Siemens to provide compressors for Novatek’s Arctic LNG 2 project

Russian company Novatek signed a contract with Siemens for compressor equipment on the Arctic LNG 2 project in northern West Siberia, Russia. The Arctic LNG 2 project is based on the hydrocarbon resources of the Utrenneye field. Novatek is planning to make a final investment decision for the project in 2019, with plans to start up the first train by end 2023. The Arctic 2 LNG project is worth $25.5 billion.