No difficulty in pushing forward with Arctic LNG 2 CNOOC’s 2021 oil, gas output exceeds target Targets 1.64 mil-1.67 mil boe/d output in 2022 China’s state-run offshore giant CNOOC said the under-construction Arctic LNG 2 project in Russia was running relatively stable, but the company will rigorously assess risks related to sweeping technological and financial sanctions against Moscow, company chairman Wang Dongjin said March 30. Receive daily email alerts, subscriber notes & personalize your experience. Register Now CNOOC will continue to take a close look at the development of the Russia-Ukraine conflict before making any decision of pulling out investment from the non-OPEC producing country or acquiring more assets. “It is too early to make a decision, while the Russia-Ukraine situation changes all the time, too many uncertainties,” Wang during CNOOC’s 2021 results call. CNOOC has a 10% stake in the 19.8 million mt/year Arctic LNG 2 project, […]