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…

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News Source: https://www.bloomberg.com/news/articles/2022-02-17/novatek-seeks-spot-arctic-lng-2-deals-as-buyers-want-flexibility

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