China has emerged as a consistent importer of liquefied natural gas from Russia's sanctioned Arctic…
OilPrice.com - China has become a regular importer of LNG from Russia’s sanctioned Arctic LNG 2 project, with a third cargo recently discharging at a Chinese terminal.
- The Arctic LNG 2 export project, sanctioned by the US, EU, and UK, has resumed shipping cargoes after struggling for over a year to find buyers willing to risk secondary sanctions.
- Two additional LNG tankers carrying supply from the sanctioned Russian project are currently en route to the Chinese port of Beihai.
China appears to have become a regular importer of liquefied natural gas from the sanctioned Arctic LNG 2 project in Russia as the third cargo in two weeks has just discharged gas at a Chinese import terminal.
The LNG tanker Zarya, sanctioned by the United States, unloaded on Wednesday over 160,000 cubic meters of LNG from Arctic LNG 2 at the southern Chinese Beihai LNG Terminal in Guangxi, Reuters reported on Thursday, citing ship-tracking data from LSEG and Kpler.
The Arctic LNG 2 export project roared back to life this summer, in a sign that Russia is done waiting and is now sending off loaded LNG cargoes, which could be testing the Trump Administration’s willingness to sanction Russia’s LNG customers in China.
Arctic LNG 2 is under sanctions by the United States, the EU, and the UK, which have also blacklisted many of the LNG vessels thought to be servicing the project’s output.
For over a year, the U.S. and EU sanctions on Russia’s Arctic LNG 2, which was billed as Russia’s flagship LNG project, had effectively frozen the start-up of the export facility in the Gydan Peninsula. The project last year came under intensifying sanctions from the United States, which put off any buyers that were previously considering buying cargoes from Arctic LNG 2.
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