French oil major Total will buy 10% of the Arctic LNG 2 project in Russian from Novatek.
Total has struck a deal to buy a 10% stake in the Arctic LNG 2 project in northern Siberia.
French energy giant Total has entered into an oil and gas field in close proximity to the Israeli-Lebanese border dispute in the Middle East.
Russia today began production from the Yamal LNG project, the country's second liquefied natural gas (LNG) plant.
NOVATEK has signed a LNG deal with the Chinese National Petroleum Company (CNPC).
Russia’s largest independent natural gas producer Novatek has signed a Memorandum of Understanding for the creation of a centre for the construction of large-scale offshore structures in Murmansk.
Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday. The deal may close in the coming weeks, the daily quoted three sources familiar with the talks as saying. It quoted one of source as saying the buyer was China's infrastructure fund Silk Road.
Novatek, Russia's No. 2 gas producer, made second-quarter net profit of 41.9 billion roubles ($703 million), up 31 percent year-on-year on stronger sales, it said on Wednesday. Analysts had expected the firm to post 38 billion roubles in quarterly net profit. The company said its revenues were at 112.2 billion roubles, up from 88.4 billion roubles in the same period last year.