Loading...
Loading...
lng-supply-deal-signed-by-novatek-and-zhejiang-energy
lng-supply-deal-signed-by-novatek-and-zhejiang-energy

LNG supply deal signed by NOVATEK and Zhejiang Energy

0

Russian gas producer, NOVATEK, has signed a deal with Chinese energy company, Zhejiang, for the long-term supply of LNG form the Arctic LNG 2 project.

The 15-year agreement builds upon the MOU signed by both parties in 2019. During the length of the agreement, the LNG will be delivered on a DES basis from the Arctic LNG 2 project to Zhejiang Energy’s LNG terminals in China at a rate of one million tonnes per year.

 Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said, “The agreement is consistent with our commercial LNG strategy to diversify our client base and target end consumers in the rapidly developing Asian Pacific market.”

“The fast-growing Chinese market is a key region in our LNG marketing strategy, and we plan to further increase our supplies of cleaner-burning LNG to assist China in reaching its net zero targets by 2060.”

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...
-->