What is the latest status of the project “Arctic LNG 2 Project”?

The status recorded for “Arctic LNG 2 Project” is operational with sales.

Who are the main government, EPC, and private stakeholders for “Arctic LNG 2 Project”?

Taiyo maps the stakeholders of “Arctic LNG 2 Project”: EPCs/contractors (Novatek).

What is the budget and commercial profile for the project “Arctic LNG 2 Project”?

Taiyo normalizes the budget of “Arctic LNG 2 Project” to USD 21000000000.

Where can I verify the source and access all details for “Arctic LNG 2 Project”?

This Taiyo project page references Baird Maritime along with the original URL (https://www.bairdmaritime.com/amp/story/shipping/tankers/gas/feature-novatek-gives-deep-discounts-to-sell-sanctioned-lng-to-chinese-buyers). Taiyo standardizes official data into a consistent, searchable project profile.

Arctic LNG 2 Project

Sector: Natural Gas • Location: Russia

Source: Baird Maritime

Project

Operational With Sales

The Arctic LNG 2 project is a $21 billion Russian liquefied natural gas (LNG) production plant operated by Novatek. It started producing LNG in December 2023 but faced commercial challenges due to sanctions imposed by the US and Europe. Since August 2025, Novatek has been selling LNG cargoes at deep discounts to Chinese buyers, ending the commercial limbo. The project is co-owned by Novatek and in

Status: Operational with sales
Sector: Natural Gas, LNG, Seaport, Oil and Gas, Commercial
Location: Russia
Updated: 22 Jul 2026
Source: Baird Maritime

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Project Information

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The project “Arctic LNG 2 Project” is an infrastructure initiative in the Natural Gas sector, located in Russia. Taiyo aggregates data on it from Baird Maritime.

Participants

Company

Status

Original status	operational with sales
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Arctic LNG 2 project is a $21 billion Russian liquefied natural gas (LNG) production plant operated by Novatek. It started producing LNG in December 2023 but faced commercial challenges due to sanctions imposed by the US and Europe. Since August 2025, Novatek has been selling LNG cargoes at deep discounts to Chinese buyers, ending the commercial limbo. The project is co-owned by Novatek and includes stakes held by China National Petroleum Corporation and China National Offshore Oil Corporation.
Original sector	Energy
Budget

Location

Country

Russia

Source

Source	Baird Maritime
URL

More Details

Record type	Project
Sector	Natural Gas, LNG, Seaport, Oil and Gas, Commercial
Article published date	2025-11-21

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