Russia's Novatek Extends Gas Contract With Mosenergo for Four Years
- Apr. 28 2015 17:25
- Last edited 17:26
Novatek, Russia's second-biggest gas producer, said Tuesday that it had extended its gas supply contract with Gazprom-owned utility firm Mosenergo to the end of 2019.
Novatek, whose largest shareholders are France's Total and businessman Gennady Timchenko, an ally of President Vladimir Putin, is to sell 9 billion cubic meters of natural gas per year to Mosenergo, it said in a statement.
Their initial contract, signed in December 2012, envisaged natural gas supplies to Mosenergo's power generation facilities in 2013-2015.