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Arctic Ice Halts LNG Ship at Novatek’s Sanctioned Arctic Project
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Why This Matters
Arctic ice has halted an LNG carrier, the Buran, from loading a cargo at Novatek's Arctic LNG 2 plant, citing ship-tracking data. This incident may impact the project's operations and potentially lead to delays in LNG deliveries. The Buran is also under U.S. sanctions, adding complexity to the situation.
Market Impact
Market impact analysis based on bearish sentiment with 69% confidence.
Sentiment
Bearish
AI Confidence
69%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Advancing ice has prevented an LNG carrier from loading a cargo at Novatek’s Arctic LNG 2 plant, Bloomberg reported today, citing ship-tracking data. The Buran, an Arc4 ice-class vessel that can move through icy waters, but up to a point, set off for the Arctic LNG 2 project on the Gydan Peninsula in Western Siberia last month. It reached the Gulf of Bo, where it circled for a while before apparently giving up and set off back to Murmansk. The Buran is under U.S. sanctions. Earlier reports said loading cargoes from Novatek’s Siberian…
Original article published by
OilPrice.com
on December 15, 2025.
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