Utilization will decline in the coming weeks as ice conditions on the Northern Sea Route deteriorate. The facility must acquire additional conventional tankers to perform winter ship-to-ship transfers near Murmansk to maintain shipment levels through the colder months.
Tuesday, October 20, 2026
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Arctic LNG 2 Hits Record September Loadings Via Shadow Fleet
Commodities16 days ago
The sanctioned Arctic LNG 2 project transported 1.3 million tonnes of liquefied natural gas across the third quarter. These volumes, which reached a record high in September, represent approximately 80% utilization of one of the project's two operational trains. Novatek increased shipments by taking advantage of the summer navigation window and adding several tankers to a shadow fleet used to evade sanctions.
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