LNG

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of the delayed Arctic LNG II venture, has reported positive operating data for the second quarter of 2024 amid continued Western sanctions.

European Union countries have bought a record 8.93 million tonnes of liquefied natural gas cargoes from Russia in the year to April, beating the previous record set through to December 2022 of 8.80MT of shipments.