Novatek seeks Saudi Aramco as partner in Arctic LNG-2

Thursday, 22 February 2018

Novatek is interested in Saudi Aramco joining the Arctic LNG-2 plant as a partner, the Russian gas producer’s head Leonid Mikhelson said on Thursday, highlighting growing ties between Russia and Saudi Arabia. Both countries have been instrumental in implementing a global pact on cutting oil production by almost 1.8 million barrels per day. Novatek and its partners started producing liquefied natural gas at the Yamal LNG project last year. Novatek is headed by Mikhelson, who is ranked as ...

Lebanon signs deal with three international oil companies

Friday, 9 February 2018

Lebanon has signed a deal with an international consortium to start exploratory offshore drilling for oil and gas in what the country hopes will help boost its struggling economy. The signing ceremony was held on Friday in Beirut and was attended by President Michel Aoun and officials from the three oil companies, Italy's Eni, France’s Total and Russia’s Novatek. The agreement came two months after Lebanon’s government approved the licenses for the international consortium to ...

Lebanon gives go-ahead to first offshore energy exploration

Thursday, 14 December 2017

Lebanon’s cabinet approved a bid on Thursday by a consortium of France’s Total, Italy’s ENI and Russia’s Novatek, in the country’s much-delayed first oil and gas offshore licensing round, a government source told Reuters. Exploratory drilling is expected to start at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said in a statement. “Congratulations to the Lebanese people on the passing of the oil decree and on Lebanon entering the club of ...

Russia’s Novatek aims to topple Qatar from LNG top spot

Friday, 23 June 2017

Russian gas producer Novatek aims to topple Qatar as the world’s biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about US sanctions on the sector. The country’s largest non-state gas producer is expected to start exporting LNG from the first phase of the Yamal project, situated far above the Arctic circle, towards the end of this year and may bring forward its final stage by six months, CFO ...

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