MOSCOW, December 21 Novatek notified buyers of force majeure regarding future supplies of liquefied natural gas from Arctic LNG — 2 «, Reuters reported, citing sources.
sent a request to Novatek.
Arctic LNG 2 is Novatek's second large-scale liquefied natural gas production project after Yamal LNG. Resource base: Utrenneye field in the Yamal-Nenets Autonomous Okrug. The project plans to build three technological lines with a capacity of 6.6 million tons each (19.8 million tons of LNG per year). Its participants are Novatek (60%), French Total (10%), Chinese CNOOC (10%), a subsidiary of Chinese CNPC — CNODC (10%) and a consortium of Japanese Mitsui & Co and Japan Oil, Gas and Metals National Corporation JOGMEC — Japan Arctic LNG (10%).
The US Treasury Department imposed restrictions on Arctic LNG 2 LLC in early November. The head of the Novatek company, which is implementing the project, regarded the restrictive measures as an assessment of “our professionalism.”
In turn, the Financial Times newspaper, citing experts, reported that these sanctions could lead to disruptions in global energy markets.