NOVATEK Announces Consolidated IFRS Results for Second Quarter and First Half 2014
In the second quarter and first half 2014, our total revenues increased by 52.3% and 27.7%, respectively, compared to the corresponding periods of 2013. The growth was mainly due to an increase in average prices for natural gas and liquid hydrocarbons, as well as higher liquid hydrocarbons sales volumes. Average …
NOVATEK’s Statement With Respect to Being Listed on OFAC’s Sectoral Sanction Identification List
In view of the fact that OAO NOVATEK (“NOVATEK” or the “Company”) has been listed on OFAC’s Sectoral Sanctions Identification List (the “List”), the Company hereby issues the following statement: NOVATEK is a privately listed company not conducitng any business activities in Ukraine, nor does it have any impact on …
Teekay LNG: Signs Deal for 6 Icebreaker LNG Carriers for Yamal LNG
Teekay LNG Partners L.P., through a new 50/50 joint venture with China LNG Shipping (Holdings) Limited (China LNG), today announced that it has finalized shipbuilding contracts for six internationally-flagged icebreaker liquefied natural gas (LNG) carriers for the Yamal LNG Project, which is located on the Yamal Peninsula in Northern Russia. Under the agreements, the joint venture …
Novatek: Q2 and H1 Results
OAO NOVATEK reported today preliminary operating data for the second quarter and first half 2014. In the second quarter 2014, NOVATEK’s gross production totaled 15.59 billion cubic meters (bcm) of natural gas and 1,356 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas …
Rosneft, Gazprom, Novatek, Gazprombank, Sovkomflot, USC and Ministry of Industry and Trade Sign JV Agreement To Form Far Eastern Shipbuilding Center
At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construction and design projects on the 16th of June. The …
Yamal LNG: Binding contract on LNG supply concluded with CNPC
Yamal LNG announced the conclusion of a binding contract for the supply of liquefied natural gas (LNG) with China National Petroleum Corporation (“CNPC”). The contract provides for the supply of three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 20 years. LNG …
NOVATEK Announces Consolidated IFRS Results for First Quarter 2014
NOVATEK today released its consolidated interim condensed financial information as of and for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the first quarter 2014, our total revenues increased by 10.1% to RR 88.7 billion compared to RR 80.6 billion in the …
NOVATEK Reports Preliminary Operating Data for First Quarter of 2014
NOVATEK reported today preliminary operating data for the first quarter 2014. In the first quarter 2014, NOVATEK’s gross production totaled 15.71 billion cubic meters (bcm) of natural gas and 1,370 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in natural gas production by 2.4% and …
Novatek Confrim Severenergia with Gazprom Neft
The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture. NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The …
Gazprom Neft and Novatek Agree to Equal Ownership of SeverEnergia
Gazprom Neft and Novatek have announced an agreement for 50/50 ownership of SeverEnergia’s shares. Following a series of transactions with Novatek, Gazprom Neft will increase its effective ownership of the joint owned company by 9.8% to 50%. Vadim Yakovlev, First Deputy CEO of Gazprom Neft, said: “The agreement between SeverEnergia’s …