Tag Archives: Leonid Mikhelson

Despite the impact of COVID-19, the implementation of the Arctic LNG 2 project has been progressing, Russia’s largest independent gas producer Novatek has said. “Currently, the overall progress for the Project is estimated at 19%, with concrete casting of the first GBS platform estimated to be completed by 37%,” Novatek …

Novatek, the largest private natural gas supplier in Russia, has said it will have sufficient gas reserves to add a $10bn LNG plant to its processing complex in northwest Siberia, and that it plans to build a series of transshipment complexes. The company began producing LNG at its Yamal plant …

In 2023 the Novatek CEO also plans to launch the first train of Arctic LNG 2.

The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.

Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.

The U.S. has already threatened sanctions on the Nord Stream 2 natural gas pipeline currently under construction in Europe.

Chinese companies are investing in the development of Novatec’s LNG projects in the Arctic region of the Russian Federation.

Russia’s largest private natural gas company. Novatek. secured vital funding for its Arctic LNG 2 plant.

Novatek became Russia’s top LNG producer after starting up its plant in the Yamal peninsula almost two years ago.