Competing in the global liquefied natural gas (LNG) race, Russia’s largest independent gas producer, Novatek, France’s Total and the other project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major LNG development located on Russia’s Gydan peninsula.

According to Total, the project will have a production capacity of 19.8 million tonnes per year and is expected to export its first cargo of the super chilled fuel by 2023, the second and third train to start...

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