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NOVATEK & Fluxys apply for establishment of a JV in Rostock, Germany

Logistic News - Published on Fri, 21 Sep 2018

Image Source: Interfax Global Energy
PAO NOVATEK and Belgian gas transmission company Fluxys have applied for establishment of a joint venture in Rostock, Germany. According to the federal antimonopoly authority of Germany, the application was submitted on 7 September 2018. The joint venture is to deal with the storage of liquefied natural gas (LNG).

Meanwhile, PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project.

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Posted By : Joykumar Irom on Fri, 21 Sep 2018
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