novatek

PAO NOVATEK announced today that Yamal LNG has shipped the first LNG cargo containing 170 thousand cubic meters. The first cargo was sold to PETRONAS LNG UK Limited (PLUK). LNG sales according to the long-term contracts will commence in April 2018. All LNG sales prior to that date will be …

PAO NOVATEK announced today an agreement was concluded to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC. The transaction is expected to close in early 2018. OOO Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to NOVATEK’s infrastructure. The license contains estimated …

PAO NOVATEK announced today the acquisition of AO South-Khadyryakhinskoye and AO Eurotek from AR Oil&Gas B.V., joint venture of AO Neftegazholding and Repsol S.A. AO South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located in close proximity to infrastructure of the North-Khancheyskoye field developed by …

PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first …

PAO NOVATEK announced today the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure. The license contains estimated hydrocarbon …

PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas has successfully completed testing the Jurassic reservoir at well #135R on the West-Yurkharovskiy license area. The Company successfully completed a horizontal well using multi-stage hydro-fracturing at a total vertical depth of 4,100 meters with abnormally high reservoir pressure of 820 …

PAO NOVATEK announced a significant increase in reserves of natural gas, gas condensate and crude oil as a result of exploration works performed in 2017 at the Kharbeyskoye field located in the Tazovskiy District of the Yamal-Nenets Autonomous Region. Upon testing of the exploration well #305, a flow of oil …

Russian company Novatek signed an agreement on strategic cooperation with China National Petroleum Corporation (CNPC). In addition, Novatek and the China Development Bank have signed a memorandum of understanding on broad cooperation. Following the results of Russian-Chinese intergovernmental negotiations, a framework loan agreement was signed between Vnesheconombank and the Export-Import …

PAO Novatek announces that its subsidiaries OOO Arctic LNG-2 and OOO NOVATEK-Yurkharovneftegas obtained new license areas in the Yamal and Gydan peninsulas, which significantly expands the Company’s resource base for implementing new LNG projects. OOO Arctic LNG-2 won the bid for a geological survey, exploration and hydrocarbons production license for …

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles) 2Q 2017 2Q2016   1H 2017 1H 2016 128,030 126,463 Oil and gas …