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Novatek has agreed to sell a 10% interest share in the Arctic LNG 2 project to CNOOC and another 10% interest share to China National Oil and Gas Exploration and Development Company (CNODC), a China National Petroleum Corporation (CNPC) subsidiary.

Arctic LNG 2 is being developed on the Gydan Peninsula in the Russian Arctic region by Novatek. In May 2018, Total, which already owns a 19% stake in Novatek and takes part to its Yamal LNG plant in Russia, committed to acquiring a 10% working interest in the Arctic LNG-2 project.

Upon completion, Arctic LNG 2 will consist of three liquefaction trains of 6.6 Mt/year capacity each, with a total capacity of approximately 19.8 Mt/year. The final investment decision could be made as early as mid-2019, with the first train expected to start up by the end of 2023. Arctic LNG 2 will unlock 2P reserves of 1,138 bcm of gas and 57 Mt of liquids from the onshore Utrenneye gas and condensate field.

Brazilian power generation and transmission company Neoenergia, a subsidiary of the global utility Iberdrola, has called a general shareholders meeting to approve the company’s listing on the domestic stock market.

The European Council (EC) has announced that EEA EFTA (European Economic Area European Free Trade Association) states, namely Iceland, Liechtenstein and Norway, will be able to auction their emission allowances on the common auction platform of the EU Emissions Trading System (EU ETS) as of June 2019. …

According to the United States Energy Information Administration (EIA), exports of domestic petroleum total petroleum products reached an annual average of 5.6 mb/d in 2018, which is about 366,000 bbl/d more than in 2017 (+7%). Petroleum products export increase for the sixteenth consecutive year.

Japan’s Nuclear Regulation Authority (NRA) has announced it does not plan on extending the deadlines for nuclear reactors to meet the new counterterrorism requirements. …

According Ocean Energy Europe, marine installed capacity in Europe has reached the 40 MW mark in 2018 (26.8 MW tidal stream and 11.3 MW wave). …

The Solar Energy Corporation of India (SECI) has recently decided to extend the deadline for bids on the 1.2 GW wind-solar hybrid power projects tranche II tender to 5 May 2019. The previous deadline was set to 23 April 2019 but as the tender was undersubscribed by almost 50%, therefore the extension was inevitable.

The Tanzanian government has issued an advance payment worth approximately US$310m to the Egyptian company- Arab Contractors for the construction of he 2,096 MW (2,140 MW gross) Rufiji …