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Investegate |PAO Novatek Announcements | PAO Novatek: NOVATEK and TotalEnergies Sign SPA

Investegate |PAO Novatek Announcements | PAO Novatek: NOVATEK and TotalEnergies Sign Decarbonization MOU

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Hamas accepts Russia s invitation to visit Moscow

NOVATEK and Zhejiang Energy sign LNG supply agreement

Advertisement PAO NOVATEK (NOVATEK) announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group (Zhejiang Energy) signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project. The agreement builds on the MoU signed by the parties in October 2019 and establishes the key commercial terms for the annual supply of up to 1 million t of LNG from the Arctic LNG 2 project for a term of 15 years. The LNG will be delivered on a DES basis to Zhejiang Energy’s LNG terminals in China, including feedstock for the buyer s new gas-fired power generation facilities.

Totalenergies Buys Stake In Novatek s Arctic

Maritime Activity Reports, Inc. (Photo: TotalEnergies) TotalEnergies has signed a sale and purchase agreement with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia. These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction, and will each initially include a 360,000 m3 floating storage unit (FSU) and two ship-to-ship transfer kits (STS). They will allow for the transshipment of LNG from Arc7 ice class LNG carriers, which provide transport on the iced waters of the Arctic Ocean, to conventional LNG carriers, which take care of the remaining delivery. By limiting the use of Arc7 ice class LNG carriers, this optimization of the logistic reduces the costs and CO2 emissions of the LNG transport.

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