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


<< Apr 2020 >>
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 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >