NOVATEK

M&A Activity • May 3, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0810E

PAO Novatek

03 May 2017

FOR IMMEDIATE RELEASE                                                      

NOVATEK Signed Framework Agreement with Technip, Linde and NIPIGas and License Agreement with Linde

Moscow, 3 May 2017. PAO NOVATEK ("NOVATEK") signed a Framework Agreement on Strategic Cooperation ("Agreement") with Technip, Linde AG and Research and Design Institute for Gas Processing (NIPIGas).

The parties agreed upon the main conditions for designing and developing future LNG plants based on gravity-based structures for Arctic LNG 2 as well as subsequent NOVATEK's LNG projects.

NOVATEK also signed the License Agreement with Linde AG to purchase Linde's license on natural gas liquefaction technology for Arctic LNG 2 project.

The Chairman of NOVATEK's Management Board Leonid Mikhelson noted: "At Yamal LNG we have gained unique competencies regarding LNG projects. Capitalizing on these competencies we have chosen a new technical design concept for our next LNG project. The framework agreements we have signed today allow us to significantly improve the economics on our next LNG projects, thus making our products competitive in any market.  

***

For further information, please visit www.novatek.ru or contact:

Press Service                                                              Investor Relations

+7 (495) 721 2207                                                     +7 (495) 730 6013

press@novatek.ru                                                       ir@novatek.ru

***

PAO NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 16% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAJMJTMBMMBMR