Arctic LNG 2 Expansion Delayed to 2028 Amid Sanctions Pressure

Russia's Novatek has once again hit a snag with its Arctic LNG 2 project, postponing the start of its third line from 2026 to 2028, according to RBC Media. This delay is a direct consequence of the Western sanctions imposed due to Russia's ongoing conflict with Ukraine. These sanctions have significantly restricted Novatek's access to vital equipment and ice-class tankers, which are critical for the project's operation in the frigid Arctic conditions. Arctic LNG 2 was poised to be a game-changer for Russia's LNG ambitions, with plans to produce…