NOVATEK signs agreement with SG-Trans for transportation of LPG
Moscow, 7 April 2010. OAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that the Company’s First Deputy CEO Mikhail Popov and SG-Trans General Director S.A. Nikitayev have signed an agreement whereby SG-Trans will transport NOVATEK’s liquefied petroleum gas (“LPG”), produced at the Purovsky Gas Condensate Processing Plant, using SG-Trans rail tank cars. The agreement is for five years and may be extended at the end of that period.
The agreement with SG-Trans will enable NOVATEK to meet its future transportation requirements related to LPG sales volumes which, are delivered to consumers in the Russian Federation, CIS and export markets.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures 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 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.