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  • 18-03-19

    Saudi Arabia, Novatek in talks over LNG project

    (MENAFN) Saudi Arabia's Oil Minister Khalid Al-Falih was revealed to have entered talks with Russia's Novatek chief executive Leonid Mikhelson.

    Negotiations between the two sides were revolving around the Arctic LNG 2 project, with the chief executive revealing that "a deal could be expected soon."

    Speaking to media, Mikhelson confirmed "we are in talks with Saudi Aramco (on the Arctic LNG 2 project). I think we will get something concrete in coming months."

    He further added that following the commencement of the anticipated project, international prices of liquefied natural gas (LNG) are likely to remain the same.

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