Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in 2024. This compares to 78.63 bcm in 2023, which makes
In addition, Novatek is working on the sanctioned Arctic LNG-2 export plant, but reports suggest that the company is not producing LNG at this facility due to sanctions by the US and the EU related to the project.
In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.
The company completed the second GBS despite sanctions.
The first GBS left the Belokamenka yard in July 2023 and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.
The first and second GBS each have a capacity of about 6.6 mtpa.
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