PAO NOVATEK and PAO TMK signed a memorandum on Strategic Partnership and Cooperation to supply TMK’s casing and tubing production to NOVTEK through the end of 2023.
NOVATEK considers TMK to be a reliable supplier and has made this agreement, which includes formula-based pricing, to facilitate its projects. Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said, “This approach is especially important given our plans to implement large-scale projects in the Arctic region and maximize the participation of Russian producers”.
Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors said, “TMK has had long and successful relations with NOVATEK. We supply tubular products with premium threaded connections to many of NOVATEK’s projects, including Arctic LNG 2, Yamal LNG, and the Yurkharovskoye field. This agreement aims to reinforce our partnership.”
