Novatek has no plans to change the start-up date for the first train of its second large liquefied natural gas project, Arctic LNG 2, despite the oil price crash and coronavirus outbreak.

Speaking at the end of last week in the Russian city of Kostroma, the Russian gas independent's chairman Leonid Mikhelson said that, while global energy markets are "volatile", Arctic LNG 2 is moving ahead “as scheduled and previously announced”.

The first train at the LNG project — Novatek's second in Russia after Yamal LNG — is set to come on line in 2023.