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Major Russian LNG plant resumes full-scale production — RT Business News

The Sakhalin-2 liquefied natural gas (LNG) project in Russia’s Far East has resumed full-scale operations following the completion of planned maintenance work, Gazprom Deputy Director General Vitali Markelov said on Tuesday , to the Interfax news agency.

Maintenance began in July and affected all production facilities on the site, according to Markelov. The Sakhalin-2 LNG plant launched production in 2009 and currently has a capacity of 11.5 million tonnes of LNG per year.

Energy majors including Britain’s Shell opted to pull out of the project after the West sanctioned Russia over its military operation in Ukraine, although Japan’s Mitsui and Mitsubishi retained their combined stake of 22, 5%. Other long-term Asian LNG buyers from Sakhalin-2, including South Korea, continued to import gas from the company.

Last year, Japan accounted for 60.6% of all LNG shipments from the Russian plant. South Korea imported 15.8%, China 17.9% and Taiwan 4.5%, while Indonesia accounted for 1.2% of imports, with Russia supplying the country with LNG for the first time.

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Russian LNG exports have been growing steadily since the start of the year, with demand increasing in Europe and Asia, according to Russian Energy Minister Nikolai Shulginov.

Even though the EU has banned maritime exports of Russian oil, LNG is not banned by sanctions.

The latest report from the NGO Global Witness shows that EU purchases of Russian LNG jumped by 40% between January and July compared to the same period of 2021, and by 1.7% compared to the year. last.

The report said the EU is set to import record volumes of Russian LNG this year, despite the bloc seeking to dissociate itself from the country’s fossil fuel industry.

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