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Russia Tries Again to Expand LNG Exports Upended by Sanctions

Bloomberg · last updated

Russia is taking another crack at expanding exports of liquefied natural gas after US sanctions stalled efforts last year.

An LNG vessel has docked at the Arctic LNG 2 export facility for the first time since October, according to ship-tracking data compiled by Bloomberg and satellite images. The facility was supposed to be a cornerstone of Moscow’s goal to increase LNG exports threefold by 2030, but has been idle for months after struggling to find buyers willing to break western restrictions.