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NOVATEK-Murmansk Signed Agreement with Far East Development Corporation

Gasoil News - Published on Tue, 02 Jun 2020

Image Source: NOVATEK-Murmansk
PAO NOVATEK announced that OOO NOVATEK-Murmansk, a wholly owned subsidiary, and the Far East Development Corporation signed an Agreement on operating in the territory of the Advanced Special Economic Zone Capital of the Arctic. According to the Agreement, OOO NOVATEK-Murmansk will obtain resident status at the Advanced Special Economic Zone – an economic area with preferential tax conditions and simplified administrative procedures aimed at attracting investment, accelerating economic development and improving the life of the population.

NOVATEK’s Chairman of the Management Board Leonid Mikhelson said “Obtaining resident status of the “Capital of the Arctic” ASEZ will accelerate the implementation of one of the largest investment projects in the Murmansk region, the LNG Construction Center. This will facilitate economic growth in the region to attract social investments and improve the well-being of the local population, where NOVATEK is creating the technological platform to implement our large-scale LNG projects in the Arctic.”

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Posted By : Yogender Pancholi on Tue, 02 Jun 2020
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