SCO & BRICS latest news and insights
NOVATEK has once again revised the composition of key equipment for the power supply of the Arctic LNG-2 plant under construction. Instead of procuring machines from the Chinese Harbin Guanghan Gas Turbine, which may not meet the deadline, the company has ordered three GTE-170 units from Power Machi...
By Rhod Mackenzie
According to Kommersant, NOVATEK will not be able to start shipping LNG from the Arctic LNG-2 project before March, waiting until the project fleet is replenished with at least one Arc7 ice-class LNG tanker. US sanctions are significantly slowing the project, with buyers so far r...
By Rhod Mackenzie
The Western media alleges that purchasing gas from the recently established Russian Arctic LNG-2 facility is too risky as it might attract American sanctions. The Financial Times examined the implications of the new American sanctions on Arctic LNG-2. Nonetheless, it is premature...
By Rhod Mackenzie
Russia is increasing the number of companies permitted to export its natural gas. Gazprom was the sole exporter for many years until Novatek was added due to its LNG from Yamal a decade ago. With the new law, another exporter of Russian gas is added and plus Novatek's capabilitie...
By Rhod Mackenzie
Amidst the acrimonious standoff between Russia and the collective West, Gazprom lost the major portion of its European gas market, accounting for up to 40% of its revenue in times of peace. The challenge now is to ponder over two options: replace the lost Western exports with tho...
