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Eastern Economic Forum

Novatek says investment decision on Murmansk LNG to be taken in 2024

"On Obskiy LNG [an investment decision] will be made in the first half [of 2024], with two lines [to be build there], 3 mln tons each, or around 6 mln tons in total," Leonid Mikhelson said

VLADIVOSTOK, September 12. /TASS/. Novatek may take an investment decision on the Murmansk LNG project in 2024, while the decision on the Obskiy LNG project may be expected in the first half of next year, Chairman of the Management Board Leonid Mikhelson told reporters on the sidelines of the Eastern Economic Forum (EEF).

"Yamal LNG [produces] 20 mln tons, Arctic LNG-2 [produces] 20 mln tons. I expect an investment decision on Murmansk LNG to be made next year, which will add 20 mln tons. On Obskiy LNG [an investment decision] will be made in the first half [of 2024], with two lines [to be build there], 3 mln tons each, or around 6 mln tons in total. This means we will reach 65-66 mln tons in 2023," he said.

The 8th Eastern Economic Forum (EEF) is being held in Vladivostok on September 10-13, 2023. The slogan for this year’s forum is: On the Path to Partnership, Peace and Prosperity. The Roscongress Foundation is the event organizer. TASS is the EEF’s general information partner.

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Eastern Economic Forum

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