NOVATEK Reports Preliminary Operating Data for the Second Quarter and First Half 2021
PAO NOVATEK reported today preliminary operating data for the second quarter and first half 2021. In the second quarter 2021, NOVATEK’s hydrocarbon production totaled 156.6 million barrels of oil equivalent (boe), including 19.95 billion cubic meters (bcm) of natural gas and 3.1 million tons of liquids (gas condensate and crude …
Maintenance Works Scheduled at Yamal LNG
Yamal LNG (“Yamal LNG” and/or the “Project”) announced the scheduled maintenance of the first LNG train with a shutdown for 19 days from 1 to 19 August 2021. The regular maintenance is carried out in accordance with the approved annual schedule and will not affect the planned LNG production volume …
NOVATEK, Sberbank and Gazprombank Sign MOU on Financing Construction of Gas Chemical Plant
As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK, PJSC Sberbank, and Gazprombank (Joint Stock Company) signed a Memorandum of Understanding (“MOU”) on financing the construction of a gas chemical plant on the Yamal peninsula. The Parties intend to organize financing to construct a gas chemical plant in close …
Gazprom Neft and NOVATEK Set up a Joint Venture to Operate on the Arctic Shelf
Gazprom Neft and NOVATEK set up a joint venture to develop the Severo-Vrangelovsky license area. The corresponding agreement was signed at the St. Petersburg International Economic Forum by Alexander Dyukov, Chairman of the Gazprom Neft Management Committee, and Leonid Mikhelson, Chairman of NOVATEK’s Management Committee. The decision was the result of …
NOVATEK and Glencore sign Heads of Agreement on LNG Supply
PAO NOVATEK announced that as part of today’s Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and an affiliate of Glencore Plc signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project. The Agreement established the …
NOVATEK and Zhejiang Energy Sign Heads of Agreement on LNG Supply
PAO NOVATEK announced that as part of today’s Saint-Petersburg International Economic Forum, 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 signed a Heads of Agreement for the long-term supply of LNG from …
NOVATEK: Signed Cooperation Agreement with Rostechnadzor
PAO NOVATEK and the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor) signed a Cooperation Agreement on industrial safety. The Parties intend to exchange information in the field of industrial safety by using of state-of-the-art information systems, as well as cooperating on scientific and training programs and improving …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2021
PAO NOVATEK today released its consolidated interim condensed financial statements for the three months ended 31 March 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2021 1Q 2020 Oil and gas sales 240,749 182,595 Other …
Arctic LNG 2 Participants Conclude Long-Term Offtake Agreements
PAO NOVATEK announced today that its joint venture OOO Arctic LNG 2 concluded 20-year LNG Sales and Purchase Agreements (SPAs) for the total LNG production volumes with all the Project’s participants. The LNG sales from Arctic LNG 2’s first liquefaction train is planned to commence in 2023. The SPAs provide …
NOVATEK and TOTAL Sign Heads of Agreement on Acquiring a 10% Stake in Arctic Transshipment LLC
PAO NOVATEK signed a Heads of Agreement with TOTAL on the sale of a 10% participation interest in Arctic Transshipment LLC. Arctic Transshipment LLC is NOVATEK’s wholly owned subsidiary that will eventual operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions. The transshipment complexes are …