Common Contracts
1 similar Sale and Purchase Agreement (Spa) contracts
Saint Petersburg, June 3, 2021 – TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG)...Sale and Purchase Agreement (Spa) • June 3rd, 2021
These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction, and will each initially include a 360,000 m3 floating storage unit (FSU) and two ship-to-ship transfer kits (STS). They will allow for the transshipment of LNG from Arc7 ice class LNG carriers, which provide transport on the iced waters of the Arctic Ocean, to conventional LNG carriers, which take care of the remaining delivery. By limiting the use of Arc7 ice class LNG carriers, this optimization of the logistic reduces the costs and CO2 emissions of the LNG transport.
