“This (meeting) may not only be decisive for Ukraine but also for the fate of Russian sanctions and economic development between the two nations. It may not be surprising if Russia would open discussion on Arctic LNG 2, as it’s clearest link to LNG markets,” said Klaas Dozeman, market analyst at Brainchild Commodity Intelligence.
Sanctioned by the United States, Russia’s 19.8 million tons per annum (mtpa) Arctic LNG 2 terminal has had two of its three trains installed and could quickly add to global supply if sanctions were loosened.
Conversely, Russia’s Yamal and Sakhalin LNG export terminals export about 30 mtpa and could be subject to future sanctions if those were bolstered, said Martin Senior, head of LNG pricing at Argus.