NOVATEK is ready to consider the sale of up to 30% in the project for the production of liquefied natural gas" Arctic LNG-2 " of the national oil company of Saudi Arabia Saudi Aramco. This was stated by the head of the company Alexey Miller, reports TASS. NOVATEK expects cooperation on favorable terms, he said. "If all goes well, we will consider," Michelson said.

The head of NOVATEK also discussed this issue with the Minister of energy, industry and mineral resources of Saudi Arabia Khaled al-Faleh. In the coming months, the parties can reach specific conditions for the participation of Saudi Aramco in Arctic LNG-2, Michelson stressed.

In October 2018, al-falih announced that Arctic LNG-2 would become part of Saudi Aramco's gas strategy. In the same month, the head of the Russian direct investment Fund Kirill Dmitriev said that Saudi Arabia can invest in the project about $5 billion NOVATEK plans to leave under its control 60% in the "Arctic LNG-2", the remaining 40% offered to foreign investors. In early March, NOVATEK closed a deal with French Total for the sale of 10% in this project. Total acquired 10%, based on an estimate of the entire project of $25.5 billion, that is, for about $2.55 billion (an agreement on this was reached in may 2018 during the St. Petersburg economic forum). But then Michelson said that this is an assessment at the initial stage of the project. In January 2019, he estimated it at $45 billion.In early March, NOVATEK closed a deal with French Total for the sale of 10% in this project. Total acquired 10%, based on an estimate of the entire project of $25.5 billion, that is, for about $2.55 billion (an agreement on this was reached in may 2018 during the St. Petersburg economic forum). But then Michelson said that this is an assessment at the initial stage of the project. In January 2019, he estimated it at $45 billion.