Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues. According to the Russian government, a 27.5% stake valued at $1.6 billion is to be sold to Gazprom, increasing its…
Yamal LNG
Articles from Yamal LNG
Novatek Playing Key Role in Russia’s LNG Export Ambitions
Despite recent European Union (EU) proposals to ban Russian LNG exports to Europe, the country’s largest independent natural gas producer, PAO Novatek, has become a key player in the export market for Moscow. LNG exports from Novatek’s Yamal LNG in Russia’s Far North reached a record high in April, with 1.89 million tons (Mt) exported…
May 19, 2023
Russian LNG Exports Continue to Grow as Kremlin Targets Expansions
Russian LNG exports to Europe are on the rise despite the continent’s efforts to diversify natural gas supplies and impose a series of sanctions against the country for its war in Ukraine. Most of the liquefied natural gas exported from Russia to Europe has been sourced from PAO Novatek’s Yamal LNG facility in the country’s…
November 28, 2022
Novatek’s LNG Export Projects Hit by Global Sanctions Against Russia
Russia’s largest independent gas producer, PAO Novatek, is struggling with its two liquefied natural gas (LNG) projects in the country’s Far North under the latest European sanctions imposed against Russia. Novatek’s first operating export facility, Yamal LNG, is finding it difficult to secure European buyers. And the delay in the construction of its second project,…
May 25, 2022
TotalEnergies Says Exiting Russia Possible Amid Solid Growth in LNG Operations
TotalEnergies SE said Thursday it hasn’t ruled out exiting Russia entirely, a move management said would not disrupt the significant growth seen in the firm’s liquefied natural gas (LNG) operations. The Paris-based supermajor again condemned Russia’s invasion of Ukraine during its first quarter earnings call. Management announced after the incursion that it would provide no…
April 29, 2022
Russian LNG Exports Still Climbing Despite Calls to Limit Transactions
Russia’s liquefied natural gas (LNG) exports remained strong in March and surpassed year-ago levels despite efforts by some buyers to curb purchases from the pariah state. Russian LNG exports increased by 19% year/year to 3.1 million tons (Mt) last month, according to shipbroker Banchero Costa. Shipments from the country were also 25% higher than they…
April 13, 2022
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
