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>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >