Russia’s Arctic LNG 2 Plant Halts Amid Tightening US Sanctions

Russia’s sanctioned Arctic LNG 2 plant has stopped liquefying natural gas as western bans are restricting its options to ship and sell cargoes, according to people familiar with the situation.

Commercial liquefaction at the facility was halted due to high inventories as the plant cannot freely export cargoes, said the people, asking not to be named discussing information that isn’t public.

The facility located near the Arctic Circle has become a target of several waves of western sanctions in the past year. The restrictions imposed by the US and its allies over the Kremlin’s invasion in Ukraine restricted Arctic LNG ...