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).
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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)