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China keeps Arctic LNG 2 alive while Rosneft bets big on Vostok Oil
['Charles Digges']
Bellona.org
These two stories dominate Bellona’s June Arctic Digest, highlighting both the resilience—and the growing constraints—of Russia’s Arctic energy strategy.
Arctic LNG 2 finds a lifeline in ChinaAfter months of uncertainty, Arctic LNG 2 has begun to establish something resembling a stable export system.
Rather than sporadic shipments, Arctic LNG 2 is conducting regular deliveries to China, which has effectively become the project’s sole customer.
At the same time, Bellona argues that because China has become Arctic LNG 2’s only customer, demand alone will not justify Russia’s plans for additional Arctic LNG plants.
Vostok Oil presses head—but questions remainElsewhere in the Russian Arctic, Rosneft continues pushing ahead with Vostok Oil, its flagship effort to transform northern Krasnoyarsk into what CEO Igor Sechin has called a world-class oil production cluster.