As part of the Saint-Petersburg International Economic Forum, Pao Novatek has announced that it has signed the share purchase agreement with a wholly owned subsidiary of China National Petroleum Corporation (CNPC).
The share purchase agreement is in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.
The agreement will close in the nearest future subject to approval by regulatory authorities of the Russian Federation and the People’s Republic of China.
Read the article online at: https://www.lngindustry.com/liquefaction/10062019/novatek-and-cnpc-sign-arctic-lng-2-agreement/
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The key objectives of these awards are to shine a light on the newcomers and smaller players in the LNG value chain and, in particular, encouraging nominations from resource holders, buyers, partners and FSRU providers.