LNG

Novatek keeps its options open

The independent Russian player is looking to plug the gap in the global LNG market when supplies tighten in the early 2020s The independent Russian player is looking to plug the gap in the global LNG market when supplies tighten in the early 2020s.
By The Wildcat 24 August 2018 0 32284
Leonid Mikhelson, Novatek’s chief executive. (PA)

Novatek’s chief executive, Leonid Mikhelson, has made no secret of his ambition to become a major player on the global LNG stage. Mikhelson is eyeing total production of more than 55 mtpa by 2030 from Novatek’s existing and future liquefaction facilities inside the Arctic Circle. If he achieves it, the privately owned company would rank third behind Qatar and Australia as one of the world’s top LNG producers.

Novatek has so far given no indication that the move will be beyond it. Having delivered the first...