Russia’s Novatek Sells LNG Cargo for July Delivery

Russia’s Novatek has sold a liquefied natural gas (LNG) cargo for delivery in the second half of July, three industry sources said on Tuesday, Reuters reported.

The company sold the cargo at above $2.50 per million British thermal units (mmBtu), one of the sources said.

The buyer was likely PetroChina, a second source said. Novatek operates the Yamal LNG production plant in Arctic Russia.

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