Russia’s Novatek to double gas output by 2020
12/9/2011 12:00:00 AM
By JACOB GRONHOLT-PEDERSEN
Russian independent natural gas producer OAO Novatek expects to more than double output to around 115 billion cubic meters a year by 2020, the company said Friday.
Novatek also plans to increase its share of the Russian market to 14% by 2020 from 8% now, it said at a 10-year strategy presentation.
The company added that capital spending at the Yamal LNG project could reach between $18 billion and $20 billion.
Dow Jones Newswires
Comments