NOVATEK Reports Preliminary Operating Data for the First Quarter 2022
PAO NOVATEK reported today preliminary operating data for the first quarter 2022. In the first quarter 2022, NOVATEK’s hydrocarbon production totaled 160.0 million barrels of oil equivalent (boe), including 20.64 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude oil), resulting in …
Gennady Timchenko Resigns from NOVATEK’s Board of Directors
PAO NOVATEK announced that Gennady Timchenko has decided to resign from the Company’s Board of Directors effective 21 March 2022. Source
NOVATEK: Unique NSR Voyage Delivers a Module for Arctic LNG 2
PAO NOVATEK announced that the Arc7 ice-class module carrier AUDAX completed its voyage along the Northern Sea Route (NSR) long after the traditional navigation season closure, to deliver a process module weighing almost 12,000 tonnes for Arctic LNG 2 from the Chinese port of Tianjin to Murmansk. The module will …
NOVATEK: Announces Consolidated IFRS Results for the Year Ended 31 December 2021
PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) FY 2021 FY 2020 Oil and gas sales 1,135,206 699,750 Other revenues 21,518 …
NOVATEK: Obtains International Certification for CO2 Underground Storage Sites in Yamal and Gydan
PAO NOVATEK announced today that the first of three stages of international certification for long-term CO2 underground storage sites in the Yamal and Gydan Peninsulas has been successfully completed and that site feasibility certificates have been issued for further study of the sites and subsequent certification stages. Det Norske Veritas …
NOVATEK: 2021 Reserve Replacement Reached 107%
PAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2021. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,409 million barrels of oil equivalent (boe), including 2,261 billion …
NOVATEK: Reports Preliminary Operating Data for 2021
PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2021. In 2021, NOVATEK’s hydrocarbon production totaled 626.0 million barrels of oil equivalent (boe), including 79.89 billion cubic meters (bcm) of natural gas and 12.3 million tons of liquids (gas condensate and crude oil), resulting in …
NOVATEK and Zhejiang Energy Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group (“Zhejiang Energy”) signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG …
NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. (“ENN Natural Gas”) signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG …
NOVATEK: Board of Directors Changes Management Board Composition
The Board of Directors of PAO NOVATEK has passed the resolution to change the composition of the Company’s Management Board. The Board of Directors terminated the powers of the Management Board member Evgeny Kot. Sergey Solovyov who previously held the position of Deputy Chairman of the Management Board – Director …