NOVATEK’s Board Recommends 1H 2020 Dividend
The Board of Directors of PAO NOVATEK discussed the Company’s financial and operational results for the First Half 2020 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 30 September 2020 in the form of absentee voting, with the following agenda: 1. On the payment of interim …
NOVATEK’s Board of Directors Approved Environmental Targets for the Period up to 2030
The Board of Directors of PAO NOVATEK discussed the progress implementing the Company’s Corporate Strategy and approved environmental targets for the period up to 2030, including atmospheric emissions reduction, associated petroleum gas utilization and waste disposal. The full list of the Company’s environmental targets is available at http://www.novatek.ru/en/development/. The Company’s …
Terneftegaz: a Joint Venture Between Novatek and Total Located in the West Siberian Sub-Arctic
This article, written by Ben Seligman, focuses on a joint venture between Novatek, Russia’s largest independent gas producer, and France’s Total. The JV is called ‘Terneftegaz’. When we think of Novatek and Total’s partnerships in Russia, the big Arctic LNG projects, Yamal LNG and Arctic LNG 2, immediately come to …
NOVATEK Reports Preliminary Operating Data for the Second Quarter and First Half 2020
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2020. In the second quarter 2020, NOVATEK’s hydrocarbon production totaled 145.3million barrels of oil equivalent (boe), including 18.50 billion cubic meters (bcm) of natural gas and 2,920 thousand tons of liquids (gas …
CEO’s Meet Virtually to Discuss Status of Arctic LNG Project
PAO NOVATEK announced that a working meeting was held today regarding the Arctic LNG 2 project with the respective CEO’s 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), Dai Houliang (CNPC), Wang Dongjin …
LNG Tanker ‘Christophe de Margerie’ Completes Unique Voyage along the Northern Sea Route
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Arc7 ice-class LNG tanker “Christophe de Margerie” of Sovcomflot successfully transited the Eastbound ice-covered part of the Northern Sea Route (“NSR”) and reached the Bering Strait in only 12 days. The voyage across the NSR to the Bering Strait was …
NOVATEK-Murmansk Signed Agreement with Far East Development Corporation
PAO NOVATEK announced today that OOO NOVATEK-Murmansk, a wholly owned subsidiary, and the Far East Development Corporation signed an Agreement on operating in the territory of the Advanced Special Economic Zone (ASEZ) “Capital of the Arctic” (hereinafter “the Agreement”). According to the Agreement, OOO NOVATEK-Murmansk will obtain resident status at …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2020
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2020 1Q 2019 Oil and gas sales …
NOVATEK Registered License for Bukharinskiy License Area
AO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area partially located in the shallow waters of the Ob and Taz bays in …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2020
PAO NOVATEK reported today preliminary operating data for the first quarter 2020. In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent (boe), including 19.08 billion cubic meters (bcm) of natural gas and 3,048 thousand tons of liquids (gas condensate and crude oil), resulting in …