Arctic LNG 2 has Sufficient Participation Interests

The China National Petroleum Corporation, Mitsui & Co, and Japan Oil, Gas and Metals National Corporation are the participation interests in Arctic LNG 2.

“We now have formed the structure of the project’s participants by successfully closing the sale of interests in Arctic LNG 2,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The target level of NOVATEK’s participation has been reached, allowing us to make the final investment decision.”