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Rosneft Trading SA, a company of Rosneft Group, delivered its first LNG shipment as part of its contract with Egyptian Natural Gas Holding Company. The delivery of the cargo was made by the GOLAR ICE tanker to the Ain Sukhna port within the Master LNG Supply and Purchase Agreement signed in August 2015.
The delivered cargo of LNG is the first one in Rosneft’s operational history. This result demonstrates the elevated level of trading expertise of the Company (the LNG cargo was acquired within an efficient international spot contract).
Transformational changes in the global LNG-trading market, consisting of rising volumes of spot deals, open extensive prospects for the growth potential of the Company’s trading arm. The combination of Rosneft group’s spot and long-term contracts will allow maximizing the economic efficiency of its deals whilst guaranteeing a stable LNG-marketing outlet.
Note for editors: On August, 27 2015 Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. |
Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 6, 2016
These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.