Yamal LNG: 9.9% Stake Sold to China’s Silk Road Fund for 730m Euros
OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9% equity stake in …
LNG Congress Russia 2016: 16th to 18th of March
On 16-18 March, 2016 Moscow will host the 3-rd Annual LNG Congress Russia 2016. Within the framework of the Congress project operators will share key information on the implementation and construction stages of large, medium and small plants producing liquefied natural gas (LNG). Exhibition will also take part during the …
Yamal LNG: Issues $1.16bn from the National Welfare Fund of Russia
OAO Yamal LNG (“Yamal LNG”) announced the issuance of 15-year bonds for the total amount of RR 75 billion (USD 1.16 billion). The bonds are nominated in US dollars with the interest rate linked to LIBOR. The bonds were issued as part of withdrawal of the second tranche of the …
NOVATEK Announces Consolidated IFRS Results for Third Quarter and Nine Months 2015
OAO NOVATEK (“NOVATEK” or the “Company”) today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the third quarter and first nine months 2015, our total revenues increased by …
NOVATEK and the Silk Road Fund Conclude Framework Agreement on Acquisition of Stake in Yamal LNG
Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK (“NOVATEK”) and China’s Silk Road Fund (“SRF”) concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project …
ERIELL Group Signed a Long-term Contract With Yamal LNG
ERIELL Group has signed a 6-year contract with Yamal LNG OJSC for building 39 producing wells on a trunkey basis in the South Tambey field. “This is the second long-term contract for well drilling in Yamal. We have accumulated the experience that will help us completely justify the confidence of …
NOVATEK Concludes Long-Term LNG Contract with ENGIE
OAO NOVATEK announced today that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, concluded a long-term contract with ENGIE (formerly GDF SUEZ) on the supply of LNG from the Yamal LNG project. The 23-year contract stipulates annual supply of one (1) million tons of LNG from the …
Yamal LNG Signs Icebreaker Contract with USC and Atomflot
Vyborg Shipyard (part of United Shipbuilding Corporation, or USC) and Atomflot signed a shipbuilding contract for the building of a harbor icebreaker for the Yamal LNG Project. The 10 MW diesel-powered harbor icebreaker with an innovative propulsion system will be built at the Vyborg Shipyard to support the harbor operations …
Yamal Oil and Gas 2015 – Delegate Package Flight Offer!
YAMAL OIL & GAS 2015 is the only annual conference of global importance, which takes place in Yamal-Nenets Autonomous district and brings together more than 200 participants, including: more than 70 CEOs and top managers of Russian and international oil and gas companies, governors of local disctricts, government representatives, investors, world’s …
Total Halts Novatek Share Purchasing Due to Sanctions
French oil major Total stopped buying shares in Russia’s Novatek when a Malaysian airliner was shot down over Ukraine, but it is still too early to gauge the impact of western sanctions against Russia, Total said, reported Reuters. * Q2 net adj profit down 12 pct to $3.15 bln * Yamal development …