LNG

Sept 19 (LNGJ) - Russian natural gas and LNG producer Novatek has boosted the changes of its Arctic II LNG joint venture progressing by making two new discoveries in the Utrenneye field in the Gydan Peninsula in Siberia. The existing Yamal LNG plant operator said the discoveries are estimated at 405 billion cubic metres of natural gas and 40 million tons of gas condensate and would further underpin a new liquefaction and export plant in the region. The resources are within the Utrenneye licence area owned by the Arctic LNG II project. “The new deposits expand the reserve potential of the field and open additional opportunities for implementing the Arctic LNG II project,” said Novatek Chairman Leonid Mikhelson.