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Thursday, 16 October, 2008, 03:20 GMT | more prices >>

Novatek and Total join forces



By Upstream staff 

Russian gas producer Novatek has signed a co-operation protocol with French giant Total to jointly explore and develop gas projects.

"The protocol contemplates that the companies will form working groups to define Russian and foreign assets for joint participation in natural gas and gas condensate projects," Novatek said in a statement.

Novatek added the protocol was supported by Russia's gas export monopoly Gazprom , which holds around 19.4% in Novatek.


Friday, 19 October, 2007, 11:50 GMT  | last updated: Friday, 19 October, 2007, 11:52 GMT

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