Novatek, Gazprom Look at 4 Year Deal

May 12, 2009

(Moscow Times ) - Novatek has asked shareholders to approve a transportation contract with Gazprom worth 115 billion rubles ($3.5 billion).

The four-year agreement would allow Novatek to ship a total of 82.1 billion cubic meters of gas, starting this year, the company said on its web site.

Gazprom may cut output at least 10 percent this year as demand falls, the company said last week.

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