The agreement lays down both companies’ intent to engage in strategic cooperation in the field of safe shipping, a press release from Novatek reads. It includes both shipping of equipment for the development of the South Tambey field in the Yamal Peninsula and of LNG from the same field.
Novatek is the license holder to the South Tambey field, a project which is planned to be developed as LNG together with Gazprom. The project is planned developed in three phases, the first covering the period 2012-2016.
Several companies have shown interest in the project, among them Total, GDF Suez, Shell, Exxon, ConocoPhillips, Mitsui, Mitsubishi, Repsol, ONGC and Qatar Petroleum , Oilru.com reports with reference to RIA Novosti.
As reported by BarentsObserver, also the Finnish oil industry has expressed interest in the South Tambey project.
