Russia's Novatek announced Tuesday that its trading subsidiary Novatek Gas&Power Asia had signed a non-binding agreement with Spain's Repsol on delivering one million tonnes of LNG annually, including from the Arctic LNG 2 project, for the period of 15 years
MOSCOW (Pakistan Point News / Sputnik - 02nd April, 2019) Russia's Novatek announced Tuesday that its trading subsidiary Novatek Gas&Power Asia had signed a non-binding agreement with Spain's Repsol on delivering one million tonnes of LNG annually, including from the Arctic LNG 2 project, for the period of 15 years.
"The Heads of Agreement envisages concluding a 15-year contract with annual supply of one (1) million tons of LNG from the Arctic LNG 2 project as well as other Novatek's projects. The LNG will be delivered ex-ship primarily to markets on the Iberian Peninsula," the Russian company said in a statement.
