Forbes: Gunvor May Cooperate with Novatek on LNG
Gunvor Group, the trading company co-founded by billionaire Gennady Timchenko, may work with OAO Novatek, which he also co-owns, on liquefied natural gas in a “very interesting project,” Forbes reported.
Novatek, Russia’s second-biggest gas producer, wants to be present in the European market, while “Europeans want to see not only Gazprom there,” Timchenko said in an interview with Forbes published on the magazine’s website today.
Timchenko declined to elaborate on the cooperation the two companies are considering, citing a confidentiality agreement, only saying it has no relation to the Yamal LNG project in the Arctic that Novatek is developing with Total SA.