The OPEC of natural gas, the GECF, held a meeting in Doha in Qatar to launch its annual outlook as the Qataris pledged to advance with their liquefied natural expansion plans and said the global buildout of renewable energy ventures would complement LNG as an alternative to coal.
Novatek, the Russian natural gas company whose Yamal LNG plant started operations just over a year ago, is making progress with its second venture planned for the Gydan Peninsula in the Arctic region with the awarding of another equipment contract.
Saipem, the Italian energy and LNG engineering company, said it is part of a joint venture awarded a contract worth around $2.5 billion for the design and construction of the platform-based Arctic II LNG project being developed by Russian natural gas company Novatek.