Novatek of Russia Eyes Repsol LNG Assets

Novatek is interested in buying LNG assets that were put up for sale by Repsol of Spain, according to Reuters.

Properties that are up for grab include stake in liquefaction and regasification plants in Peru, Canada and Trinidad and Tobago.

Selling stake in these assets would help Repsol’s current debt issues.

Novatek CEO Leonid Mikhelson commented on the claim: “The Repsol assets are of interest to us, but we are not in talks.”

Novatek is, after Gazprom, Russia’s second-largest producer of natural gas.

In cooperation with Total, Novatek is planning to build an LNG plant in Russia, on Yamal peninsula.

[mappress]
LNG World News Staff, October 16, 2012; Image: Canaport LNG