NOVATEK Signs Memorandum on Strategic Cooperation with SACE

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Image used for representational purposes only (Image Courtesy: NOVATEK)

PAO NOVATEK and SACE (CDP Group) signed a Memorandum on Strategic Cooperation in relation to the Company’s current and future LNG projects.

The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving Italian suppliers and engineering companies.

“We successfully cooperated with SACE in the financing of our Yamal LNG project” noted NOVATEK’s Chairman of the Management Board Leonid Mikhelson.

“Today’s signing of our Memorandum with SACE creates new opportunities for mutually beneficial cooperation with Italian businesses on our future LNG projects. We welcome the interest of international export credit agencies to participate in the financing of our Arctic LNG projects.”

Sea News, December 20

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News