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  • NOVATEK Signed MOU with Saudi Aramco
    édité le 20/02/2018 - Plus de news de "Novatek" - Voir la fiche entreprise de "Novatek"

NOVATEK Signed MOU with Saudi Aramco
PAO NOVATEK signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company.

According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research and technology development.

NOVATEK’s Chairman of Management Board Leonid Mikhelson noted: "We see a wide array of exciting and mutually beneficial energy opportunities to cooperate with Saudi Arabia. Our company owns one of the world’s largest high-quality, low-cost conventional gas reserve base and has gained unique and valuable experience of developing LNG-projects in the Russian Arctic area. NOVATEK’s strategy envisages rapidly growing our LNG production and attracting international partners, and, accordingly, we welcome the interest of such a globally important company as Saudi Aramco to jointly collaborate with us in gas markets.”


PAO NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».

About Saudi Aramco

Saudi Aramco is a world leading integrated energy and chemicals company, driven by a core belief that energy is opportunity. From producing approximately one of every eight barrels of the world’s crude oil supply to developing new energy technologies, Saudi Aramco’s global team is dedicated to creating a positive impact. Saudi Aramco is focused on making its resources more sustainable and more useful, promoting long-term economic growth and prosperity around the world.

Origine : Communiqué Novatek

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