NOVATEK Signed Memorandum of Understanding with Fluxys

Source: www.gulfoilandgas.com 6/1/2017, Location: Asia

As part of today’s 21st Saint Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK”) signed a Memorandum of Understanding (“Memorandum”) with Fluxys SA (“Fluxys”).

According to the Memorandum, the parties intend to pursue strategic cooperation in developing small-scale LNG projects in Europe, in developing LNG marketing in Europe and Latin America, optimizing LNG logistics, as well as other potential projects involving LNG.

The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: "A mutually beneficial cooperation with such an established partner as large infrastructural company Fluxys will help us to develop new LNG markets and to promote NOVATEK to these markets. This cooperation will increase the efficiency of our LNG projects, utilizing our resource base on the Yamal and Gydan peninsulas”.

Fluxys Managing Director and CEO Pascal De Buck noted: “Small-scale LNG in our view ticks all the boxes to curb the carbon and health impact of heavy duty road transport, shipping and remote industry. We are pleased to broaden our mutually beneficial cooperation with NOVATEK to make small-scale LNG realize its potential today and in the future”.


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.