Russia's Murmansk LNG faces years of delays
The start of production at Murmansk LNG, a liquefied natural gas (LNG) project led by Russia's Novatek, has been pushed back by several years, Vedomosti newspaper reported on Wednesday, citing updated government plans.
The reported delay presents another challenge for Russia, which seeks by 2030–2035 to achieve a 20% share of the global LNG market where it competes with Qatar, Australia and the United States.
The Murmansk LNG project is slated to become Russia's largest LNG plant, with eventual output of 20.4 MMtpy. It had been projected to start production at its first two trains by the end of 2027, with a last line scheduled to start in 2029.
Vedomosti said the plant may now start production in 2032, when an LNG loading terminal is also expected to start operations. It did not state reasons for the reported delay.
Russia also faces delays with another large LNG project, Arctic LNG 2, which has been sanctioned by the West over the conflict in Ukraine. It started producing liquefied gas at the end of 2023, but the sanctions have prevented it from delivering cargoes to end-buyers.
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