Novatek close to deal with Saudi Aramco on Arctic LNG 2 project - CEO

Novatek close to deal with Saudi Aramco on Arctic LNG 2 project - CEO
FILE PHOTO: An Aramco employee walks near oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Copyright Ahmed Jadallah(Reuters)
Copyright Ahmed Jadallah(Reuters)
By Reuters
Share this articleComments
Share this articleClose Button

MOSCOW (Reuters) - Leonid Mikhelson, chief executive of Russian gas giant Novatek, said on Sunday he had discussed the company's Arctic LNG 2 project with Saudi oil minister Khalid al-Falih and that a deal could be expected soon.

"We are in talks with Saudi Aramco (on the Arctic LNG 2 project). I think we will get something concrete in coming months," Mikhelson said, adding that he did not expect global liquefied natural gas (LNG) prices to change after the project's launch.

Speaking on the sidelines of a meeting of OPEC members and other major oil exporters in Baku, Mikhelson also said that the so-called 'gas OPEC' - a loose organisation of global leading producers of natural gas - would strengthen on the global energy markets.

(Reporting by Vladimir Soldatkin; Writing by Polina Ivanova, Editing by William Maclean)

Share this articleComments

You might also like