LNG

Novatek signs MOU with Kogas for Arctic LNG 2 cargoes

Novatek has signed a memorandum of understanding with Kogas for the South Korean company to invest in and buy cargoes from the Russian firm’s planned Arctic LNG 2 project
By Staff reporter 25 June 2018 0 31440

Novatek has signed a memorandum of understanding with Kogas for the South Korean company to invest in and buy cargoes from the Russian firm’s planned Arctic LNG 2 project, Novatek said on Friday.

The companies also agreed to explore opportunities for Kogas to join Novatek’s LNG transshipment project in Kamchatka and to cooperate in LNG trading and logistics optimisation, including swap operations.