a Subsidiary of “NOVATEK”, “Gazprombank” and China’s Sinopec has submitted to the European Commission (EC) request for the establishment of a joint venture (JV) in China SINOVA Natural Gas Company Limited.

In the JV intend to participate Singaporean subsidiary NOVATEK — Novatek Asia Development Holding Pte. Ltd and a subsidiary company “Gazprombank asset management” — “Gazprombank — Arcturus”, reports “Interfax”.

“NOVATEK”, “Gazprombank” and Sinopec have agreed to establish China JV for trade in liquefied natural gas (LNG).

“In every market a “Mezhregiongaz”, so we want to create a company. We want to sell gas to the final consumer,” — said the head of “NOVATEK” Leonid Michelson.