Russia’s Novatek Gives Deep Discounts to Sell Sanctioned LNG to Chinese Buyers, Sources Say

Russian liquefied natural gas producer Novatek has slashed the prices of its cargoes by 30% to 40% since August to entice Chinese buyers to purchase sanctioned gas from its Arctic LNG 2 project, sources familiar with the matter told Reuters. The purchases have ended the commercial limbo for the $21-billion project, which is subject to … Read more