NOVATEK strategic partnership with United Shipbuilding Corporation

PAO NOVATEK (NOVATEK) has signed a Memorandum on Strategic Partnership and Cooperation with JSC United Shipbuilding Corporation (USC).

The agreement outlines plans to pursue strategic partnership and cooperation in the area of producing LNG train modules in Russia as part of the prospective Arctic LNG 2 project.

The Chairman of NOVATEK’s Management Board, Leonid Mikhelson said: “We see good prospects in uniting our efforts with USC in implementing NOVATEK’s future LNG projects. Our company has gained significant experience during the construction of the Yamal LNG project, and we are going to use this experience along with the expertise and infrastructure capabilities of Russian enterprises to reduce construction costs and enhance competitiveness of our future LNG projects”.

United Shipbuilding Corporation is the largest shipbuilding company in Russia consolidating the biggest part of the local shipbuilding industry. It includes about 40 domestic shipyards, design offices and ship repair yards.

For more information visit www.novatek.ru

24th April 2017