Russia’s Novatek may invest in Kingdom’s LNG
Russia’s largest natural gas producer, Pao Novatek Co, has expressed interest in investing in Cambodia’s Liquefied Natural Gas (LNG), especially in the areas of supply, storage station construction and conversion.
Ministry of Mines and Energy secretary of state Dith Tina welcomed the news and advised the company to research social, economic and technical possibilities, as well as the nature of the Cambodian market, so that the project can be shaped.
General Department of Petroleum director-general Cheap Sour on Sunday said Novatek aims to study the Kingdom’s LNG market, adding that if the market is deemed adequate, the company will invest directly.
“This is only the first meeting between the ministries and the company’s leaders,” he said.