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Fault at Russia's Sakhalin-2 LNG plant cuts output

Reuters - UK Focus

(Adds no impact expected on Sakhalin's 12-cargo LNG tender)

MOSCOW, Feb 1 (Reuters) - Sakhalin-2, Russia's sole liquefied natural gas (LNG) production plant, has cut production of LNG due to a technical glitch, a spokeswoman for the company told Reuters on Monday.

She (Munich: SOQ.MU - news) said production had been curtailed in order to "optimise the work of the Lunskaya production platform". She declined to comment on the scale of the production cut.

A trader with knowledge of the matter said Sakhalin-2 had declared force majeure on exports and that a few spot LNG cargo loadings may be deferred to a later date.

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The trader added that an LNG tender issued by the project to sell 12 cargoes for delivery between April (LSE: 0N69.L - news) and March 2017 would likely be unaffected by the disruption.

(Reporting by Vladimir Soldatkin; additional reporting by Oleg Vukmanovic in Milan and Sarah McFarlane in London; editing by Alexander Smith and Susan Thomas)