NOVATEK and Shenergy Group Sign SPA for LNG from Arctic LNG 2
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Shenergy Group signed a long-term LNG Sales and Purchase Agreement (“SPA”) for the LNG produced from the Arctic LNG 2 project. The SPA stipulates the cumulative supply of more than three (3) million …
NOVATEK: First Russian Cryogenic Pump Successfully Tested at Yamal LNG
PAO NOVATEK announced today that the first large-scale cryogenic pump manufactured in Russia was successfully tested at the Yamal LNG project. The cryogenic pump was designed and manufactured by Afrikantov OKB Mechanical Engineering (part of JSC Atomenergomash). The cryogenic pump tests were conducted at Yamal LNG’s current LNG tank storage …
NOVATEK and Siemens Energy Signed Agreement to Decarbonize LNG Production
Today, PAO NOVATEK and Siemens Energy signed a Strategic Partnership and Cooperation Agreement (“Agreement”). According to the Agreement, the Parties intend to jointly develop and implement high-tech solutions to produce LNG, electricity, hydrogen and other products to maintain sustainable development initiatives and achieve the Parties’ goals to reduce their carbon …
NOVATEK Completes First Ship-to-Ship LNG Transshipment in the Murmansk Region
PAO NOVATEK announced today that NOVATEK-Western Arctic, a wholly owned subsidiary, completed Russia’s first ship-to-ship LNG transshipment in the Kildin Strait of the Barents Sea. The Arc7 ice-class LNG tanker “Nikolay Yevgenov” successfully reloaded an LNG cargo delivered from the Yamal LNG facility at Sabetta to the conventional tanker “Yamal …
NOVATEK: Partners Held a Regular Virtual Meeting to Discuss Status of Arctic LNG 2
PAO NOVATEK announced that a regular working meeting was held regarding the status of Arctic LNG 2 project (“Project”) with the respective management of the partner companies. The working meeting, which took place in the form of a videoconference, was attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanné (TOTAL), Huang Yongzhang …
NOVATEK: Changes Composition of the Management Board
The Board of Directors of PAO NOVATEK has approved the decision to change the composition of the Company’s Management Board. The Board terminated the membership of the First Deputy Chairman of the Management Board Alexander M. Fridman and appointed Evgeniy N. Ambrosov, Deputy Chairman of the Management Board – Director …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2020
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2020. In the third quarter 2020, NOVATEK’s hydrocarbon production totaled 150.4 million barrels of oil equivalent (boe), including 19.13 billion cubic meters (bcm) of natural gas and 3,024 thousand tons of liquids (gas condensate and crude …
Debt Service Guarantees on Yamal LNG Removed from NOVATEK
PAO NOVATEK today announced that after fulfilling all the conditions stipulated by the Project’s external bank financing, the debt service guarantees of Yamal LNG were formally removed from NOVATEK. “We have reached another significant milestone on Yamal LNG with the removal of the guarantees relating to the project’s financing.” noted …
Arctic LNG 2 Chartered 15 Arc7 Tankers to be Built at Zvezda Shipyard
PAO NOVATEK announced that its joint venture Arctic LNG 2 (“Arctic LNG 2” and/or the “Project”) entered into long-term charter agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a joint venture between NOVATEK and PAO Sovcomflot), with the construction of the LNG tankers to be built at the Zvezda Shipbuilding …
NOVATEK Launched Small-Scale LNG Plant in Magnitogorsk
PAO NOVATEK announced that today in Magnitogorsk a ceremony was held, in the presence of Deputy Prime Minister of the Russian Federation Yury Borisov, to launch the first small-scale LNG plant in the Chelyabinsk region with a design capacity of 40 thousand tons per annum. NOVATEK-Chelyabinsk, a wholly owned subsidiary, …