- NOVATEK and Zhejiang Energy Sign Sales euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Russia’s largest independent natural gas producer PAO NOVATEK (NOVATEK) has committed to further liquefied natural gas (LNG) supply from its Arctic LNG 2 project following the signing of two Sales and Purchase Agreements (SPAs).
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PAO NOVATEK (NOVATEK) announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group (Zhejiang Energy) signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project.
The agreement builds on the MoU signed by the parties in October 2019 and establishes the key commercial terms for the annual supply of up to 1 million t of LNG from the Arctic LNG 2 project for a term of 15 years. The LNG will be delivered on a DES basis to Zhejiang Energy’s LNG terminals in China, including feedstock for the buyer s new gas-fired power generation facilities.
- NOVATEK and Zhejiang Energy Sign Heads euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.