Novatek and TMK agree to strategic partnership
Published by Will Owen,
Editor
LNG Industry,
As part of the Saint-Petersburg International Economic Forum, Pao Novatek and Pao TMK have signed a memorandum on strategic partnership and cooperation.
The memorandum establishes the basic principles and approaches to supply TMK’s casing and tubing production to Novatek. The document is valid until the end of 2023 to ensure production efficiency, timelines and reliability of supplies.
“TMK is a reliable tubular products supplier for our projects,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board. “The memorandum raises our mutually beneficial cooperation to a new level and establishes a transparent mechanism for pricing and production capacity reservation. This approach is especially important given our plans to implement large scale projects in the Arctic region and maximise the participation of Russian producers.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07062019/novatek-and-tmk-agree-to-strategic-partnership/
You might also like
Crown LNG selects IKM Consulting Ltd as engineering design partner for Grangemouth LNG project
Crown LNG Holdings Ltd has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of its planned 100% owned floating LNG import terminal in the Firth of Forth, Scotland.