# HMS Group and NOVATEK sign memorandum on localizing LNG equipment

HMS Group and NOVATEK signed a memorandum on strategic partnership to localize manufacture of compressors, pumps and other equipment for NOVATEK's LNG projects in Russia.

- Type: Partnership
- Announced: 2019-01-10
- Where: Russia
- Status: announced
- Products: compressors, pumps, submersible cryogenic LNG-unloading pumps, LNG equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NovaTek AB](https://endata.com/companies/4263.md) (partner)
- [HMS Group](https://endata.com/companies/4436.md) (partner)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/hms-hydraulic-machines-systems-LON:HMSG/news/reg-hms-group-hms-and-novatek-sign-memo-on-localization-of-lng-equipment-urn:newsml:reuters.com:20191001:nEQ2ChMmHa/), 2019-01-10: "HMS Group announces today that the company and PAO NOVATEK signed a Memorandum on strategic partnership."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.