Novatek Seals $8.5B Deal to Supply Gas to E.On Russia

Novatek Seals $8.5B Deal to Supply Gas to E.On Russia
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Τετ, 4 Σεπτεμβρίου 2013 - 18:04
OAO Novatek (NVTK.RS), Russia's second largest natural-gas producer, will increase gas supplies to the Russian arm of Germany's E.On SE (EONGY) in a 14-year deal worth 284 billion rubles ($8.5 billion), E.On Russia said on its website Wednesday.
OAO Novatek (NVTK.RS), Russia 's second largest natural-gas producer, will increase gas supplies to the Russian arm of Germany 's E.On SE (EONGY) in a 14-year deal worth 284 billion rubles ($8.5 billion), E.On Russia said on its website Wednesday.

Novatek, which last August agreed a $22-billion deal to supply gas to E.On
Russia from 2014 to 2027, has snapped up domestic supply contracts at the expense of state-controlled gas firm OAO Gazprom (GAZP.RS).

The additional volumes from the new deal will be delivered to E.On
Russia 's Surgut power plant in Siberia .

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