“The newly built Longkou LNG terminal in eastern China’s Shandong province, operated by state pipeline giant PipeChina, is being lined up to receive Arctic LNG 2 cargoes, the sources told Reuters.”
“The move would provide a lifeline to the $21 billion project, which is under heavy sanctions, and to Moscow, whose gas exports have been hit by Europe’s decision to halt purchases and whose oil sector faces pressure from Ukrainian attacks.”
“A second import terminal would allow China to take larger volumes of sanctioned Russian LNG, while giving Arctic LNG 2 – designed to produce 19.8 million metric tons a year – another export outlet.”
“China, the only known buyer of sanctioned Arctic LNG 2 cargoes, has so far received shipments through PipeChina’s Beihai terminal in Guangxi. That facility took the project’s first delivery to an offtaker in August 2025 aboard the Arctic Mulan tanker.”
“Since then, Beihai has received 41 cargoes, or 2.6 million tons, of LNG from Arctic LNG 2 – many via two floating storage units in Russia – according to ship-tracking data and Kpler estimates. It has also received three LNG cargoes from Russia’s sanctioned Portovaya terminal.”