Gulf Oil and Gas accountACCOUNT

NOVATEK Creates JV in China with Sinopec and Gazprombank

Source: www.gulfoilandgas.com 6/6/2019, Location: Asia

NOVATEK, Sinopec and Gazprombank have signed a Heads of Agreement on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China.

'Chinese companies are investing in the development of NOVATEK’s LNG projects in the Arctic region of the Russian Federation. Creating a joint venture to trade LNG and natural gas in the domestic market of China not only facilitates sales of LNG produced, but also opens up opportunities for investments in the development of the end-customer segment in one of the largest and the fastest-growing gas and LNG market in the world,' noted NOVATEK’s Chairman of Management Board Leonid Mikhelson.

'This represents another step in implementing our long-term strategy across the entire value chain from the extraction and liquefaction of natural gas to the sale of LNG to the customers'.

Mergers and Acquisitions News in China >>

Australia >>  10/13/2019 - ConocoPhillips (COP) has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 bil...
United States >>  10/7/2019 - Leading global Mining-Tech Company, Imdex Limited (IMDEX), announces a special fully-franked dividend of 2.0 cents per share following the sale of its...

Russia >>  10/4/2019 - A Supplementary Agreement to the Memorandum of Intent on cooperation in developing standardization and conformity assessment procedures for the oil an...
Russia >>  10/3/2019 - Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Christian Bruch, Executive Vice President and CEO of Linde Engineering, and John...

Russia >>  10/3/2019 - Denis Fyodorov, Director General of Gazprom Energoholding, and Igor Zhilkin, Managing Director of GPB Asset Development, today signed at the 9th St. P...
United Kingdom >>  10/3/2019 - Subsea 7 is pleased to announce that it has acquired 4Subsea, a leading provider of technology and services that delivers key decision support to oil ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.