Russia's largest independent natural gas producer, Novatek, has announced that the estimated cost of building a LNG plant in the Arctic will be around $ 10 billion. Interestingly, earlier forecasts indicated even greater cost.
The construction of new installations for liquefying natural gas Arctic LNG 2 will be carried out over several years. The plant will be built on the Gydan Peninsula at the Salmanovskoye field in Russia. Proved gas reserves are at least 257 billion m3 of gas. In addition to this, the oil reserve is about 56.5 million tons. The analysis shows that there can be up to 20 billion m3 of gas on the peninsula and in its vicinity.
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Metallurgy news
- 24 July 2026
23:00 Arequipa's net profit in the second quarter of 2026 increased by 34.5% amid improved operating performance 21:00 Samarco's sales in the second quarter of 2026 were up 23 percent compared to the first quarter of 2026, but will remain 1 percent lower than in 2025. 21:00 The United States will conduct full reviews of the PC market from 15 countries 20:00 Exports of sheet metal coils from the United States in May 2026 decreased by 2.1 percent compared to April 20:00 CRC imports to the United States in May 2026 decreased by 10.4 percent compared to April 16:00 Tangshan announces short-term steel production cuts 16:00 Vietnam's railway infrastructure development plans open up new opportunities for domestic steelmakers 15:00 Kumba iron ore production and sales fell in H1 2026
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