Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Novatek in talks to sell stake in Arctic LNG project

08.14.2013  | 

OAO Novatek, is in "advanced talks" on selling a stake in its Arctic liquefied natural gas project to a consortium of foreign companies, Novatek's CFO Mark Gyetvey said without naming the companies.

Keywords:

By JAMES MARSON

MOSCOW -- Russia's OAO Novatek is in "advanced talks" on selling a stake in its Arctic liquefied natural gas project to a consortium of foreign companies, Novatek's CFO Mark Gyetvey said.

Speaking on a conference call, Mr. Gyetvey did not name the companies.

Novatek in June signed a framework agreement to sell a 20% stake in the Yamal LNG project to China National Petroleum Corp.

Total holds a 20% stake in the project, which is set to produce its first gas in 2017.

Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


66%

34%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.