NOVATEK will increase LNG production with participation of international partners
14:38 19 февраля 2018
Категории: News in English
NOVATEK and the national oil company of Saudi Arabia — Saudi Aramco signed the Memorandum of understanding.
The document establishes agreements of the sides on development of international cooperation and fulfillment of joint investments in gas industry, including deliveries and development of LNG markets, joint participation in LNG projects and projects in the sphere of geological prospecting and extraction of gas and also scientific and technical elaborations, as the press-center of NOVATEK informs.
The head of the Board of NOVATEK Leonid Mikhelson comments: “We see big prospects for mutually profitable strategic partnership with Saudi Arabia. Our company possesses high-quality natural gas reserves and unique experience in fulfillment of LNG projects in the Russian Arctic region”. As he notes, the strategy of NOVATEK foresees increase in amounts of LNG production at a rapid pace with participation of international partners, and the company welcomes interest of such significant company in the world as Saudi Aramco in cooperation on global gas markets.
NOVATEK is one of the largest independent natural gas producers in Russia. Since 1994 the company has been engaged in exploration, production, processing and sale of gas and liquid hydrocarbons. Its extractive fields and license areas are located mainly in Yamal-Nenets Autonomous Okrug.