Russia’s largest independent natural gas producer, Novatek, expects its recently added gas field licenses will provide enough gas to warrant the construction of a third large liquefied natural gas (LNG) plant in Russia, Novatek’s chief executive Leonid Mikhelson said on Thursday. Novatek will have “the necessary resource base for another LNG project of the size of Arctic LNG 2” from the three gas production licenses on the Gydan peninsula within two years, Mikhelson said, as carried by Reuters. At the end of August, Novatek said it had won the auction for the geological survey, exploration, and production license for the subsoil area including the Soletsko-Khanaveyskoye field on the Gydan peninsula in the Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources of 16 billion barrels of oil equivalent according to the Russian resource classification system, the company said. The resources would be enough for a third LNG plant […]