Russian independent gas producer Novatek said Wednesday it reached an agreement with a Chinese bank to help implement a Arctic liquefied natural gas project. Novatek said it signed a memorandum of understanding with the China Development Bank to cooperate on steering capital toward LNG. “Our strategy envisages a rapid growth of LNG production using international financing sources,” Leonid Mikhelson, the chairman of the Novatek board, said in a statement . “We already have a positive experience of cooperating with the China Development Bank on the Yamal LNG project, and we are glad to continue this mutually beneficial cooperation on our new LNG projects.” Novatek, the largest private natural gas company in Russia, leads the project aimed at sourcing the markets in the Asia-Pacific, alongside […]