Vitol signs 15-year LNG HoA with Novatek

April 2, 2019

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Novatek Gas & Power Asia, a trading subsidiary of NOVATEK and Vitol signed an HoA for the supply of LNG. The HoA envisages concluding a 15-year contract with annual supply of 1 MTPA of LNG from the Arctic LNG 2 project as well as other NOVATEK’s projects. The LNG will be shipped on a FOB basis to NOVATEK’s transshipment terminals in the Murmansk region and Kamchatka.

Edited from Novatek press release.