Leonid Mikhelson declared superprofitability of spot supply of LNG

Analysts do not expect reduction of prices before the second half of 2023 Spot deliveries the liquefied natural gas (LNG) even small parties now is more profitable, than deliveries than large parties under long-term contracts because of "price superabnormalities", the chairman of the board and the co-owner declared on October 28 PUBLIC JOINT-STOCK COMPANY "NOVATEK" Leonid Mikhelson to journalists within the XV Veronese Euroasian economic forum to Baku. Leonid Mikhelson explained that almost all LNG (16,5 million tons a year) which is made on "Novatek" project PUBLIC JOINT-STOCK COMPANY "NOVATEK" JSC "Yamalo-Nenets Autonomous Okrug SPG", is delivered under long-term contracts. The prices for consumers on...