2nd Feb 2011 14:01
NOVATEK AND ATOMFLOT SIGN COOPERATION AGREEMENT
Moscow, 02 February 2011. OAO NOVATEK ("NOVATEK" and/or "the Company") First Deputy Chairman of the Management Board, Mikhail Popov, and the General Director of the Russian Federation's Atomflot (Atomflot), Vladimir Ruksha, signed a ?ooperation Agreement (Agreement) establishing the framework for the development of reliable and safe transportation solutions for the Yamal peninusla and Northern Sea Route.
The signed Agreement calls for cooperation between the two companies in the following areas:
1. Joint development of reliable supply routes for the delivery of materials and technological infrastructure necessary for the construction of surface facilities at NOVATEK's fields in the Yamal peninsula;
2. Joint participation in the development of NOVATEK's pilot LNG project on the Yamal peninsula through the analysis and organization of LNG transport using Atomflot's nuclear icebreakers; and
3. Provision of nuclear icebreaker escorts for the transportation of NOVATEK's stable gas condensate using ice class tankers from the Port of Vitino to ports in the Asian-Pacific Region via the Northern Sea Route in 2011.
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For further information, please visit www.novatek.ru or contact:
| Press Service | Investor Relations | ||
| +7 (495) 721 2207 | +7 (495) 730 6013 | ||
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OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer 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 90% of Russia's natural gas production and 20% of the world's gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company's shares are listed on the Russian Trading System (RTS), MICEX Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol 'NVTK' and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2011
Related Shares:
NVTK.L