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NOVATEK & Severgroup Sign Memorandum On Strategic Partnership And Cooperation

Gasoil News - Published on Mon, 10 Jun 2019

Image Source: novatek.ru
Saint-Petersburg International Economic Forum, PAO NOVATEK and Severgroup signed a Memorandum on Strategic Partnership and Cooperation. According to the Memorandum, the parties intend to cooperate on supplying materials and equipment for NOVATEK’s projects, including equipment for gas liquefaction trains. The document contains the basic principles of long-term cooperation, including the reservation of production capacities to ensure timely supplies.

Mr Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said that “Our development strategy involves implementing large-scale LNG projects in the Arctic region with the participation of Russian equipment and materials manufacturers. The Memorandum expands our mutually beneficial cooperation with Severgroup, contributing to the development of technologies for the LNG industry in Russia.”

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Posted By : Rabi Wangkhem on Mon, 10 Jun 2019
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