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Russia’s Novatek enters into long-term LNG deal with China’s Shenergy – sources

A subsidiary of Russia’s Novatek has entered into a long-term deal to supply liquefied natural gas (LNG) to Chinese state-owned firm Shenergy Group Company, two industry sources told Reuters on Thursday.

The deal is for Novatek Gas & Power Asia to supply about three million tonnes of LNG over a duration of 15 years, or about three LNG cargoes a year, one of the sources said.

Novatek and Shenergy did not immediately reply to Reuters requests for comment.
Source: Reuters (Reporting by Chen Aizhu and Jessica Jaganathan; Editing by Jacqueline Wong)

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