Russian gas independent's profits drop as sanctions bite

Earnings at country's largest gas producer hit by inability to generate revenues from its Arctic LNG 2 project

Novatek executive board chairman Leonid Mikhelson.
Novatek executive board chairman Leonid Mikhelson.Photo: REUTERS/SCANPIX
Published 1 August 2025, 10:16Updated 1 August 2025, 10:51
NovatekRussiaArctic LNG 2Q2 2025 EarningsEurope