Novatek Says It Has Enough Gas For Third LNG Plant In Russia

Russia’s largest independent natural gas producer, Novatek, expects its recently added gas field licenses will provide enough gas to warrant the construction of a third large liquefied natural gas (LNG) plant in Russia, Novatek’s chief executive Leonid Mikhelson said on Thursday. Novatek will have “the necessary resource base for another LNG project of the size of Arctic LNG 2” from the three gas production licenses on the Gydan peninsula within two years, Mikhelson said, as carried by Reuters.   At the end of August,…