Russia’s Arctic LNG 2 project cut production from its gas fields to almost zero in November after halting liquefaction last month due to Western sanctions, Bloomberg reported on Nov. 12, citing its undisclosed sources. Arctic LNG 2, owned by Russia’s Novatek company, aims to produce almost 20 million metric tons of liquified natural gas (LNG) per year to sell primarily to Asian markets, potentially generating billions of dollars in revenue. It was envisaged as Russia’s largest LNG plant and a flagship project to help the country become the world’s leading LNG producer. The fields supplying the…