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    market news

    Novatek Strikes $4 Billion Deal with Mosenergo

    Investing News Network
    Dec. 05, 2012 10:17AM PST
    Oil and Gas Investing

    Reuters reported that Russian natural gas producer, Novatek, has reached a deal to provide 27 billion cubic metres of gas, worth up to almost $4 billion, to Mosenergo in 2013-2015.

    Reuters reported that Russian natural gas producer, Novatek, has reached a deal to provide 27 billion cubic metres of gas, worth up to almost $4 billion, to Mosenergo in 2013-2015.

    As quoted in the market report:

    Novatek and top Russian oil company Rosneft have recently been taking domestic market share from Gazprom , Russia’s largest gas producer and the major supplier to Mosenergo.

    To view the whole market report, click here.

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