May 24, 2018 / 11:55 AM / 4 months ago

Novatek to make investment decision on Arctic LNG-2 project in the second half of 2019

ST PETERSBURG, Russia (Reuters) - Russian natural gas producer Novatek could make a decision in the second half of 2019 on investments in the Arctic LNG-2 project which it is running, Novatek CEO Leonid Mikhelson said on Thursday.

Mikhelson also said Italy’s Saipem planned to take part in a tender to build a drilling platform for the project, and that Novatek was also continuing talks with Saudi Arabia about its possible participation in the project.

Reporting by Oksana Kobzeva; Writing by Tom Balmforth; Editing by Vladimir Soldatkin

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