Russia's Novatek strikes a preliminary deal on LNG supply to Vietnam

3/23/2026

Russia's largest liquefied natural gas producer Novatek has signed a preliminary contract with a buyer from Vietnam and is ready to begin supplies in the near future, company's chief executive Leonid Mikhelson told Russian state TV on Monday.

Vietnamese Prime Minister Pham Minh Chinh is on four-day visit to Moscow.
Novatek has been holding negotiations with buyers for more than five years, and a preliminary supply agreement was signed with one of them quite recently, Mikhelson is quoted as saying.
PetroVietnam Gas was in talks with Novatek.
Russian President Vladimir Putin warned this month that Russia could stop gas supplies to Europe with immediate effect and seek longer‑term commitments elsewhere.