NOVATEK and RWE Sign MOU on Decarbonization and LNG
PAO NOVATEK and RWE Supply & Trading GmbH (“RWE”) signed a Memorandum of Understanding (“MOU”) to mutually cooperate in the field of LNG supply and decarbonization. The MOU envisages the supply by NOVATEK to RWE of low-carbon ammonia and hydrogen to be produced at the Company’s planned project Obskiy GCC …
NOVATEK and PetroVietnam Power Sign Cooperation Agreement on LNG and Power
During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan Phuc, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam (the “Agreement”). President Nguyen Xuan Phuc and NOVATEK’s Chairman of the Management Board Leonid …
Arctic LNG 2: Signs Loan Agreements with International Banks
Arctic LNG 2 announced today the signing of loan agreements with international financial institutions and commercial banks. The maximum aggregate loan amount under the facilities to be provided by the Russian and international banks is EUR 9.5 billion for up to 15 years. The external financing package with a consortium …
NOVATEK Starts Production at Kharbeyskoye Field
PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-TARKOSALENEFTEGAS has started pilot production from gas condensate deposits at the Kharbeyskoye field, part of the North-Russkiy cluster. The annual production level for the field’s gas and gas condensate program is 3.6 bcm of natural gas and 0.6 mmt of gas condensate. …
NOVATEK: to Launch the Harbeyskoye Field in the Yamalo-Nenets Autonomous Okrug Within a Few Weeks
NOVATEK will launch the Harbeyskoye oil and gas field in the Tazovsky District of the Yamalo-Nenets Autonomous District within a few weeks. This was stated by the head of the company’s investor relations department Alexander Nazarov. The Kharbeyskoye field is part of the North-Russian block, along with the North-Russkoye, Dorogovskoye and …
NOVATEK Announces Consolidated IFRS Results for the Third Quarter and the Nine Months 2021
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q 2021 3Q 2020 9M 2021 …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2021
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2021. In the third quarter 2021, NOVATEK’s hydrocarbon production totaled 149.5 million barrels of oil equivalent (boe), including 19.0 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude …
First Modules Delivered for the Arctic LNG 2 Project
Arctic LNG 2 today announced that the first modules for LNG Train 1 were successfully delivered by the Project’s EPC contractor, a joint venture of Technip Energies, Saipem and NIPIGAS. The two first pipe-rack modules weighing approximately nine thousand tons each were shipped from the Zhoushan port in China to …
NOVATEK Obtains the Arkticheskoye and Neytinskoye Fields
PAO NOVATEK announced today that the Company’s wholly owned subsidiary, Yamal LNG Resource, won the auctions for geological survey, exploration, and production licenses for two subsoil license areas, which includes the Arkticheskoye and Neytinskoye fields on the Yamal Peninsula in the Yamal-Nenets Autonomous Region. The Arkticheskoye and Neytinskoye fields have …
NOVATEK and Ministry of Economy, Trade and Industry of Japan Sign Memorandum of Cooperation
As part of today’s Eastern Economic Forum, in the presence of the Minister of Energy of the Russian Federation Nikolai Shulginov and the Minister of Economy, Trade and Industry of Japan Hiroshi Kajiyama, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the Ministry of Economy, Trade and Industry of Japan signed …