Novatek is aiming to become a global liquefied natural gas player within the next 15 years despite the current inability to raise project financing in the West due to US and European sanctions against the country.

Russia’s largest independent gas producer is “researching existing and new markets” to pre-allocate between 20 million and 30 million tonnes of LNG per year that it hopes to eventually deliver from gas fields on the Gydan Peninsula in West Siberia, chairman Leonid Mikhelson said on the sidelines of the World Gas Conference in Paris.

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