LNG

Novatek, the Russian natural gas developer of the Arctic LNG II project, has concluded two important agreements on offtake from the facility coming on stream in 2023 while selling a stake to French major Total in its cargo trans-shipment subsidiary.

An area off the coast of Russia to the north of the port of Murmansk in the Barents Sea is being prepared by Russian natural gas company Novatek and the authorities for Yamal LNG trans-shipments for the winter supply season when the Northern Sea Route is closed and extra shipping is also required for high volumes and long shuttle trips.