Novatek to tie up Saudi Aramco as Arctic LNG-2 project partner

Novatek to tie up Saudi Aramco as Arctic LNG-2 project partner
Image courtesy of Novatek

Russian LNG export player Novatek is looking to bring Saudi Aramco onboard its second liquefied natural gas export project proposed for the Arctic. 

Novatek’s chief executive, Leonid Mikhelson, said the company is looking to bring Saudi Aramco onboard the Arctic LNG-2 project proposed for the Gydan peninsula, Reuters reports.

Comments came following the memorandum of understanding signed earlier this month, that will see the companies cooperate on international projects including LNG.

Novatek started exporting liquefied natural gas from its Yamal LNG project in December and is planning to develop the second project in the Russian Arctic, however, the production capacity has been bumped up from the previously planned 16.5 mtpa to 19.8 million tons per year.

The project is expected to start exporting in 2022-2023.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >