Recently, the Portovi floating LNG transfer terminal crossed the Baltic Sea under the escort of a frigate and sailed towards Murmansk, with plans to arrive at its destination on August 22. This 277 meter long dock has left the Baltic LNG plant for the first time since its commissioning in 2022, and is returning north in sync with multiple LNG transport ships of the project.

The fleet mobilization this time coincides with the peak of navigation in the Northern Sea Route, and all vessels involved are on the sanction list. The current Arctic LNG2 project has an annual production capacity of 13.2 million tons, and the existing transportation capacity cannot fully transport the capacity, facing a serious shortage of transportation capacity.

However, the Baltic Sea Delta LNG plant, which has been sanctioned, has idle production capacity and only exports a small amount of LNG. This fleet dispatch may fill the capacity gap of the Arctic project and open up a stable export channel for Russian LNG to China.