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Novatek is building a LNG plant in Siberia with an investment of $ 21.3 billion



Novatek's CEO, Leonid Mihelson, the company's global liquefied natural gas (LNG) company, has decided to invest management's final investment in the Arctic LNG 2 plant for $ 21.3 billion, according to the company Russian natural gas company Novatek. Bugün Today we approved the recent investment decision for our second largest LNG project, the Arctic LNG 2, and have taken another important step towards becoming one of the largest LNG producers in the world. 19

PROJECT 2023

Arctic LNG 2 is the second LNG production project of Novatek after Yamal LNG. The project, which will produce 19.8 million cubic meters of LNG per year, is scheduled to go into operation by 2023.

PARTNERSHIPS

In the project, the Japanese JOGMEC company owned 1

0 percent, the Chinese CNPC and the Japanese Mitsui consortium 10 percent CNODC holds 10 percent, French TOTAL 10 percent, and Novatek 60 percent Percent.


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