Novatek to supply Arctic LNG 2 gas to Repsol
Novatek Gas & Power Asia, the trading arm of Novatek signed a heads of agreement with Repsol for the supply of LNG from its proposed Arctic LNG 2 project as well as other Novatek projects.

The deal has a 15 year term-period with an annual supply of 1.0 mtpa. The LNG would be delivered ex-ship majorly to the markets on the Iberian Peninsula.

The proposed Arctic LNG 2 project will have three liquefaction trains of 6.6 mtpa capacity each.

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