NOVATEK and COSCO SHIPPING to expand Arctic transportation collaboration
As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the mutual cooperation in scope and depth, especially to expand the dialogue on Arctic transportation collaboration, says NOVATEK.
PAO NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».
