Total to Come on Board Novatek’s Arctic LNG 2 Project
France’s Total could jump onboard the Arctic LNG 2 project being planned by Russia’s largest independent natural gas producer Novatek. The deal could be signed at an economic forum in Russia during the week, Reuters reports citing the Kremlin. The French company already partnered with Novatek on the Yamal LNG …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2018
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2018 1Q 2017 Oil and gas sales …
Novatek: Q1 Results 2018
PAO NOVATEK reported today preliminary operating data for the first quarter 2018. In the first quarter 2018, NOVATEK’s hydrocarbons production totaled 132.5million barrels of oil equivalent (boe), including 16.51 billion cubic meters (bcm) of natural gas and 2,936 thousand tons of liquids (gas condensate and crude oil), resulting in an …
NOVATEK Shipped First LNG Cargo to India
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with LNG produced by the Yamal LNG project. NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev noted: “One of …
NOVATEK and COSCO SHIPPING to Expand Arctic Transportation Collaboration
As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …
NOVATEK Obtains Payutskiy License Area on Gydan
PAO NOVATEK announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area. The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil equivalent according to the Russian resource classification system and contains the Nanadyanskoye gas …
NOVATEK: Buys Geotransgaz and the Urengoy Gas Company at Auction
PAO NOVATEK won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participating interest in Urengoy Gas Company) from ALROSA. The acquisition price following the auction amounted to RR 30.3 billion. Geotransgaz holds …
NOVATEK Signed MOU with Saudi Aramco
PAO NOVATEK (“NOVATEK” and/or the “Company”) signed a Memorandum of Understanding (MOU) with Saudi Aramco, the Saudi Arabian National Oil Company. According to the MOU, the parties agreed to collaborate internationally on natural gas projects, including LNG supplies, development of LNG markets, gas exploration and production projects, as well as research …
NOVATEK Reports Preliminary Operating Data for Twelve Months 2017
Moscow, 16 January 2018. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months 2017. In 2017, NOVATEK’s hydrocarbons production totaled 513.3 million barrels of oil equivalent (boe), including 63.39 billion cubic meters (bcm) of natural gas and 11,772 thousand tons of liquids (gas condensate and …
Arcticgas: Obtains the Osenniy License Area
PAO NOVATEK announced today that its joint venture “Arcticgas” won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Autonomous Region (YNAO). The license area contains estimated hydrocarbon resources of 4,411 million barrels of oil equivalent according to the Russian …