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NOVATEK signed MoU with Saudi Aramco

Gasoil News - Published on Wed, 21 Feb 2018

Image Source: rogtecmagazine.com
PAO NOVATEK has signed a MoU with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.

Mr Leonid Mikhelson, NOVATEK’s Chairman of Management Board, said that "We see a wide array of exciting and mutually beneficial energy opportunities to cooperate with Saudi Arabia. Our company owns one of the world’s largest high-quality, low-cost conventional gas reserve base and has gained unique and valuable experience of developing LNG-projects in the Russian Arctic area. NOVATEK’s strategy envisages rapidly growing our LNG production and attracting international partners, and, accordingly, we welcome the interest of such a globally important company as Saudi Aramco to jointly collaborate with us in gas markets.”

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Posted By : Nanda Koijam on Wed, 21 Feb 2018
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