Russia’s Ukraine sanctions impact sends oil and gas revenues down while Gazprom heads for $11Bln losses
The Russian Finance Ministry said that that the federation’s oil and gas revenues decreased by 26 percent in the first 10 months of the year amid warnings that natural gas and LNG producer Gazprom was heading for record losses and another gas company Novatek faced financial disruption to its Arctic LNG II project.
Arctic LNG II project modules arrive from China yard at Novatek-Murmansk LNG construction centre in Russia
The modules constructed in China for the first liquefaction Train for the Novatek-led Arctic LNG II project have arrived at the Novatek-Murmansk assembly site in Northern Russian from the Wison shipyard.
World Energy Investment report praises Qatar LNG expansion and expects Russian and US project spending
Global investment in energy is set to rebound by nearly 10 percent during 2021 to $1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, with Qatar and its LNG expansion praised by the International Energy Agency in its annual investment report.
Russian company Novatek sold volumes less than 10 million tonnes of LNG from Yamal plant
Novatek, the Russian natural gas company and operator of the Yamal LNG export plant in northern Siberia, reported preliminary operating data for the year, including global LNG sales of 9.47 million tonnes.
