Specirfically, the head of Novatek, Mr Leonid Mikhelson, commented
Together, we successfully launched our joint venture Arcticgas, which offered unique challenges in developing deeper producing horizons.
The collaboration between Novatek and Gazprom creates a solid base for expanding the cooperation in the Arctic zone, Mr Mikhelson continued.
In the meantime, Novatek signed a MoU on Strategic Partnership and Cooperation with TMK as well as Severgroup. The collaboration between the three partners will be valid until the end of 2023, and will ensure production efficiency, timeliness and reliability of supplies. Also, the MoU means that Severgroup will supply materials and equipment for Novatek’s projects including equipment for gas liquefaction trains.
According to Novatek's statement
The document contains the basic principles of long-term cooperation, including the reservation of production capacities to ensure timely supplies.