Kogas signs memo to consider acquisition of Arctic LNG-2 stake - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Kogas signs memo to consider acquisition of Arctic LNG-2 stake

MOSCOW, Jun 22 (PRIME) -- Russian gas producer Novatek and KoreaТs Kogas signed a memorandum of understanding on joint development of liquefied natural gas (LNG) business on Friday with an option for Kogas to buy a stake in Arctic LNG-2 and buy its gas.

Kogas will also consider participation in a project of an LNG terminal on the Kamchatka Peninsula and in other infrastructure projects.

The memorandum also includes cooperation in LNG trade and optimization of logistics, including swap deals.

The Arctic LNG-2 plant will be launched in 2022Ц2025 and fields of the Gydan Peninsula in the north of West Siberia will become its resource base.

End

22.06.2018 17:03
 
 
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