Novatek Proceeds With Arctic LNG 2 Despite New Sanctions on Russia

Despite increased sanctions pressure from the West, Russia’s LNG developer and exporter Novatek prepares to begin delivery of the equipment and structure for the second stage of its Arctic LNG 2 project at the end of July, Reuters reported on Thursday, quoting sources with knowledge of the plans. The deliveries of the foundation structures, the so-called gravity-based structures (GBS), will begin between July 22 and 25 from a plant in the Murmansk region, according to one of Reuters’ sources.  Novatek’s Arctic LNG…