Oil Daily | Arctic LNG 2 Struggles Amid Sanctions; Eni Launches World's Most Powerful Supercomputer

【Others】

Arctic LNG 2, Russia's heavily sanctioned LNG project, is struggling to find buyers. The LNG carrier Pioneer traveled extensively without securing buyers and eventually offloaded the cargo at a Russian storage unit. Sanctions from the U.S., EU, and UK have intensified, challenging Russia's goal to expand global LNG market share.

【Industry News】

Italy's Eni launched the world's most powerful supercomputer outside the U.S. to enhance oil and gas exploration and clean energy applications. Costing over $100 million, it ranks fifth globally. Eni diverges from peers by using proprietary tech while adopting a 'satellite strategy' for low-carbon initiatives and oil asset management.