Novatek signs framework agreement with Technip, Linde and NIPIGas

Under the agreement, all parties have agreed upon the main conditions for the design and development of future LNG plants based on gravity-based structures for Arctic LNG 2, as well as subsequent Novatek LNG projects.

In addition to this, Novatek signed a license agreement with Linde AG to purchase Linde’s license on natural gas liquefaction technology for the Arctic LNG 2 project.

Leonid Mikhelson, the Chairman of NOVATEK’s Management Board, said: “At Yamal LNG we have gained unique competencies regarding LNG projects. Capitalising on these competencies we have chosen a new technical design concept for our next LNG project. The framework agreements we have signed today allow us to significantly improve the economics on our next LNG projects, thus making our products competitive in any market.”