HomeNewsNOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply

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NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply

1/11/2022

PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project. The SPA stipulates the supply of approximately 0.6 million tons of LNG per annum from the Arctic LNG 2 project for a term of 11 years. The LNG will be delivered on a DES basis to ENN’s Zhoushan LNG Receiving Terminal in China. “We have reached another milestone in successful marketing of NOVATEK’s share of LNG to be produced by our Arctic LNG 2 project,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Managemen

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