Russian private gas producer NOVATEK established representative office in Vietnam

Hanoi, August 10 - Neftegaz.RU. NOVATEK announced today it has established a representative office in the capital of Vietnam.
The representative office will facilitate NOVATEK's expansion into the global gas markets and provide continuous support for the company's prospective energy projects in Vietnam.

The main tasks of the new office will be to interact with partners, state-owned and private companies of Vietnam to define and develop new projects to supply LNG from NOVATEK’s portfolio to the Vietnamese market.

Leonid Mikhelson, Chairman of the Management Board, noted:

• Vietnam offers NOVATEK the prospects of developing gas-related energy projects in the dynamically growing Asian Pacific region
• And is of strategic importance for us in implementing our long-term aim of delivering affordable and secure natural gas for many decades in a sustainable manner

The Vietnamese market is of great interest for the company as the country’s economy and demand for electricity is forecasted to grow at a fast pace creating favorable conditions for gas-fired power generation and LNG supplies.

In 2019, NOVATEK signed a MoU with the Ninh Thuan People’s Committee to develop an integrated energy-generating project using LNG in Vietnam.

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