Novatek of Russia signed a framework agreement on strategic cooperation with Technip, Linde and Research and Design Institute for Gas Processing (NIPIGas) on Arctic LNG 2.
The companies agreed on conditions for the design and development of future LNG plants based on gravity-based structures for the Arctic LNG 2 project as well as subsequent liquefied natural gas projects developed by Novatek.
Novatek also signed the license agreement with Linde AG to purchase the license on natural gas liquefaction technology for the Arctic LNG 2 project.
Speaking of the agreement, Novatek’s chairman Leonid Mikhelson said that the company has gained competencies regarding LNG projects through the development of the Yamal LNG.
“We have chosen a new technical design concept for our next LNG project,” Mikhelson said, adding that the newly signed agreements improve the economics on the company’s next LNG projects.