Putin launches major Arctic liquified natural gas project

Putin launches major Arctic liquified natural gas project

Russian President Vladimir Putin on Thursday launched the primary a part of Arctic LNG 2, a large liquified pure gasoline (LNG) mission at Murmansk, within the Arctic.

Arctic LNG 2 is considered one of Russia’s key initiatives in its drive to open a northern maritime route linking Asia and Europe, one thing made attainable by world warming and the ensuing melting of the glaciers.

“I request authorisation to begin transport operations at sea,” an operator stated through the launch ceremony broadcast on tv.

“Permission granted,” Putin replied, activating the lever, as Leonid Mikhelson, the chairman of gasoline big Novatek stood beside him.

The mission, which has an estimated price of $21 billion, goals to attain a manufacturing capability of 19.8 million tonnes of LNG a 12 months, utilizing three manufacturing traces.

French vitality big TotalEnergies had been linked to the mission however in 2022 introduced it was pulling out after Russia launched its navy operation in Ukraine.

Novatek controls 60 % of the mission, and its companions are China’s CNPC and CNOOC, in addition to Japan Arctic LNG.

Moscow hopes that this route will in time have the ability to compete with the Suez Canal as a route for transporting hydrocarbons.

Source: www.anews.com.tr