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Gazprom, Novatek to Build LNG Facility to Boost Asian Exports
Jan. 10, 2013 08:41AM PST
Oil and Gas InvestingReuters reported that, in a move to expand Russian gas companies into the Asian market, Gazprom and Novatek signed a deal which will allow them to build LNG production facilities on the Arctic Yamal peninsula.
Reuters reported that, in a move to expand Russian gas companies into the Asian market, Gazprom and Novatek signed a deal which will allow them to build LNG production facilities on the Arctic Yamal peninsula.
As quoted in the market report:
The new facilities would be near a project already proposed by Novatek to build a 16.5 million tonne LNG facility on Yamal in partnership with Total. The total capacity of both on Yamal would eventually amount to over 30 million tonnes per year.