Skip to main content

Saipem signs LNG cooperation agreement with Novatek

Published by
LNG Industry,

Saipem has released a statement claiming that it has signed a strategic partnership and cooperation agreement focused on LNG activities with Novatek. Saipem claims that both companies will explore ways to cooperate on the execution of Novatek’s future LNG projects, and that the agreement will help to strengthen the partnership between both parties.

The agreement was signed in the presence of the President of the Russian Federation, Vladimir Putin, as well as the Prime Minister of Italy, Matteo Renzi.

Both companies will seek to improve both their efficiency and positions in the market. The CEO of Saipem, Stefano Cao, said: “We are very pleased to have entered into this strategic partnership with Novatek, a key operator in an area with important new business opportunities. We will leverage our distinctive competences in high-end projects, and in particular in LNG, and our proven operational experience in Russia to support Novatek’s business objectives.”

Edited from press release by David Rowlands

Read the article online at:

You might also like


[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »


Embed article link: (copy the HTML code below):