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Saudi Aramco ends talks to join Novatek's Arctic LNG-2 project

Gasoil News - Published on Tue, 28 May 2019

Image Source: Offshore Energy Today
The daily Vedomosti newspaper cited four unidentified sources as saying that Saudi Aramco has broken off negotiations with Novatek to join the Russian gas producer's Arctic LNG-2 project as Saudi Aramco was not satisfied with the terms of a potential deal and was also concerned about possible sanction risks from joining the project. Another source was quoted as saying "There is no deal anymore because Novatek gave the stake to China."

Novatek declined to comment for Vedomosti's report. Saudi Aramco did not reply to a Vedomosti request for comment.

Source :

Posted By : Rabi Wangkhem on Tue, 28 May 2019
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