Eurasia Journal News

LNG Carrier ‘Vladimir Rusanov’ Opens the Northern Sea Route 2019 Navigation Period

PAO NOVATEK announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the port of Sabetta to the port of Tianjin, located in China. The Vladimir …

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Eurasia Journal News

NOVATEK Launches South-Khadyryakhinskoye field

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one billion cubic meters per annum. “The South-Khadyryakhinskoye field is located in close proximity to the Company’s existing infrastructure, which allowed …

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Eurasia Journal News

NOVATEK Closes Arctic LNG 2 Transaction

PAO NOVATEK today announced the closing of the sale of participation interests in Arctic LNG 2 Project to wholly owned subsidiary of China National Petroleum Corporation (“CNPC”), wholly owned subsidiary of CNOOC Ltd. (“CNOOC”), and the consortium of Mitsui & Co and Japan Oil, Gas and Metals National Corporation (“Japan …

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Eurasia Journal News

NOVATEK: Lower Achimov Development Confirmed

PAO NOVATEK today announced that Arcticgas, a joint venture between NOVATEK and PAO Gazprom Neft, successfully completed a horizontal well number “U2802” targeting the lower Achimov formation at the Urengoyskoye field. An eight-stage hydro-fracturing program was successfully completed utilizing a record-high proppant volume of 2,187 tons at well number “U2802” …

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Eurasia Journal News

Yamal LNG Has Produced Nine Million Tons of LNG in First Half 2019

OAO Yamal LNG (“Yamal LNG” and/or the “Project”) has announced that it has produced 9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half 2019. All three LNG trains were running above nameplate capacity in the first half of 2019. For the same …

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Eurasia Journal News

NOVATEK, Mitsui and JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake

Today, in the presence of the President of Russian Federation Vladimir Putin, and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the consortium of Mitsui & Co (“Mitsui”) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”) signed the Sales and Purchase Agreement (“Agreement”) …

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Eurasia Journal News

Yamal LNG Shipped First LNG Cargo to Japan

PAO NOVATEK announced today that Yamal LNG shipped the first cargo of liquefied natural gas (“LNG”) to Japan in accordance with the long-term offtake agreement with TOTAL. The cargo was unloaded at the Tobata LNG Terminal in accordance with the buyers lifting and delivery schedule. “Commencing LNG shipments to the …

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Eurasia Journal News

NOVATEK and Severgroup Sign Memorandum on Strategic Partnership and Cooperation

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and OOO Severgroup (“Severgroup”) signed a Memorandum on Strategic Partnership and Cooperation (“Memorandum”). According to the Memorandum, the parties intend to cooperate on supplying materials and equipment for NOVATEK’s projects, including equipment for gas liquefaction trains. …

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Eurasia Journal News

Gazprom Neft and NOVATEK Announce their Intention to Cooperate in the Arctic

Gazprom Neft and NOVATEK have concluded an agreement at this year’s St Petersburg International Economic Forum confirming their intention to cooperate in implementing projects in the Russian Arctic. Signatories to the document were Alexander Dyukov, Chairman of the Management Board, Gazprom Neft, and Leonid Mikhelson, Chairman of the Management Board, NOVATEK. The agreement confirms the parties’ intention of establishing a joint venture …

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Eurasia Journal News

NOVATEK and Gazprom Neft Sign Agreement of Joint Arctic Development

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PAO Gazprom Neft (“Gazprom Neft”) signed an Agreement of Intent on Arctic Projects (“Memorandum”). The document provides for establishing a joint venture to explore and develop Arctic hydrocarbon fields. “Gazprom Neft has been our reliable …

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