Russia's Novatek Puts Up $1.4B For Major Nortgas Stake
Under the terms of the deal, Novatek — Russia’s second-largest gas producer overall — will purchase the sizable minority stake from Russian investment firm R.E.D.I. Holdings. Novatek said it expected to finalize the transaction by the end of the year.
Nortgas holds the hydrocarbon production license for the Severo-Urengoyskove field, located...
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