LNG

Novatek to invest nearly $48 bln in LNG by 2030

Russia’s Novatek estimates that it will invest RUB 2.5-2.8 trillion ($42.5-47.6 billion) in LNG projects until 2030.
By Staff reporter 12 December 2017 0 28752

Russia’s Novatek estimates that it will invest RUB 2.5-2.8 trillion ($42.5-47.6 billion) in LNG projects until 2030, Chief Financial Officer Mark Gyetvay said in a strategy presentation on Tuesday.

Gyetvay said Novatek plans to bring foreign investors in to the projects. French major Total, China National Petroleum Corp. and China’s Silk Road Fund are partners in Yamal LNG, Novatek’s first LNG project, which was launched at the start of December.

Slides shown by Novatek at the presentation showed Russia would be producing over 80 mt of...