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"NOVATEK" has signed a Memorandum of understanding with KOGAS
The signed Memorandum establishes the intention of the parties to consider the possibility of KOGAS in the project "Arctic LNG 2" and the purchase of LNG from the project, participation in project handling on the Kamchatka Peninsula and other infrastructure projects, as well as to develop cooperation in the field of LNG trading and optimization of logistics, including swap transactions.
 
"The Asia Pacific region markets are a priority for our LNG projects, because this important geographic region is the fastest growth rate in gas consumption, and South Korea is currently one of the largest importers of LNG. Our scalable LNG projects and extensive resource base, low cost of LNG production and further development of the logistic model using the Northern sea route and TRANS-shipment terminal in Kamchatka create the ideal prospects for mutually beneficial cooperation to our potential partners", - said the Chairman of the Board "NOVATEK" Leonid Michelson.

PJSC "NOVATEK" is one of the largest independent natural gas producers in Russia. Established in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Fields and license areas are located mainly in the Yamalo-Nenets Autonomous district, the world's largest region on extraction of natural gas, which accounts for about 80% of gas production in Russia and about 15% of world gas production. NOVATEK is a public joint stock company established in accordance with the legislation of the Russian Federation. Shares of NOVATEK are listed in Russia on Moscow exchange, Global Depositary Receipts on the London stock exchange (LSE) under the symbol "NVTK".
Source: http://portnews.ru/news/260216/
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