The Russian company NOVATEK signed an agreement with the Chinese Shenergy Group for the supply of over 3 million tons of liquefied natural gas to China over 15 years.
“NOVATEK has signed a long-term agreement with Shenergy Group for the supply of LNG from the Arctic LNG-2 project,” the company said in a statement.
It clarifies that LNG will be supplied on DES terms to terminals in China.
NOVATEK Chairman of the Board Leonid Mikhelson noted that the Chinese market is one of the key in the company’s LNG marketing strategy.
On June 12, 2020, NOVATEK said that the heads of the companies participating in the Arctic LNG-2 project held a working meeting.