The Company Novatek may end up finishing project on its own selling LNG on spot price once finished...but for today's info:
Foreign shareholders freeze participation in Russia's Arctic LNG 2 -KommersantBy Vladimir SoldatkinDecember 26, 20231:19 AM GMT+13Updated 6 hours ago
https://www.reuters.com/business/energy/foreign-shareholders-suspend-participation-russias-arctic-lng-2-project-2023-12-25/
"China National Petroleum Corp (CNPC) each have a 10% stake in the project, which is controlled by Novatek (NVTK.MM), Russia's largest LNG producer and owner of a 60% stake in the project.Kommersant, citing unnamed sources in the Russian government, said both Chinese companies, together with France's TotalEnergies (TTEF.PA) and a consortium of Japan's Mitsui and Co (8031.T) and JOGMEC - which also have a 10% stake each - declared force majeure on participation"
The Company Novatek may end up finishing project on its own...
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