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NOVATEK signed strategic cooperation agreement with Sovcomflot

Sovcomflot signed an Agreement on developing a strategic partnership to transport hydrocarbons produced at Yamal LNG, Arctic LNG 2.

NOVATEK signed strategic cooperation agreement with Sovcomflot NOVATEK signed strategic cooperation agreement with Sovcomflot


Moscow, June 29 - Neftegaz.RU. Russian independent gas producer NOVATEK and Russian shipowner Sovcomflot signed a strategic cooperation agreement.

 

Leonid Mikhelson, CEO of NOVATEK and Sergey Frank, General Director of Sovcomflot signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) produced at Yamal LNG, Arctic LNG 2 and other Arctic projects of the company.

 

«Our unique partnership with Sovcomflot will optimize our LNG transport model through the Arctic zone by efficiently and effectively using ice-class tankers» according to NOVATEK’s CEO Leonid Mikhelson.

 

«To implement our long-term development strategy to produce more than 55 million tons of LNG by 2030, we need to establish an efficient Northern Sea Route shipping model. Combining our efforts with Sovcomflot, one of the global leaders in navigation in harsh ice conditions, will allow us to achieve maximum efficiency in managing our transportation costs», Mikhelson added.

 

Source : Neftegaz.RU