TOKYO -- Japanese trading house Mitsui & Co. told Nikkei on Saturday that it is in talks to buy a stake in Novatek's Arctic LNG 2 project, as it weighs various investments in Russian gas developments.
The Russian gas company aims to start operations at Arctic LNG 2 around 2022 or 2023, producing about 19.8 million tons of liquefied natural gas a year. It has already sold a 10% stake in the project to French oil major Total in order to help cover its estimated $25.5 billion in costs.
