of 19.8 million metric tons per year of LNG from three trains.”