Deal Snapshot
RUSSIAN GAS PRODUCER NOVATEK TO CREATE JV WITH ROSATOM
Friday 14 September 2018

Russian natural gas producer PAO Novatek has signed an agreement with Rosatom to establish a joint venture, the company said.
According to the agreement, the parties intend to establish a long-term partnership to jointly develop, finance and implement a project to create a LNG-fueled icebreaker fleet to support Novatek's Arctic projects in frozen areas along the Northern Sea Route as well as building port fleet and supply vessels. PAO Novatek is one of the largest independent natural gas producers in Russia.


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Details
Date Published: 14/09/2018
Target: Long-term partnership to create an LNG-fueled icebreaker fleet
Country: Russia
Sector: Petroleum/Natural Gas/Coal
Type: JV
Financing:
Status: Agreed
Vendor:
Buyer: PAO Novatek, Rosatom
Comment:
Terms of the deal were not disclosed

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