Novatek

The Kremlin’s agreement to settle payment enables the equity transfer to be finalized.

QatarEnergy’s acquisition of a 30% interest in E&P blocks offshore Lebanon with TotalEnergies and Eni expands the company’s East Med portfolio while enabling the Emirate to help mediate Beirut’s longstanding political and economic crisis.

New well on the Gydan Peninsula strikes gas and condensate.

Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.

The license covers exploration and development of area fields for next 27 years.

The newbuilds are slated for delivery in 2024.

Yamal LNG Resource, a subsidiary of Russia’s Novatek, has won exploration and production licenses to expand its Arctic resource base for sustained long-term growth of its LNG business.

Russia’s second-largest gas producer plans to raise $11 billion with the help of China, Japan, and Europe.

The meeting with project partners comes less than a month after Mammoet was awarded an unloading, transportation, and installation contract.

The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.