Novatek Signs 15-Year LNG Supply Deal With CNPC

Oct. 22 (Bloomberg) -- OAO Novatek, Russia’s second-biggest natural-gas producer, will supply the fuel in its liquefied form to China National Petroleum Corp. for 15 years, according to a preliminary accord signed today. Novatek will sell at least 3 million metric tons of liquefied natural gas a year to CNPC on delivered ex-ship terms, with the price indexed to the … [Read more...]