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Novatek and Saibu Gas sign LNG MoU

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LNG Industry,

Novatek has released a statement claiming that it has signed a memorandum of understanding (MoU) with Saibu Gas Co. Ltd (Japan).

Under the terms of the MoU, Novatek claims that both parties have agreed to consider potential cooperation to enter the end-customer market and optimise Novatek’s LNG portfolio supplies to the Asia-Pacific region by utilising the Hibiki LNG terminal in Japan.

Lev Feodosyev, Novatek’s First Deputy Chairman of the Management Board, said: “The Asia-Pacific region is a priority destination for NOVATEK’s LNG projects. Our ability to use the Hibiki terminal will help diversify our customer base and increase the flexibility of deliveries to the premium LNG markets.”

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