May 16, 2023
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PAO NOVATEK (“NOVATEK” or the “Company”) announced at the Second Belt and Road Forum for International Cooperation that NOVATEK and CNOOC Ltd. (“CNOOC”) have signed a binding agreement on the acquisition by CNOOC of a 10% participation interest in the Arctic LNG 2 project.
“We are very glad that CNOOC has joined our Arctic LNG 2 project as our new partner, since China represents one of the key consuming markets for our LNG sales,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “Arctic LNG 2 will be a game-changer in the global gas market, and our proven track record to successfully build an LNG facility in the Arctic zone, combined with a proven logistical model with access to prospective markets and large hydrocarbon resource base will ensure the successful implementation of this world class project”.
Reference: novatek.ru
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