Russia's Arctic LNG-2 project to be launched in 2023 -Novatek CEO

  • Reuters
  • Commodities News
Russia's Arctic LNG-2 project to be launched in 2023 -Novatek CEO

VLADIVOSTOK, Russia, Sept 5 (Reuters) - Russia's liquefied natural gas project Arctic LNG-2 is expected to be launched in 2023, Novatek CEO Leonid Mikhelson said on Thursday.

Speaking to reporters at an economic forum in the Russian far eastern city of Vladivostok, Mikhelson said a second line of the project would be opened one year after the projected launch.

Participants in the project signed a final investment decision earlier on Thursday. project, led by Russia's biggest private gas producer Novatek NVTK.MM , includes French energy producer Total TOTF.PA , China National Petroleum Corp CNPET.UL , China's CNOOC Ltd 0883.HK and the Japan Arctic LNG consortium.

The Japanese consortium is a partnership of Mitsui & Co 8031.T and state-owned JOGMEC, formally known as Japan Oil, Gas and Metals National Corp.

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