Novatek OAO Seals $8.5 Billion Deal to Supply Gas to E.On Russia-DJ

Wednesday, 4 Sep 2013 02:55am EDT 

Dow Jones reported that Novatek OAO will increase gas supplies to the Russian arm of Germany's E.On SE in a 14-year deal worth RUB 284 billion ($8.5 billion), E.On Russia said. Novatek OAO, 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 Gazprom OAO. The additional volumes from the new deal will be delivered to E.On Russia's Surgut power plant in Siberia. 

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