Arctic LNG II deal
Feb 25 (LNGJ) - Russian natural gas company Novatek signed a long-term LNG Sales and Purchase Agreement with the Chinese Shenergy Group from volumes produced by the Arctic LNG II on the Gydan Pensinsula, currently under construction. The accord is for 3 million tonnes per annum of LNG over 15 years and delivered to terminals in China on a delivered ex-ship (DES) basis whereby the seller pays for the shipping.
“Our LNG commercial strategy is to diversify our client base and target end consumers in the fast-growing Asian-Pacific region, and the LNG volumes produced from our Arctic LNG II project are core to our long-term objective of delivering affordable, secure and sustainable natural gas for many decades,” said Novatek Chairman Leonid Mikhelson.
UK utility company Centrica reports resilient performance backed by growing LNG activities
Centrica plc, the UK utility and energy company with a growing LNG market presence, reported a resilient financial performance in the second half of 2020 as the trading and optimisation performance continued to be strong, especially in LNG.
