The State Duma Approved the Zeroing of the Mineral Extraction Tax for the Novatek Project in Yamal
The State Duma Committee on Budget and Taxes supported the adoption in the first reading of a bill establishing a zero severance tax rate for gas produced in Yamal and Gydan for the production of ammonia and hydrogen. It can be submitted to the State Duma on May 31. The …
LNG Loading Site Will be Built in Yamal
Glavgosexpertiza of Russia issued a positive opinion on the creation of facilities for the shipment of liquefied natural gas within the framework of the Yamal LNG project. The construction site is located in the Yamal district of the Yamalo-Nenets Autonomous Okrug, on the territory of the project for the production, …
Yamal LNG Produces its Billionth Cubic Meter of Tight Gas from Jurassic Reservoirs
PAO NOVATEK (the “Company”) announced that the Company’s joint venture Yamal LNG has produced its billionth cubic meter of gas from the South-Tambeyskoye gas and condensate field’s Jurassic reservoirs on the Yamal Peninsula since the start of production of Jurassic gas in 2020. The Jurassic program, which is one of …
NOVATEK is Implementing an Oil Program at the Harbeyskoye Field
NOVATEK-Tarkosaleneftegaz, a subsidiary of NOVATEK, is building an oil treatment unit (OTF) at the Harbeyskoye oil and gas condensate field (NGKM) in the Yamalo-Nenets Autonomous Okrug (YaNAO). NOVATEK announced this on May 3, 2023 in its Telegram channel. The OTU is being built on a neighboring site with an operating …
Kommersant Reported a 10% Decrease in Gas Production in the First Quarter
In the first quarter of this year, gas production in Russia fell by 10% compared to the same period last year, to 180 billion cubic meters. m. This was reported by the Kommersant newspaper, citing sources familiar with the statistics. In March, production also decreased by about 10% and amounted …
QatarEnergy Will Develop Fields in Lebanon Instead of NOVATEK
The Qatari oil and gas company QatarEnergy has taken the place of Russia’s Novatek in a project to develop deposits in the exclusive economic zone of Lebanon in the Mediterranean Sea. According to a RIA Novosti correspondent, on Sunday in the Lebanese capital of Beirut, a ceremony was held to …
Representatives of TotalEnergies Resign from NOVATEK’s Board of Directors
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that the Company received notices from representatives of TotalEnergies Arnaud Le Foll and Dominique Marion of their resignation from NOVATEK’s Board of Directors. Source
The Unique Yamal LNG Megaproject is Five Years Old Anniversary
On November 29, 2017, the Yamal LNG project received state permission to put into operation the main technological facilities of the first stage of the liquefied natural gas plant, including the first production line, 58 gas wells and large-scale infrastructure. The Yamal LNG megaproject, which provides for the construction of …
Novatek: Announcement Regarding Third Quarter and Nine Months 2022 Financial Statements
PAO NOVATEK announced today that the Company has decided not to publish its financial statements and not to hold a teleconference with investors on the third quarter and the nine months 2022 financial results. Source
NOVATEK Enhances Methane Leak Detection System
PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-Yurkharovneftegas has launched a project for methane leak monitoring with the use of unmanned aerial vehicles (“UAVs”). The initiative forms part of the Comprehensive Environmental and Climate Change Targets Program as well as development of a multi-level leak detection system. Using UAVs …