Home Novatek not interested in Fortum’s Russia assets, CEO says

Novatek not interested in Fortum’s Russia assets, CEO says

Leonid Mikhelson also said the Arctic LNG-2 project would launch next year.

By Reuters September 7, 2022

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Participants walk past the stand of Novatek company during the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia on June 2, 2021. (Evgenia Novozhenina / Reuters File Photo)

Finnish energy company Fortum sign is seen at their headquarters in Espoo, Finland on July 17, 2018. (Ints Kalnins / Reuters File Photo)

VLADIVOSTOK — Russian gas company Novatek said on Wednesday it does not want to acquire the Russian assets of Finland’s Fortum, and that France’s TotalEnergies was set to stay actively involved in the Russian energy industry.

CEO Leonid Mikhelson said TotalEnergies were interested in the Yamal LNG and Arctic LNG 2 projects to exploit Russia’s liquefied natural gas reserves.

Speaking at an economic forum in Vladivostok, Mikhelson said the Arctic LNG 2 project would launch next year.

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Novatek not interested in Fortum’s Russia assets, CEO says

Leonid Mikhelson also said the Arctic LNG-2 project would launch next year.

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