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Energy|Gas|LNG|Power|PROJECT
Energy|Gas|LNG|Power|PROJECT
energy|gas|lng|power|project

Glencore, Novatek sign heads of agreement on LNG supply

2nd June 2021

By: Tasneem Bulbulia

Deputy Editor Online

     

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One of global diversified natural resource company Glencore’s affiliates has signed a heads of agreement with Russia-based gas producer Novatek Gas and Power for the long-term supply of liquefied natural gas (LNG) from the Arctic LNG 2 project.

The agreement establishes the key commercial terms for the long-term supply in excess of 500 000 t/y of LNG.

The LNG will be delivered to a number of locations in East Asia.

“We are pleased to sign this heads of agreement with Novatek, one of the leading LNG producers globally.

“Delivering long-term LNG supply into Asia is one example of how we are supporting our customers’ energy transition journey,” Glencore CEO Ivan Glasenberg says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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