Related Articles
Forward article link
Share PDF with colleagues

Novatek growth threatened by sanctions

The company is experiencing growing pains as it seeks to challenge Gazprom

Novatek is entering a new phase in its evolution from oil-and-gas upstart to one capable of challenging the dominance of the Russian state gas firm Gazprom. Sanctions against Russia and other growing pains threaten to complicate its progress, though. Liquefied natural gas (LNG) is at the heart of Novatek's development from bit player in Russia's gas sector. In 2013, in a major break with the past, the Kremlin decided to partially end Gazprom's monopoly over the gas sector by allowing competitors, namely Novatek and state-run Rosneft, to start exporting LNG. This change will especially benefit Novatek in the shorter term, as it is the most advanced of Russia's gas producers in LNG. The Yama

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad