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Russia's Novatek Arctic LNG 2 project on track

6/12/2020

Novatek says progress for the Arctic LNG 2 project is estimated at 19%, with concrete casting of the first GBS platform estimated to be completed by 37%, despite the COVID-19 outbreak.

Updates on the project were given during a meeting attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanne (TOTAL), Dai Houliang (CNPC), Wang Dongjin (CNOOC), Tatsuo Yasunaga (Mitsui) and Tetsuhiro Hosono (JOGMEC).

The partners expressed confidence that the project will commence on time based on the current progress. In addition, significant progress has been made in contracting LNG volumes from the project.

(Reporting by Vladimir Soldatkin, editing by Louise Heavens)