Your Portal for Key Energy Information and Research

Russian May Not Supply State Funding to Novatek in 2020

By Criterion Research
December 2, 2019 -

The Russian Finance Ministry has opted not to include capital for Novatek's 2020 upstream plans in the latest draft of their budget.  Novatak has been asking for $1.9 billion for the Utrenneye LNG terminal in the Arctic North while threatening that the Arctic 2 LNG Project could face delays due to a lack of state funding.

Novatek also wants state support for $330 million in LNG reloading terminals but the finance minister is wary due to LNG prices dropping to their lowest level in years.  


... View Original Article ...

Entities
PAO Novatek

Projects
Arctic LNG 2 (subscriber access)
Ob LNG Export Terminal (subscriber access)

Categories
Oil and Gas
LNG

Commodities
Financial
Natural Gas

Tags
Capital Projects
Capital Spending
LNG Exports

Regions
Russia

Countries
Russia

Related News

Novatek Wins Bidding... (subscriber access)

Novatek Wins Bidding... (subscriber access)

Novatek Expects to... (subscriber access)

Novatek Requests... (subscriber access)

Wison Offshore Begins... (subscriber access)

Yamal LNG Recieves Full... (subscriber access)

Russian May Not Supply... (subscriber access)

Russian Suspending... (subscriber access)

Yamal LNG Delivers... (subscriber access)

Yamal LNG Delivers... (subscriber access)