LNG

Novatek, the main shareholder in the Yamal LNG export project in Siberia and one of Russia’s largest natural gas producers, confirmed that Saudi Arabia’s energy company, Saudi Aramco, was interested in joining its Arctic LNG-2 export project as a partner.

Saudi Arabia and Russia are expected to sign an accord during talks in Riyadh for investments in three major energy projects, including possible Saudi participation in a second LNG export project being developed in the Siberia region of Arctic Russia.