Novatek Signs Memorandum of Understanding with Total, Siemens
By Oliver Griffin
Novatek (NVTK.MZ) said on Friday that its subsidiary Novatek Gas and Power Asia Pte Ltd. has signed a memorandum of understanding with the gas and power business of Total SA (FP.FR) and Siemens AG (SIE.XE).
Novatek said that the memorandum defines the parties' intent to pursue opportunities to collaborate on liquefied-natural-gas sales and to develop the infrastructure for newly built gas-fired generation plants in Vietnam.
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(END) Dow Jones Newswires
December 01, 2017 09:30 ET (14:30 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.