Wood Mackenzie comments on Arctic LNG 2 FID

Published by David Rowlands, Editor
LNG Industry, Thursday, 05 September 2019 13:00

Wood Mackenzie has released a statement commenting on the recent positive final investment decision (FID) taken on the US$21 billion Arctic LNG 2 project.

Wood Mackenzie senior analyst, Nikolai Novikov, said: “Novatek keeps delivering on its promises and is on schedule with commissioning in 2023.

“This FID brings Novatek closer to its long-term strategy of maximising cost competitiveness across LNG markets and becoming a global LNG player.

“Novatek played the safety card by ordering the topside modules for Train 1 at Chinese yards. The next steps for Novatek will be contracting the remaining equipment, finalising the financing structure and deciding if it wants to attract a last partner in the project.”

Read the article online at: https://www.lngindustry.com/liquefaction/05092019/wood-mackenzie-comments-on-arctic-lng-2-fid/

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