XOM - A Bullish Case For Novatek
Novatek plans to have 60 million tons in annual LNG export capacity by 2030 and it looks like it has the means, motivation, and support to do it, positioning itself among the largest LNG exporters globally amid a consistent increase in demand.
When three months ago Russia’s largest private gas company Novatek (NOVKY) surpassed state giant Gazprom (OGZPY) in market capitalization, it probably came as a surprise to some. Others, who have been watching the LNG scene more closely would have said it was only to be expected.
The 60-Million-Ton LNG Bet
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