Novatek looks to sell Yamal LNG Stake

Novatek is in discussions with Asia-based companies on the sale of a stake in the Yamal LNG project, Mark Gyetvay, its chief financial officer, said on Wednesday.

"We're still discussing a potential sell down of 9 percent but right now there's no decision," said Gyetvay, adding that although the discussions were with a couple of Asia-based companies, Indian companies were no longer part of those discussions.

The second-largest Russian gas producer plans to revise down its liquid gas production in the next week or two after a fire at its SeverEnergia venture curbed output.

"We'll still be in double digit growth for liquids but they're clearly going to be adjusted with the fire," Gyetvay said.

Reporting by Sarah McFarlane