27 Jan 2020 19:26

Novatek registers Singapore subsidiary for gas sales to China with Sinopec, GPB

VIENNA. Jan 27 (Interfax) - Novatek has registered a subsidiary, Novatek Asia Development Holding Pte., in Singapore, the Russian gas company said in information.

Novatek CFO Mark Gyetvay told reporters that the company had been registered to carry out a joint project with Gazprombank and Sinopec to sell gas to China.

Reports have said a joint venture between Novatek and Sinopec to sell gas in China might be formed in the middle of 2020.