Commodities
Novatek Sets Sights on Vietnam for LNG Exports Amid EU Market Slide
Russian energy giant Novatek is set to expand its global presence by exporting liquefied natural gas (LNG) to Vietnam. According to a report from Energy Intelligence, this move comes as the company's flagship Yamal LNG plant faces declining access to the European market.
Novatek expects regular exports to Vietnam to commence in 2027. This development marks a significant step in boosting energy ties between Russia and Vietnam.