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| Key Russian LNG plant resumes full-scale production | Key Russian LNG plant resumes full-scale production |
| (about 4 hours later) | |
| Maintenance work at the Sakhalin-2 project has been completed | Maintenance work at the Sakhalin-2 project has been completed |
| The Sakhalin-2 liquefied natural gas (LNG) project in Russia’s Far East has returned to full-scale operations after the completion of planned maintenance work, Gazprom Deputy CEO Vitaly Markelov has confirmed to the Interfax news agency. | |
| Maintenance began in July and involved all the site’s production facilities, according to Markelov. The Sakhalin-2 LNG plant launched production in 2009 and currently has a capacity of 11.5 million tons of LNG annually. | Maintenance began in July and involved all the site’s production facilities, according to Markelov. The Sakhalin-2 LNG plant launched production in 2009 and currently has a capacity of 11.5 million tons of LNG annually. |
| Energy majors including Britain’s Shell opted to leave the project after the West sanctioned Russia over its military operation in Ukraine, although Japan’s Mitsui and Mitsubishi retained their 22.5% combined stake. Other long-term Asian LNG buyers from Sakhalin-2, including South Korea, have continued to import gas from the venture. | Energy majors including Britain’s Shell opted to leave the project after the West sanctioned Russia over its military operation in Ukraine, although Japan’s Mitsui and Mitsubishi retained their 22.5% combined stake. Other long-term Asian LNG buyers from Sakhalin-2, including South Korea, have continued to import gas from the venture. |
| Last year, Japan accounted for 60.6% of all LNG shipments from the Russian plant. South Korea imported 15.8%, China 17.9%, and Taiwan 4.5%, while Indonesia accounted for 1.2% of imports as Russia supplied the country with LNG for the first time. | Last year, Japan accounted for 60.6% of all LNG shipments from the Russian plant. South Korea imported 15.8%, China 17.9%, and Taiwan 4.5%, while Indonesia accounted for 1.2% of imports as Russia supplied the country with LNG for the first time. |
| Russian LNG exports have been steadily growing since the beginning of the year, with demand on the rise in Europe and Asia, according to Russian Energy Minister Nikolay Shulginov. | Russian LNG exports have been steadily growing since the beginning of the year, with demand on the rise in Europe and Asia, according to Russian Energy Minister Nikolay Shulginov. |
| While the EU has banned seaborne exports of Russian oil, LNG is not prohibited by the sanctions. | |
| The latest report by NGO Global Witness showed that EU purchases of Russian LNG surged by 40% between January and July compared to the same period in 2021, and by 1.7% compared to last year. | The latest report by NGO Global Witness showed that EU purchases of Russian LNG surged by 40% between January and July compared to the same period in 2021, and by 1.7% compared to last year. |
| The report indicated that the EU is set to import record volumes of Russian LNG this year, despite the bloc aiming to decouple itself from the country’s fossil fuels industry. | The report indicated that the EU is set to import record volumes of Russian LNG this year, despite the bloc aiming to decouple itself from the country’s fossil fuels industry. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |