Novatek (NVTK) Seeks Spot Arctic LNG 2 Deals as Buyers Want Flexibility

Russia’s top producer of liquefied natural gas, Novatek PJSC, aims to sell large volumes from its future Arctic LNG 2 project on the spot market, as buyers across the globe move away from long-term supply deals. 

“Consumers want to have more flexibility,” Chief Executive Officer Leonid Mikhelson said during a call with investors Thursday. “We definitely plan to keep a significant…