novatek

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q19 3Q18 9M19 9M18 187,258  217,934  Oil and gas …

PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that Yamal LNG has received notification from TC LNG Shipping L.L.C. (“TC LNG”), the joint-venture owning the Arc7 ice-class tankers, that joint-venture is no longer considered a “Blocked Person” under the US Department of the Treasury’s Office of Foreign Asset Control or …

PAO NOVATEK announced today that Arcticgas, a joint venture between NOVATEK and PAO Gazprom Neft, commenced commercial production at the East-Urengoyskoye+North-Esetinskoye field within the Samburgskiy license area, with estimated annual production capacity of more than one (1) billion cubic meters of natural gas and 0.2 million tons of gas condensate.   …

PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2019. In the third  quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), …

AO NOVATEK announced today, that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (“NSR”) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned …

In respect of the US Department of the Treasury’s Office of Foreign Assets Control order of including COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. into the Iran-related Specially Designated Nationals (“SDN”) list, as well as Teekay LNG Partners L.P. (“Teekay LNG”) statement, …

Russia’s largest independent natural gas producer, Novatek, expects its recently added gas field licenses will provide enough gas to warrant the construction of a third large liquefied natural gas (LNG) plant in Russia, Novatek’s chief executive Leonid Mikhelson said on Thursday. Novatek will have “the necessary resource base for another LNG project …

PAO NOVATEK announced today, that Yargeo, NOVATEK joint venture, successfully completed well number 68 targeting the Jurassic layers at the Yarudeyskoye field, utilizing a horizontal length of 1,068 meters as part of the well construction design. Initial daily well flow rate amounted to 1,010 tons, representing the field’s best well …

PAO NOVATEK Mitsui O.S.K. Lines, Ltd. (MOL) and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region, including possible acquisition of participation interest in Projects …

In the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin and the Minister of Economy, Trade and Industry of Japan Hiroshige Seko, PAO NOVATEK (“NOVATEK” and/or the “Company”) and Saibu Gas Co., Ltd. (Japan), signed the Heads of Agreement (the “Agreement”).                                                    According to the Agreement, …