Russia’s Novatek registers new Arctic LNG licence

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By Mirza Duran Russian independent LNG export player Novatek has registered a new licence to underpin its liquefied natural gas expansion activities in the Arctic.

Novatek’s unit Arctic LNG 1 registered licence number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy licence area on the Gydan peninsula.

Novatek operates the giant Yamal LNG project but is also building its second export project in the Arctic on the Gydan peninsula across the straight from the LNG plant on the Yamal peninsula.

Novatek is also looking to build more LNG export facilities in the area.

The new licence area is partially located in the

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