Russia's Novatek signs LNG agreement with Japan's JOGMEC
VLADIVOSTOK, Russia, (Reuters) - Russia’s Novatek said it had signed a framework agreement with Japan Oil, Gas and Metals National Corp (JOGMEC) to cooperate on Novatek’s liquefied natural gas (LNG) projects in the north of Russia.
“The parties agreed to explore opportunities to cooperate on Novatek’s projects in the Yamal and Gydan peninsulas, including the Arctic LNG 2 project, on developing a regular transport link via the Northern Sea Route for LNG deliveries to the Japanese and Asia-Pacific markets,” the statement said.
Novatek controls the Yamal LNG project, in which France’s Total along with China’s CNPC and the Silk Road Fund are minority shareholders.
Russian and Japanese companies signed a portfolio of agreements on the sidelines of a forum in Russia’s far eastern city of Vladivostok.
Reporting by Denis Pinchuk and Vladimir Soldatkin; writing by Polina Devitt; editing by Kirsten Donovan
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments