Putin launches first part of Arctic LNG 2, a massive liquified natural gas project at Murmansk, in the Arctic — one of Russia's key projects in its drive to open a northern maritime route linking Asia and Europe
Moscow hopes that this route will in time, be able to compete with the Suez Canal as a route for transporting hydrocarbons. / Photo: Reuters
"I request authorisation to begin transport operations at sea," an operator said during the launch ceremony broadcast on television on Thursday. "LNG projects are very important. They allow us to conquer share on global LNG market, to develop related sectors ... There are reasons to believe that Arctic LNG 2 will be implemented on time," Putin said in televised comments.
French energy giant TotalEnergies had been linked to the project, but in 2022 announced it was pulling out after Russia launched its"military operation" in Ukraine.
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