Novatek sells 23 million tons of LNG to French Engie

The trader of Novatek Novatek Gas & Power has signed a long-term contract for the supply of liquefied natural gas (LNG) from Yamal LNG with the French company Engie (formerly GDF Suez), Novatek, which owns 60% of the project, reports. The contract was signed for 23 years and provides for the annual supply of 1 million tons of LNG (1.3 billion cubic meters). Thus, for the duration of the contract, Novatek Gas & Power will supply 23 million tons of LNG, or about 30 billion cubic meters to Engie. The contract’s value wasn’t disclosed. Now gas is exported from Russia only by Gazprom; in the first quarter it delivered gas to Europe at the average price of $290 per 1 thousand cubic meters.

Novatek Gas & Power will supply gas to Engie under FOB Montoir-de-Bretagne (the west coast of France), where it will be reloaded onto tankers of the buyer.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer