'Arctic LNG 2 Plant Tripled July Runs In Preparation For Exports; The Facility Processed 28.7M Cubic Meters In July; First Exports From Arctic LNG 2 Happened In Early August' - Bloomberg News
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Russia's Arctic LNG 2 project, led by Novatek PJSC, significantly increased its gas processing in July, reaching 28.7 million cubic meters, in preparation for liquefied-gas exports. This comes despite US sanctions imposed in November. The first exports from the facility occurred in early August.
August 27, 2024 | 4:53 pm
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The Arctic LNG 2 project's increased gas processing and exports may influence natural gas prices, potentially impacting the United States Natural Gas Fund (UNG).
The increase in LNG exports from Arctic LNG 2 could affect global natural gas supply and prices, which may influence the performance of the United States Natural Gas Fund (UNG).
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