Eurasia Journal News

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 …

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Eurasia Journal News

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 …

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Eurasia Journal News

NOVATEK Reports Preliminary Operating Data for the First Quarter 2021

PAO NOVATEK reported today preliminary operating data for the first quarter 2021. In the first quarter 2021, NOVATEK’s hydrocarbon production totaled 158.1  million barrels of oil equivalent (boe), including 20.15 billion cubic meters (bcm) of natural gas and 3,129 thousand tons of liquids (gas condensate and crude oil), resulting in …

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Eurasia Journal News

Yamal LNG Reaches Fifty Million Tons Milestone

Yamal LNG announced that it has shipped 50 million tons of LNG since the project’s commencement. The milestone cargo was loaded on the Arc7 ice-class tanker “Nikolay Zubov” and represented the 685th cargo of LNG dispatched since the first cargo in December 2017. In 2020, the facility produced 18.8 million …

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Eurasia Journal News

NOVATEK: First Russian Cryogenic Pump Successfully Tested at Yamal LNG

PAO NOVATEK announced today that the first large-scale cryogenic pump manufactured in Russia was successfully tested at the Yamal LNG project. The cryogenic pump was designed and manufactured by Afrikantov OKB Mechanical Engineering (part of JSC Atomenergomash). The cryogenic pump tests were conducted at Yamal LNG’s current LNG tank storage …

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Eurasia Journal News

NOVATEK Completes First Ship-to-Ship LNG Transshipment in the Murmansk Region

PAO NOVATEK announced today that NOVATEK-Western Arctic, a wholly owned subsidiary, completed Russia’s first ship-to-ship LNG transshipment in the Kildin Strait of the Barents Sea. The Arc7 ice-class LNG tanker “Nikolay Yevgenov” successfully reloaded an LNG cargo delivered from the Yamal LNG facility at Sabetta to the conventional tanker “Yamal …

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Eurasia Journal News

Debt Service Guarantees on Yamal LNG Removed from NOVATEK

PAO NOVATEK today announced that after fulfilling all the conditions stipulated by the Project’s external bank financing, the debt service guarantees of Yamal LNG were formally removed from NOVATEK. “We have reached another significant milestone on Yamal LNG with the removal of the guarantees relating to the project’s financing.” noted …

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Eurasia Journal News

Terneftegaz: a Joint Venture Between Novatek and Total Located in the West Siberian Sub-Arctic

This article, written by Ben Seligman, focuses on a joint venture between Novatek, Russia’s largest independent gas producer, and France’s Total. The JV is called ‘Terneftegaz’. When we think of Novatek and Total’s partnerships in Russia, the big Arctic LNG projects, Yamal LNG and Arctic LNG 2, immediately come to …

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Eurasia Journal News

NOVATEK Shipped First LNG Cargo to Japan via Northern Sea Route

PAO NOVATEK announced today that NOVATEK Gas & Power Asia Pte. Ltd., a wholly owned subsidiary, shipped the first cargo of liquefied natural gas (“LNG”) from the Yamal LNG project to Japan transported eastbound via the Northern Sea Route. The LNG cargo was delivered by the LNG tanker “Vladimir Rusanov” under a …

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Eurasia Journal News

LNG Tanker ‘Christophe de Margerie’ Completes Unique Voyage along the Northern Sea Route

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Arc7 ice-class LNG tanker “Christophe de Margerie” of Sovcomflot successfully transited the Eastbound ice-covered part of the Northern Sea Route (“NSR”) and reached the Bering Strait in only 12 days. The voyage across the NSR to the Bering Strait was …

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