Gazprom and Novatek extend cooperation agreement for Yamal LNG until February 2013

12/28/2012

Gazprom and Novatek extend cooperation agreement for Yamal LNG until February 2013

BY OLGA RAZUMOVSKAYA

MOSCOW -- Gazprom intends to extend a memorandum of cooperation with Novatek until February 2013.

According to the memorandum, which was signed in April 2012 and was set to expire at the end of this year, Gazprom and Novatek are considering the formation of joint venture in January 2013 to expand LNG production facilities on the Yamal peninsula in northwest Siberia and jointly develop resources on the Gydan peninsula on the Siberian coast bordering the Kara Sea.

Dow Jones Newswires

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