H-Energy and Russia’s Novatek sign LNG cooperation pact

Russian gas producer Novatek and India’s H-Energy Global Ltd will collaborate on long-term LNG supplies to India, joint investment in the three LNG terminals being built by the Indian company and form a joint venture to market Novatek’s LNG in India, Bangladesh and other markets.

H-Energy, the energy unit of Mumbai-based real estate firm Hiranandani Group, will also work together in future LNG projects, mid-stream assets like LNG re-loading and re-gasification terminals, cross-country pipelines, small scale LNG and L-CNG infrastructure, according to a memorandum of understanding (MoU) signed between the two firms at the Eastern Economic Forum in Vladivostok, Russia on Wednesday.