12 Nov 2010 18:09

Novatek buys Polish LNG trader

MOSCOW. Nov 12 (Interfax) - Russia's OJSC Novatek has acquired one of the leading traders in liquefied natural gas (LNG) in southeastern Poland, Intergaz-System Sp.z o.o, Novatek said in its financial reporting.

The acquisition came to $5 million. The Polish trader possesses capacity for unloading and transporting LNG and was acquired in order to expand Novatek's wholesale and retail LNG business in not only the Polish market but also other European countries.

Novatek owns another Polish LNG trader called Novatek Polska.