Novatek Sells $3 Billion Arctic LNG 2 Stake to Japan's Mitsui

GALWAY, IRELAND--July 10, 2019--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Russia's largest private gas producer, Novatek, has agreed to sell a 10% stake in the massive $21 billion Arctic 2 liquefied natural gas (LNG) project on the Gydan Peninsula within the Arctic Circle to Japan's Mitsui & Company Limited (Tokyo).

Within this article: Details contract value, partners, project costs, estimates and deadlines