Russian producer Novatek has announced two new Chinese investors for its Arctic LNG 2 project.

CNOOC has bought a 10% stake in the big new programme, while China National Oil and Gas Exploration and Development Company (CNODC) will also acquire 10%.

CNODC is a unit of China National Petroleum Corporation (CNPC).

They join French major Total, which took a 10% holding last month.