30 September 2010
Novatek advances in the Arctic
Having demonstrated the viability of tanker exports to the Pacific around Russia's Arctic coast, Novatek should reap the rewards at the Yamal LNG project, writes NJ Watson
IT WAS not Novatek's second-quarter financial results that pushed its shares to record highs in August, but the company's, and Russia's, first oil tanker to sail the frozen Arctic route to the Pacific Ocean. On 17 August, Russia's largest independent gas producer sent a consignment of gas condensate from the port of Murmansk, in Russia's extreme northwest, to the Asia-Pacific region across the Arctic Ocean's Northern Sea Route (formerly known as the Northeast Passage). On 6 September, the consignment, for China National Offshore Oil Company, arrived at the Chinese port of Ningbo. The 22-day journey was about "half the time required by the traditional shipping route through the Suez Canal",
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
