European Union LNG imports from Russia remain steady but may rise when second Arctic plant comes on stream
The European Union reduced imports of pipeline gas from Russia five-fold in 2023, while its purchases of Russian liquefied natural gas cargoes increased by around 38 percent from the Novatek-operated Yamal export plant in Northern Siberia and could rise further in 2024.
Russia’s Novatek boosts second-quarter sales including LNG to the European Union as output increases
Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II set to start up by early 2024, has reported positive operating data for the second quarter of 2023 as it continued to supply cargoes to the European Union.
Novatek signs Arctic LNG supply accords with Zhejiang Energy of China and commodities firm Glencore
Novatek, the Russian natural gas developer of the Arctic LNG II project, has concluded two initial liquefied natural gas supply accords with global commodities firm Glencore and with China’s Zhejiang Energy Gas Group.
Cosco Shipping of China orders three more LNG carriers from Hudong-Zhonghua shipyard
Cosco Shipping Energy Transportation, the Chinese shipping line with more than 30 liquefied natural gas carriers in it fleet, said it approved a plan to order three more LNG carriers.
