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Russia's Novatek to increase gas output by 10pc in 2019 -Interfax

Published January 24, 2019 Updated January 24, 2019 02:37pm
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By Fawad MaqsoodReuters
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MOSCOW: Novatek, Russia's largest non-state gas producer, will increase gas output in 2019, by 10 percent and liquid hydrocarbons production by 2 percent, the Interfax news agency cited the company's CEO as saying on Thursday.

CEO Leonid Mikhelson also said Novatek has signed contracts for a quarter of the investment needed in its Arctic LNG-2 project.

France's Total may take part in a project to build an LNG terminal in Murmansk, he was also quoted as saying.

Novatek increased its natural gas output to 68.81 billion cubic metres in 2018.

Copyright Reuters, 2019

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