Novatek, Shell sign Yamal supply contract

Novatek Gas & Power has signed a long-term contract with Shell International Trading Middle East for the supply of LNG from the Yamal LNG Project.

The contract is for the supply of approximately 0.9 million tpy of LNG for more than 20 years from the volumes that Novatek will purchase from Yamal LNG.

Comments

Leonid Mikhelson, Chairman of Novatek, commented: “We are currently finalising Novatek’s contract portfolio for the supply of LNG from the Yamal LNG Project. Considering the extensive expertise of Shell, we are planning to further develop our cooperation in the LNG sector.”

Shell VP of LNG Trading, David Wells, added: “Russia is a country of great importance for Shell. As a global leader in the LNG sector, Shell welcomes signing of a long-term contract with Novatek which is developing its first LNG project in the Russian Arctic.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/lng-shipping/04062015/novatek-and-shell-ink-lng-supply-deal-893/