China National Petroleum Corporation acquisition of 10% stake in Arctic LNG 2 project

Overview:

• China National Petroleum Corporation has agreed to acquire a 10% stake in the Arctic LNG 2 project.
• The project is located offshore from northwest Siberia, and involves the construction of three LNG trains with a planned capacity of 19.8 mmtpa. Production is expected to begin in 2022-23.

Prin Shasiharan - Researcher