Gazprom, NOVATEK Sign Agreement for LNG Production

Source: www.gulfoilandgas.com 6/18/2010, Location: Asia

Gazprom CEO Alexey Miller and NOVATEK CEO Leonid Mikhelson met during the 14th St. Petersburg International Economic Forum. During the meeting the two CEO’s discussed their companies’ cooperation in the implementation and construction of a pilot liquefied natural gas (LNG) plant based on the resources of the South Tambeyskoye field.

The companies reiterated their mutual interest in supporting the competitiveness of Russian natural gas in global markets as well as diversifying its delivery destinations. As a result of the meeting, the parties have signed a Cooperation Agreement setting out the key parameters for cooperation between Gazprom and NOVATEK in implementing the pilot LNG project including the development and subsequent utilization of related infrastructure facilities on the Yamal peninsula.

The two companies will facilitate the involvement of Russian equipment manufacturers in the project, including shipbuilders for the construction of an ice class tanker fleet, and the project will also provide employment opportunities for the domestic oil and gas sector.

The agreement provides for cooperation in minimizing the project’s environmental and social impact on the areas of the Far North including the preservation of the ecosystem and unique culture of the indigenous peoples.

“In the coming decades the vast resources of the Yamal peninsula will become an essential part of the development of Russia’s natural gas industry. A comprehensive approach including integrated development of the Yamal fields, infrastructure sharing and solid partner relationships will allow us to implement these projects with maximum efficiency”, – noted Alexey Miller.

In addition to the Cooperation Agreement, an Agency Agreement has been signed between ??? GazpromExport and ??? Yamal LNG, which contemplates the export of LNG from the South Tambeyskoye field.


Canada >>  8/10/2022 - FortisBC Holdings Inc. (“FortisBC”) and Musqueam Indian Band (“Musqueam”) are announcing the signing of an agreement, which will result in the parties...
Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...

France >>  8/3/2022 - Alternative data specialist QuantCube Technology announced the availability of the QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator. By...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.