Novatek Eyes Repsol Assets

By The Moscow Times

Oct. 16, 2012

Novatek is in theory interested in liquefied natural gas assets put up for sale by Spain's Repsol, but is not in any discussions on a possible bid, Novatek CEO Leonid Mikhelson told reporters Tuesday.

"The Repsol assets are of interest to us, but we are not in talks," Mikhelson said.

Sources said in September that Novatek, which ranks second after Gazprom as a natural gas producer in Russia, was likely to be among the companies to present bids for a package of LNG assets put up for sale to help the Spanish oil company cope with its debt.

The assets include a 75 percent stake in a regasification plant in Canada, a 20 percent stake in a liquefaction plant in Peru and a 23 percent interest in a liquefaction plant in Trinidad and Tobago.

(Reuters)

Related articles:

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue