LNG

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II set to start up by early 2024, has reported positive operating data for the second quarter of 2023 as it continued to supply cargoes to the European Union.

Canadian equity fund Brookfield Asset Management has purchased a 25 percent stake in Dominion Energy Cove Point LNG, the single-Train Maryland plant holding tolling agreements with Indian and Japanese companies. The transaction shows the growing value of US liquefaction and export facilities.