Latest news
NOVATEK and RWE join in on LNG supply and decarbonisation
Novatek, Russia’s natural gas producer, and RWE Supply & Trading, the trading unit of German utility RWE, have signed a memorandum of understanding (MoU) to cooperate on LNG supply and decarbonisation.
read more... 08/12/2021
Russia's Novatek brings forward start date for Arctic LNG 2's third train to 2025
Russia's Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson said May 17, earlier than previous guidance of 2026.
read more... 18/05/2021
Novatek plans to put up 60% in Arctic LNG 2 as collateral for financing
Russian largest liquefied natural gas producer Novatek said on Monday it plans to put up its 60% stake in Arctic LNG 2 project as collateral for long-term financing of the project.
read more... 06/04/2021
Novatek sees LNG supply shortfall by 2030
LNG supply could fall short by about 150mn t/yr by the end of this decade without additional FIDs, an issue that "needs to be addressed", Novatek chief financial officer Mark Gyetvay said at the virtual European Gas Conference.
read more... 10/02/2021
Novatek sees LNG supply shortfall by 2030
A lack of new financial investment decisions (FIDs) and growing worldwide demand could lead to an LNG supply shortfall by the end of this decade, Russian firm Novatek said.
read more... 27/01/2021