OAO Novatek (NVTK.RS), Russia's second largest natural-gas producer, will increase gas supplies to the Russian arm of Germany's E.On SE (EONGY) in a 14-year deal worth 284 billion rubles ($8.5 billion), E.On Russia said on its website Wednesday.
OAO Novatek (NVTK.RS),
Russia
's
second largest natural-gas producer, will increase gas supplies to the Russian
arm of
Germany
's
E.On SE (EONGY) in a 14-year deal worth 284 billion rubles ($8.5 billion), E.On
Russia
said
on its website Wednesday.
Novatek, which last August agreed a $22-billion deal to supply gas to E.On
Russia
from
2014 to 2027, has snapped up domestic supply contracts at the expense of
state-controlled gas firm OAO Gazprom (GAZP.RS).
The additional volumes from the new deal will be delivered to E.On
Russia
's
Surgut
power
plant in
Siberia
.
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