China is providing modules for the Arctic LNG 2 project, which is situated in Russia and managed by Novatek.

The entities involved

• Arctic LNG 2 →

  petrochemical mining and LNG production project in the Gydan Peninsula, Yamal Nenetsia

  • Trump proposes a deal with Iran to end war, seeking peace in the Middle East and aiming to open the strategic Strait of Hormuz, while the US plans to destroy Iran's uranium stockpile.Mon 11:52
  • While discussing an agreement to end the U.S. war against Iran, the Arctic LNG 2 project is facing sanctions and receiving military support from allies in Kyiv.Mon 03:34
• Novatek →

  Russian natural gas producer

  • A draft decree has been outlined detailing a new infrastructure funding plan, championed by the President, to support Arctic projects involving Rosneft and Novatek.Thu 20:35

Related events

• Novatek develops Yamal LNG liquefaction plant and ships cargoes to EU seaports, while Arctic LNG 2 cargoes shift to China.Jun 11
• Trump signed a law affecting Russian energy projects, impacting Novatek's specialized Arctic LNG trade.Sep 21
• Russia increased LNG exports to China by 43%, with Arctic LNG 2 driving volume and competition rising in the market.Sep 21
• Hanwha Ocean constructed LNG carriers for Novatek's Arctic LNG 2 project, but deliveries were stalled due to sanctions.Jun 17