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Russia’s Novatek to increase gas output by 10 pct in 2019 -Interfax

Novatek, Russia’s largest non-state gas producer, will increase gas output in 2019 by 10 percent and liquid hydrocarbons production by 2 percent, the Interfax news agency cited the company’s CEO as saying on Thursday.

CEO Leonid Mikhelson also said Novatek has signed contracts for a quarter of the investment needed in its Arctic LNG-2 project.

France’s Total may take part in a project to build an LNG terminal in Murmansk, he was also quoted as saying.

Novatek increased its natural gas output to 68.81 billion cubic metres in 2018.
Source: Reuters (Reporting by Maxim Rodionov; Writing by Tom Balmforth; Editing by Tom Hogue)

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