Novatek seals $8.5 billion deal to supply gas to E.On Russia

9/4/2013

Novatek seals $8.5 billion deal to supply gas to E.On Russia

BY JAMES MARSON

MOSCOW -- Novatek will increase gas supplies to the Russian arm of Germany's E.On in a 14 year deal worth $8.5 billion, E.On Russia said on its website.

Novatek, which last August agreed a $22 billion deal to supply gas to E.On Russia from 2014 to 2027, has snapped up domestic supply contracts at the expense of Gazprom.

The additional volumes from the new deal will be delivered to E.On Russia's Surgut power plant in Siberia.

Dow Jones Newswires

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