Arctic LNG 2 hits record output as shadow fleet expands

Russia's Arctic LNG 2 project has achieved record production, nearly doubling August 2025 levels, facilitated by an expanding shadow fleet of tankers. This indicates Moscow's success in circumventing Western sanctions on the project, boosting its LNG export capacity and energy revenues. The development underscores the resilience of Russian energy exports despite sanctions, with implications for global LNG supply and pricing.