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Arctic LNG

Articles from Arctic LNG

Novatek Discovery Boosts Natural Gas Reserves for Arctic LNG 1

LNG

Novatek Discovery Boosts Natural Gas Reserves for Arctic LNG 1

PAO Novatek has discovered a prolific natural gas and condensate field it plans to use to boost the resource base for its Arctic LNG 1 project as it furthers its goal of growing Russian exports. Novatek, Russia’s largest independent natural gas producer, reported it has found a field on the Gydan Peninsula in the far…

December 21, 2022
Novatek’s LNG Export Projects Hit by Global Sanctions Against Russia

LNG

Novatek’s LNG Export Projects Hit by Global Sanctions Against Russia

Russia’s largest independent gas producer, PAO Novatek, is struggling with its two liquefied natural gas (LNG) projects in the country’s Far North under the latest European sanctions imposed against Russia.   Novatek’s first operating export facility, Yamal LNG, is finding it difficult to secure European buyers. And the delay in the construction of its second project,…

May 25, 2022