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NOVATEK & CNOOC sign entrance agreement to Arctic LNG 2

Gasoil News - Published on Tue, 30 Apr 2019

Image Source: Offshore Energy Today
PAO NOVATEK announced at the Second Belt and Road Forum for International Cooperation that NOVATEK and CNOOC Ltd have signed a binding agreement on the acquisition by CNOOC of a 10% participation interest in the Arctic LNG 2 project.

Mr Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said that “We are very glad that CNOOC has joined our Arctic LNG 2 project as our new partner, since China represents one of the key consuming markets for our LNG sales. Arctic LNG 2 will be a game-changer in the global gas market, and our proven track record to successfully build an LNG facility in the Arctic zone, combined with a proven logistical model with access to prospective markets and large hydrocarbon resource base will ensure the successful implementation of this world class project.”

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Posted By : Rabi Wangkhem on Tue, 30 Apr 2019
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