Russia to increase LNG exports to China from Arctic and Sakhalin

1/10/2025 17:45

Russia plans to increase LNG exports to China from the Arctic LNG 2 and Sakhalin 2 projects, and "serious joint progress" is underway, Russian Energy Minister Sergei Tsivilev told the Expert magazine.



Despite Western sanctions, Arctic LNG 2, which is 60% owned by Russia's Novatek, has been sending out LNG since last year, with cargoes being delivered to two storage facilities in Russia and the Beihai LNG terminal.



Russia "plans to increase supplies of not only pipeline gas but also liquefied natural gas (LNG) to China, particularly from the Arctic LNG 2 and Sakhalin 2 projects," Tsivilev was quoted as saying by Expert.



"We are making significant joint progress here. Therefore, the prospects for energy cooperation between Russia, India, and China are very good."



Asked about the pricing of gas through the proposed Power of Siberia 2 pipeline, Tsivilev said that was a question for Gazprom and CNPC, though he added that a great deal of work had been done on settlements in national currencies.