Novatek forms Murmansk LNG unit

January 9, 2024/in /by Rudolf Huber

Where will the gas for this project come from? Cant be an existing gas supply because Russians will be short of gas pretty soon if they don’t develop some very large fields very fast. The old fields are depleting quickly. But there is Shtokman. Offshore in the Barents Sea, it’s a super large field. Just the kind of field Russia needs right now. So perfect. But wait. Gazprom had shelved the gas project more than a decade ago because it was deemed excessively expensive. 600km offshore with icebergs constantly plowing the seafloor. Sounds like fun. Or maybe Novatek is not really serious. Wink, wink

Russian LNG producer Novatek has formed a new unit to develop its planned Murmansk liquefied natural gas (LNG) export project.

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