13DEC2017 - NEWS - Novatek's investment in LNG projects

In a strategy Presentation on Tuesday, Russia's Novatek announced to spend around $48 bn by 2030 on LNG projects in the Arctic, aiming to become a largest supplier. Novatek is planning to involve foreign investors in to the projects. The company has planned to create a major LNG production centre in the Russian Arctic zone which is expected to start in 2023.