CORPORATE STRATEGY

Novatek Advances Despite TotalEnergies' Retreat

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
LNG,Construction,Russia,Plant
Novatek
  • 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

Topics:
Corporate Strategy , Earnings, LNG Projects, Gas Supply, Ukraine Crisis
Wanda Ad #2 (article footer)
#
New findings from Kroll and Deloitte speak to the complex and contradictory investor signals oil and gas companies must navigate, but the disconnects are crucial to understand.
Tue, Sep 19, 2023
Despite the challenges, TotalEnergies and Equinor see enough promise in Brazil's offshore wind sector to join Petrobras in pursuing investment opportunities.
Thu, Sep 21, 2023
Tellurian Executive Chairman Charif Souki is organizing a standalone financing for his company's upstream division.
Thu, Sep 21, 2023