"China Buying Stake in Novatek’s Arctic LNG 2"

In Q3 2008 Gazprom got to third place on the worldwide market cap league tables (FT Global 500 had them at #4 in Q1 '08).
I'm starting to wonder how high up the leader board Novatek can climb.
Although far from the top ten or even the top 100, their pipes are a lot less leaky than Gazprom's.*

From World Maritime News, April 25:

Russian gas producer Novatek has entered into agreements with two Chinese companies, allowing them to buy into the Arctic LNG 2 project.

China National Oil and Gas Exploration and Development Company (CNODC), a subsidiary of China National Petroleum Corporation (CNPC), and China National Offshore Oil Corporation (CNOOC) will each acquire a 10 percent stake under the agreements signed at the Second Belt and Road Forum for International Cooperation in Beijing.

“The agreement is an important milestone in our Arctic LNG 2 project implementation as well as a continuation of our successful cooperation with CNPC,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board.

“We are very glad that CNOOC has joined our Arctic LNG 2 project as our new partner, since China represents one of the key consuming markets for our LNG sales,” he said in a separate statement, adding that Arctic LNG 2 would be a game-changer in the global gas market....MORE

*November 2007:
Fixing Leaky Gas Pipes Seen as Next CO2 Grab