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

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

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 gCaptain along with the original URL (https://gcaptain.com/russias-arctic-lng-2-delivers-first-cargo-to-china-after-year-long-wait-signaling-possible-shift-in-beijings-sanctions-stance/). Taiyo standardizes official data into a consistent, searchable project profile.

Arctic LNG 2 Project

Sector: LNG • Location: Russia

Source: gCaptain

Project

Operational With Ongoing Deliveries

The Arctic LNG 2 project is a $21 billion venture located on the Gydan Peninsula in northwest Siberia, majority-owned by Novatek. It is designed to supply up to 19.8 million tonnes of LNG annually once fully operational, strengthening Russia's role as a major global gas exporter. The project has faced challenges due to U.S. sanctions imposed in late 2023, which affected its ability to place cargoe

Status: Operational with ongoing deliveries
Sector: LNG, Natural Gas
Location: Russia
Updated: 22 Jul 2026
Source: gCaptain

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

Participants

Company

Status

Original status	operational with ongoing deliveries
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Arctic LNG 2 project is a $21 billion venture located on the Gydan Peninsula in northwest Siberia, majority-owned by Novatek. It is designed to supply up to 19.8 million tonnes of LNG annually once fully operational, strengthening Russia's role as a major global gas exporter. The project has faced challenges due to U.S. sanctions imposed in late 2023, which affected its ability to place cargoes abroad. However, in August 2025, the project delivered its first cargo to China, marking a significant milestone.
Original sector	Energy
Budget

Location

Country

Russia

Source

Source	gCaptain
URL

More Details

Record type	Project
Sector	LNG, Natural Gas
Article published date	2025-09-16

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