This briefing equips LNG market analysts, sanctions compliance professionals, and energy security specialists with critical intelligence on one of the most closely watched energy projects under international sanctions.
An overview of Arctic LNG 2, recent developments, cargo loadings, and the arrival of train two
Detailed analysis and evidence of AIS spoofing activities
Projections for Arctic LNG 2 - with expectations for trains two and three, as well as key vessels to monitor

Ana Subasic is a trade risk analyst at Kpler, where she combines energy market fundamentals, geopolitical analysis, and legal investigation to assess emerging trade risks, structures and sanctions circumvention. After joining Kpler in 2022 as an LNG market analyst, she transitioned into Risk and Compliance in 2025 to strengthen the team’s forward-looking analytical capabilities on a the cross-commodity scale. Her work focuses on shadow and dark trade investigations, including breaking intelligence and insights into high-risk commodity flows. Ana serves as a key voice within Risk and Compliance, translating regulatory developments, sanctions dynamics, and geopolitical shifts into structured assessments and actionable intelligence for clients.