Expansion at the state’s expense: Novatek as a driving engine of the Russian LNG sector
Expansion at the state’s expense: Novatek as a driving engine of the Russian LNG sector
Author(s): Szymon Kardaś
Subject(s): Economic policy
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Russian LNG sector
Summary/Abstract: A deal for France’s Total to acquire a 10% stake in the Arctic LNG 2 project for US$2.55 billion was struck on 24 May during the International Economic Forum in Saint Petersburg. This project envisages the construction of a natural gas liquefaction plant on the Gydan Peninsula and is being implemented by Novatek, Russia’s largest private natural gas producer. In December 2017, the company launched the first production line of an LNG terminal on the Yamal Peninsula – the Yamal LNG project. In addition to this, Gazprom and Rosneft have confirmed their intention to implement their own LNG projects.
Series: OSW Commentary
- Page Count: 8
- Publication Year: 2018
- Language: English
- Content File-PDF