NOVATEK told about LNG supplies to Chinese Shenergy

“NOVATEK has signed a long-term contract with Shenergy Group for the supply of LNG from the Arctic LNG 2 project,” the company said in a statement.

It clarifies that LNG will be supplied on DES terms to terminals in China.

NOVATEK Chairman of the Management Board Leonid Mikhelson noted that the Chinese market is one of the key in the company's LNG marketing strategy.

On June 12, 2020, NOVATEK said that the heads of companies participating in the Arctic LNG-2 project held a working meeting.