NOVATEK and Saibu Gas sign the Heads of Agreement

17 September 2019

In the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin and the Minister of Economy, Trade and Industry of Japan Hiroshige Seko, PAO NOVATEK and Saibu Gas Co., Ltd. (Japan), signed the Heads of Agreement.

According to the Agreement, the Parties intend to establish a joint venture focused on marketing LNG and natural gas to end customers and developing the business for bunkering and gas-fired power generation in Japan and the Asian region, as well as constructing and operating a new LNG storage tank at the Hibiki LNG terminal.