Press Releases and Events
NOVATEK and First Cargo Company sign a three-year cooperation agreement
Moscow, 28 December 2009. OAO NOVATEK (the “Company”)and OAO First Cargo Company (“FCC”) have entered into a three-year cooperation agreement for liquid transportation services. The agreement was signed by NOVATEK’s First Deputy CEO Mikhail Popov and FCC’s General Director Salman Babayev.
The three-year agreement anticipates transporting increasing volumes of stable gas condensate produced from the Company’s Purovsky Plant, thus making FCC one of NOVATEK’s major partners for railway cargo transportation.
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.