LNG

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II currently still under threat from Western sanctions imposed because of the Ukraine invasion, has reported operating data for the first quarter of 2023 as it continued to supply cargoes to the European Union.

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.