NOVATEK & CNPC Sign Share Purchase Agreement for Arctic LNG 2 Stake

Source: www.gulfoilandgas.com 6/7/2019, Location: Asia

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK has signed the Share Purchase Agreement (“Agreement”) with wholly owned subsidiary of China National Petroleum Corporation (“CNPC”) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.

The Agreement will close in the nearest future subject to approval by regulatory authorities of the Russian Federation and the People’s Republic of China.


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