Novatek Strikes $4 Billion Deal with Mosenergo

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.

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