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Novatek creates LNG joint venture with Rosatom

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LNG Industry,


During the Eastern Economic Forum in Vladivostok, the Chairman of the Management Board of Pao Novatek, Leonid Mikhelson, and the Director General of State Corporation Rosatom, Alexey Likhachev, signed an agreement of intent on the establishment of a joint venture.

According to the agreement, the parties intend to establish a long-term partnership to jointly develop, finance and implement a project to create a LNG-fuelled icebreaker fleet to support Novatek’s Arctic projects in frozen areas along the Northern Sea Route as well as building port fleet and supply vessels.

“We already have successful experience of working with Rosatom providing ice-breaker support for the LNG carriers of our Yamal LNG project,” noted Mikhelson, “this agreement will facilitate the further development of an icebreaking fleet and support the growth of cargo traffic along the Northern Sea Route that is very important for our company and for Russia’s economy as a whole.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/12092018/novatek-creates-lng-joint-venture-with-rosatom/

 

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