Russia’s Novatek Slashes Gas Output at Sanctioned Arctic LNG 2

The Arctic LNG 2 project in Russia, which Western sanctions have hit in recent months, significantly reduced its production of natural gas in May as it hasn’t exported any LNG yet, a source with knowledge of output data told Reuters on Tuesday.   Arctic LNG 2, in which Russian gas producer and LNG exporter Novatek has 60%, extracted 55 million cubic meters of natural gas in May, down from 215 million cubic meters in April, according to Reuters’s source. Located in the Gydan Peninsula in the Arctic, the Arctic LNG 2 project…