Novatek said that its Novatek Gas & Power unit has signed a long-term contract with Shell International Trading Middle East for the supply of LNG from the Yamal LNG project.
The contract stipulates annual supply of approximately 0.9 million tons of LNG for more than 20 years from the volumes that Novatek Gas & Power will purchase from Yamal LNG according to the previously signed contract, the company said in a statement.
Chairman of the Management Board of Novatek, Leonid Mikhelson stated: “We are currently finalizing Novatek’s contract portfolio for the supply of LNG from the Yamal LNG project.”
Novatek-operated 16.5 mtpa Yamal LNG project is expected to start production in 2017.
Image: Novatek