Novatek to increase gas output by 10 pct this year

 Novatek to increase gas output by 10 pct this year

Novatek, Russia’s largest non-state gas producer, will increase gas output in 2019 by 10% and liquid hydrocarbons production by 2%, the company’s CEO Leonid Mikhelson said.

"Novatek has signed contracts for a quarter of the investment needed in its Arctic LNG-2 project," Interfax cited him as saying.

According to Mikhelson, France’s Total may take part in a project to build an LNG terminal in Murmansk.

Novatek increased its natural gas output to 68.81 billion cubic metres in 2018, Reuters reported.

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