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Novatek and Sovcomflot announce joint shipping venture

The two Russian companies will transport liquefied natural gas from Novatek’s new projects and will focus on managing the construction and operation of Arctic ice-class LNG carriers. Novatek also signs a memorandum of understanding to supply LNG to the Indian market on a long-term basis

The recent joint ventures will help achieve the goal set by the Russian president to ensure an increase in annual cargo traffic along the northern sea route to 80m tonnes in 2024, says Novatek chairman Leonid Mikhelson

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