Novatek delivering long-term strategy
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Speaking after Russian gas producer Novatek announced that it had given the US$21 billion Arctic LNG 2 project the go-ahead, Wood Mackenzie Senior Analyst Nikolai Novikov commented: “Novatek keeps delivering on its promises and is on schedule with commissioning in 2023.
“This FID brings Novatek closer to its long-term strategy of maximising cost competitiveness across LNG markets and becoming a global LNG player.”
He added: “Novatek played the safety card by ordering the topside modules for Train 1 at Chinese yards. The next steps for Novatek will be contracting the remaining equipment, finalising the financing structure and deciding if it wants to attract a last partner in the project.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/05092019/novatek-delivering-long-term-strategy/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Watlow expands facility in Malaysia
Watlow accelerates growth in Malaysia with expanded facility and long-term commitment to southeast Asia’s industrial development.
