Novatek Arctic LNG project defies US sanctions
Novatek’s Arctic LNG projects are continuing apace, despite Washington’s so-called “bill from hell”
The development of Novatek's still-expanding Yamal liquefied natural gas project has so far proved to be largely immune from Western sanctions. As Asian demand surges, this is bolstering confidence among partners lining up to provide financing for the company's second LNG project on Russia's Arctic coast. Funded by Chinese banks and part-owned by Total, the Yamal project represents the centrepiece of the Kremlin's efforts to develop LNG exports to rival Qatar and the US. In early August, Novatek launched the project's second train even earlier than planned. By January 2019, the company is planning to commence the third and last train. The facility is expected to produce 16.5m tonnes a yea
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
