LNG

Novatek confirms it is in talks with Saudi Aramco on Arctic LNG 2

Novatek's Mark Gyetvay has confirmed that the Russian company is in talks with Saudi Aramco regarding investment in the Arctic LNG 2 project.
By Staff reporter 9 October 2018 0 32835

Novatek's Chief Financial Officer and Deputy Chairman Mark Gyetvay has confirmed that the Russian company is in talks with Saudi Aramco  regarding potential investment in the Arctic LNG 2 project.

"I can say that they have been in our boardroom," Gyetvay told the Oil & Money conference in London on Tuesday. "[Aramco] is very interested in our Arctic LNG 2 project," he added.

Gyetvay said Novatek would prefer to take an FID on the project once a consortium of partners is formed....