RUSSIA'S LNG FOR CHINA
NOVATEK - Moscow, 5 June 2019. Today, during the official visit of the President of the People's Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK ("NOVATEK" and/or the "Company"), Sinopec and Gazprombank signed Heads of Agreement ("Agreement") on establishing a joint venture to market LNG and natural gas to end-customers in the People's Republic of China.
"Chinese companies are investing in the development of NOVATEK's LNG projects in the Arctic region of the Russian Federation. Creating a joint venture to trade LNG and natural…
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