Regional focus

E. Gerden, Contributing Writer Novatek, Russia’s largest independent natural gas producer, plans to invest up to $11 B in the large-scale Arctic LNG 2 project. The project involves the construction of an LNG plant on the Gydan Peninsula—a geographical feature of the Siberian coast of the Kara Sea (Fig. 1). Fig. 1. The new Arctic LNG 2 plant will be built on the shores of the Kara Sea, part of the Arctic Ocean north of Siberia. The company is conducting preliminary design work for the project, which was previously threatened with cancellation by the imposition of Western sanctions on Russia. However, the Russian government’s promise to support Novatek’s first LNG pro