Technip Energies reports jump in revenues and profits while managing LNG market evolution and sanctions
Technip Energies, the leading energy and LNG project company with contracts at leading global ventures including in Arctic Russia, offshore Africa and in Mexico, reported a jump in first-quarter revenues and profits.
Russia expects Chinese financing deal soon for Arctic LNG project and settling of Yamal LNG tax dispute
Russia's Deputy Prime Minister Alexander Novak said he expected Chinese banks to sign financing deals for the Arctic LNG II export project already under construction on the Gydan Peninsula in northern Siberia and was also seeking the resolution of a tax dispute involving China at the Yamal LNG plant.
LNG will be close to meeting Northern Sea Route 2024 traffic targets but coal and oil fall short
The Russian government has reduced its target for energy cargo transportation to China and Asian nations by the Northern Sea Route with only shipments of LNG close to meeting projected volumes and cargoes of coal and oil falling short.
