Russia’s Arctic LNG Defies Sanctions as China Keeps the Gas Flowing

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Why This Matters

Russia's Arctic LNG 2 project continues to operate despite US and European sanctions, with China receiving the first cargo of 2026 from the project, indicating a strong demand for Russian gas.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Russia and China seem unfazed by the U.S. and European sanctions on Russia’s Arctic LNG 2 project as deliveries continue into the new year. The Chinese Beihai LNG terminal has welcomed the first cargo of 2026 from the Russian project, Reuters reported on Monday, citing data from LSEG. The Buran LNG carrier loaded LNG from a floating storage unit near Murmansk on December 25 and has traveled via the Suez Canal route to China, according to the LSEG data. The Arctic LNG 2 operator, Russia’s Novatek, has started using the Suez Canal route…

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Original article published by OilPrice.com on January 26, 2026.
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