Novatek Advances Despite TotalEnergies' Retreat

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  • The LNG expansion plans of Russian gas independent Novatek look well on track despite Western sanctions and the partial withdrawal of shareholder TotalEnergies.

  • Sanctions create hurdles but have also incentivized Novatek to develop its own liquefaction technology, which will score the company more points in the Kremlin.

  • Decarbonization remains a strategic priority for Novatek, as it sticks to plans to make LNG “greener” and seeks equipment suppliers for an Arctic wind project.

The Issue

Corporate Strategy , Earnings, LNG Projects, Gas Supply, Ukraine Crisis
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