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NOVATEK creates shipping joint venture with Sovcomflot

Christian Fernsby |
During the Eastern Economic Forum in Vladivostok, NOVATEK and Sovcomflot signed the Heads of Agreement on creating a joint venture.


According to the Agreement, the Parties intend to create a shipping company, with the potential involvement of other joint venture participants.

The joint venture will focus on managing the construction and operations of Arctic ice-class LNG carriers in accordance with best industry practices and international standards, ensuring the optimized transportation from NOVATEK’s future LNG projects in the Russian Arctic region, including the Arctic LNG 2 project.

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