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Novatek creates maritime arctic transport company

Moscow - Russia’s ship giant Novatek has confirmed plans for a new Arctic LNG transhipment hub. “Establishing an efficient Northern Sea Route shipping model is one of our key priorities to realize our long-term strategy,” says Leonid Mikhelson, Novatek’s chairman of the management board

Moscow - Russia’s ship giant Novatek has confirmed plans for a new Arctic LNG transhipment hub.

“Establishing an efficient Northern Sea Route shipping model is one of our key priorities to realize our long-term strategy,” says Leonid Mikhelson, Novatek’s chairman of the management board.

“Creating our own shipping company - says Kikhelson - fully supports this goal and will optimize transport cost and ensure a well-balanced, centralized management structure to improve the competitiveness of Novatek’s Arctic projects”.

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