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Russia’s Novatek Ramps Up LNG Exports Despite Sanctions

Summary by Oil Price
Russian Novatek is loading a new LNG cargo from its Arctic LNG 2, a heavily sanctioned facility that was only completed recently, while under sanctions. This is the tenth cargo of liquefied gas since June, Bloomberg reported. Arctic LNG 2 began liquefying gas in late 2023, which was the year the Biden administration imposed sanctions on the facility in a bid to pressure Russia’s key energy industry. The European Union has also sanctioned Novatek…

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Oil Price broke the news in London, United Kingdom on Tuesday, October 14, 2025.
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