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>

<< Jun 2018 >>
MTWTFSS
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 1

Offshore Energy Exhibition & Conference 2018

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

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >

Gastech Exhibition & Conference 2018

The leading exhibition and conference for the global gas, LNG and energy industries.

read more >