Russia's Novatek strikes a preliminary deal on LNG supply to Vietnam
3/23/2026
Russia's largest liquefied natural gas producer Novatek has signed a preliminary contract with a buyer from Vietnam and is ready to begin supplies in the near future, company's chief executive Leonid Mikhelson told Russian state TV on Monday.
- Vietnamese Prime Minister Pham Minh Chinh is on four-day visit to Moscow.
- Novatek has been holding negotiations with buyers for more than five years, and a preliminary supply agreement was signed with one of them quite recently, Mikhelson is quoted as saying.
- PetroVietnam Gas was in talks with Novatek.
- Russian President Vladimir Putin warned this month that Russia could stop gas supplies to Europe with immediate effect and seek longer‑term commitments elsewhere.
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