Related Articles
Forward article link
Share PDF with colleagues

Novatek targets huge Arctic gas resources

The firm intends to become one of the world's largest LNG producers by 2030 via projects in the inhospitable Arctic environment

Russia's Novatek has established itself as a major player on the global LNG stage with its Yamal LNG project. And if its Arctic LNG 2 goes ahead as planned, it will become one of the world's biggest producers, with nameplate capacity of 37mn t/yr, in the first half of the 2020s. But the firm has ambitions beyond that, as CFO Mark Gyetvay tells Petroleum Economist. PE: What projects do you see beyond Arctic LNG 2? MG: We are blessed with a huge conventional natural gas resource base that is relatively easy to extract. Russia's domestic market is not growing, so our monetisation strategy is to export this gas. Gazprom has decided to do it via pipeline. Novatek has decided to move forward wi

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Malaysia sweetens upstream deals
7 May 2021
The country is taking measures to encourage IOC interest in its latest licensing round
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video