NOVATEK and Severgroup Sign Memorandum on Strategic Partnership and Cooperation

PAO NOVATEK and OOO Severgroup signed a Memorandum on Strategic Partnership and Cooperation. The agreement expressed intent to cooperate on supplies for NOVATEK’s projects, including equipment for gas liquefaction trains. The document contains specification on production capacities to ensure timely deliveries.

“Our development strategy involves implementing large-scale LNG projects in the Arctic region with the participation of Russian equipment and materials manufacturers,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board.