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.”