Novatek sells almost all of the gas from Yamal.

Shell and Gunvor can redeem the remaining LNG.

Swiss trader of Novatek Novatek Gas & Power on the eve of the decisive round of talks with banks to raise funding for the "Yamal LNG" project reached an agreement with Shell and the French Engie on long-term contracts for the supply of LNG. Both contracts include mainly oil binding and delivery on FOB in Western Europe. According to analysts, such agreements are necessary for Novatek for the speedy attraction of loans.

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
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer