Friday, November 24, 2017

Saipem Looks to Novatek's Arctic LNG 2 Project Role

Posted by July 17, 2017

Italian energy contractor Saipem is expected to get a contract to build gravity-based platforms to liquefy natural gas at the Arctic LNG 2 facility, the second project of its kind by Russian gas producer Novatek (NVTK.ME) , four sources said.

Aiming to become as big as Qatar by LNG volumes produced, Novatek is drawing up plans to build its second LNG plant which it intends to locate on the Gydan Peninsula that juts into the Kara Sea.

Reporting by Katya Golubkova and Denis Pinchuk 

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