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  • Saipem and Novatek sign strategic partnership and cooperation agreement focused on LNG facilities
    édité le 20/06/2016 - Plus de news de "SAIPEM" - Voir la fiche entreprise de "SAIPEM"


Saipem and Novatek sign strategic partnership and cooperation agreement focused on LNG facilities
In the presence of the President of the Russian Federation, Vladimir Putin, and the Italian Prime Minister, Matteo Renzi, Saipem has entered into a strategic partnership and cooperation agreement focused on liquefied natural gas (LNG) activities with Novatek, the largest independent natural gas producer in the Russian Federation.

Saipem and Novatek will explore opportunities for mutual co-operation regarding the execution of Novatek’s future LNG projects.

The aim of the agreement is to strengthen and develop strategic partnership and cooperation between the two companies in all spheres of mutual interest.

Saipem and Novatek will jointly use their potential with the aim of improving their efficiency and competitive positions in the market. Saipem has wide-ranging experience in the LNG sector, having designed and built a number of gas liquefaction plants and regasification terminals around the world.

Saipem Chief Executive Officer, Stefano Cao, commented: “We are very pleased to have entered into this strategic partnership with Novatek, a key operator in an area with important new business opportunities. We will leverage our distinctive competences in high-end projects, and in particular in LNG, and our proven operational experience in Russia to support Novatek’s business objectives”.

About Saipem

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

About NOVATEK

OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer 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 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 gas production and approximately 16% of the world’s gas production. NOVATEK is an open 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».


Origine : Communiqué SAIPEM

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