Russian energy giant Novatek and China’s Zhejiang Energy signed an agreement on long-term liquified natural gas (LNG) supplies from the Arctic LNG 2 project at the St. Petersburg International Economic Forum (SPIEF) on Wednesday.
“The fast-growing Chinese market is a key region in our LNG marketing strategy, and we plan to further increase our supplies of cleaner-burning LNG to assist China in reaching its net zero targets by 2060,” said Novatek’s CEO Leonid Mikhelson at SPIEF.
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