Murmansk LNG explained

Murmansk LNG is a LNG plant being built by Novatek, which was approved on 10 October 2023 by Russian president Vladimir Putin.[1] It is scheduled to begin operation in 2027.[2]

History

In December 2023 Murmansk LNG was included in Russia's national energy strategy.[3]

In April 2024 Novatek reported its production targets until 2033.[4]

In May 2024 it was revealed that Putin's granddaughter's father, Yevgeny Nagorny, was hired by Novatek's owner, Leonid Mikhelson, as director-general of Murmansk-Transgaz, which will transport the gas.[5]

On 13 June 2024 the US threatened to sanction firms that dealt with Murmansk LNG, as part of its OFAC sanctions.[6]

In July 2024 it was reported that Chinese shipbuilders had stopped work on Murmansk LNG-related contracts because of pressure under the US sanctions régime.[7]

In July 2024 it was revealed that when the plant begins operation in 2027, it will have a capacity of 6.8MTPA, out of a planned 20.8MTPA.[8]

Notes and References

  1. Web site: MALTE . HUMPERT . High North News . Putin Green-lights Novatek's Massive Murmansk LNG Project . 10 October 2023.
  2. Web site: Murmansk LNG Liquefaction Terminal, Russia. August 25, 2023.
  3. Web site: Кабмин включил проект "Мурманский СПГ" в Энергостратегию до 2035 года. TACC.
  4. Web site: Novatek presents operation schedule for Murmansk LNG terminal through 2033. interfax.com.
  5. News: Sergei . Titov . Russian Gas Tycoon Hires Putin's Daughter's Beau For Murmansk LNG Project . Radio Free Europe/Radio Liberty .
  6. Web site: U.S. Targets Future Russian Energy Projects in Arctic in New Round of Sanctions. Text Malte. Humpert. www.highnorthnews.com.
  7. Web site: G Captain: Exit of Chinese Yard Stops Work at Russia's Arctic LNG 2, Murmansk LNG Delayed Indefinitely. July 11, 2024. www.poten.com.
  8. Web site: Novatek's Murmansk LNG Project to Initially Have Two Lines Per Year. July 29, 2024. MarineLink.