WebApr 1, 2024 · More than 90 percent of Russia’s natural gas resources are in the Yamal-Nenets region where Novatek has its current production facility at Sabetta. Illustration: Novatek. The resource base for Arctic LNG 2 is the Utrennye field, located off the coast of the Gydan Peninsula, some 70 kilometers across the Ob Bay from Sabetta. WebMar 4, 2024 · The company will not provide any financing to new natural gas projects in the Russian Arctic. The Arctic LNG also has financing from Japan and China. The Japanese JBIC is providing €1,71...
PAO NOVATEK Business : Project Arctic LNG 2 Arctic LNG 2
WebApr 10, 2024 · It comes in addition to the increase in the profit tax rate for LNG projects to 34% from 2024, which, according to Novatek, jeopardises the financing of the Arctic LNG 2 and Obsky LNG projects. WebSep 5, 2024 · Earlier this year, Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd. and a unit of CNPC. It also sold 10% to a consortium of Japan’s Mitsui & Co. and state-backed Jogmec ... great western highway closed
Japan and France freeze investment in Russia
WebJul 27, 2024 · Novatek has an ambitious target to increase its LNG production from 19 million tonnes (mt) to 40mt in 2026, with the start-up of all Arctic LNG 2 trains, before a further increase to 57mt-70mt by 2030 through additional LNG projects. Access Report Energy and Natural Resources Corporate Finance Global Europe Russia WebDec 16, 2024 · Novatek continues to implement plans til 2030. With Arctic LNG 2 seemingly on schedule, the company will turn its attention to the next project, Arctic LNG 1. Last week it announced the discovery of a new gas field, which would feed Arctic LNG 1. An investment decision for the facility is expected in 2024. After Yamal LNG, which opened in 2024 ... WebMore than two years after Novatek and its partners took a final investment decision on the Arctic LNG 2 terminal, a €9.5 billion (US$10.7 billion) financing package was finalised for … florida mutineers owner