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India

Novatek PAO (NVTK.MM)

NVTK.MM on Moscow Interbank Currency Exchange

1,276.20RUB
20 Aug 2019
Change (% chg)

руб0.60 (+0.05%)
Prev Close
руб1,275.60
Open
руб1,280.00
Day's High
руб1,281.60
Day's Low
руб1,270.00
Volume
632,490
Avg. Vol
718,335
52-wk High
руб1,382.20
52-wk Low
руб973.20

Latest Key Developments (Source: Significant Developments)

Saipem Joins JV For Implementation Of Arctic LNG2 Project
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Saipem SpA ::JOINS JV FOR IMPLEMENTATION OF ARCTIC LNG2 PROJECT WITH WORK QUOTA OF APPROXIMATELY 2.2 BILLION EUROS.AGREEMENT WITH TECHNIP FRANCE SA AND NIPIGASPERERABOTKA TO PARTICIPATE IN JOINT VENTURE FOR REALIZATION OF THE ARCTIC LNG2 PROJECT.THE CONTRACT WILL BE EXECUTED UNDER LUMP SUM AND REIMBURSABLE BASIS.HAS BEEN ASSIGNED A SHARE OF THE PROJECT WORTH APPROXIMATELY 2.2 BILLION EURO.PROJECT HAS BEEN AWARDED BY ARCTIC LNG2, A COMPANY FORMED BY NOVATEK JSPC (60%) AND EKROPROMSTROY LTD (40%).  Full Article

Russia's Novatek net profit up 9 times in Q1 y/y
Thursday, 25 Apr 2019 

April 25 (Reuters) - Russian gas producer Novatek says::Q1 net profit stood at 381.8 billion roubles, up from 43.1 billion roubles in Q1 2018.."The increase was primarily due to the recognition of a net gain on the disposal of a 10 percent participation interest in the Arctic LNG 2 project in March 2019 in the amount of 308.6 billion roubles," it said. .It was also largely due to "the recognition of non-cash foreign exchange effects on foreign currency-denominated loans of the group and its joint ventures in both reporting periods," it added. .Q1 revenue stood at 234.1 billion roubles versus 178.5 billion roubles in Q1 2018..Q1 normalized EBITDA stood at 117.9 billion roubles, up from 76.3 billion roubles in Q1 2018..Q1 normalized profit attributable to shareholders was at 65.7 billion roubles, up from 46.9 billion roubles in Q1 2018..  Full Article

Russia's Novatek sets final 2018 dividend at 16.81 rbls/share
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Russian gas producer Novatek PAO says::The board of directors recommended to the annual general meeting of shareholders to approve dividend payments on the company's shares in the amount of 16.81 roubles ($0.2614) per ordinary share (or 168.1 roubles per GDR), excluding the interim dividends of 9.25 roubles per ordinary share (or 92.5 roubles per GDR) paid for the six months of 2018;.The total dividend distribution for 2018 is 26.06 roubles per ordinary share (or 260.6 roubles per GDR), representing an increase of 74.3 percent as compared to 14.95 roubles (or 149.5 roubles per GDR) for 2017;.The total recommended dividend payout amount for 2018 is 79.1 billion roubles, which is consistent with the company's dividend policy of distributing not less than 30 percent of the consolidated net profit under IFRS adjusted for the items unrelated to the company's core business and non-cash items..  Full Article

Russia's Novatek says 2019 capex to double y/y to 185 bln rbls
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Russian gas producer Novatek PAO ::2019 capital expenditure will double year on year to 185 billion roubles ($2.82 billion), Chief Financial Officer Mark Gyetvay said on a conference call on Thursday; .Novatek has signed several contracts for its future Arctic LNG 2 project - CFO; .Capital costs of $20-21 billion for Arctic LNG 2 are maintained - CFO;.Novatek plans to close deal to sell a 10 percent stake in Arctic LNG 2 project to French oil and gas group Total <<>> by the end of Q1 2019 - CFO;.Novatek aims to make a final investment decision on Arctic LNG 2 project in H2 2019 - CFO..  Full Article

Russia's Novatek starts oil production at Yaro-Yakhinskoye field
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Russia's largest non-state natural gas producer Novatek says::It began oil production at Yaro-Yakhinskoye field in Russia's Yamalo-Nenets Region..The field is developed by Arcticgas, a joint venture between Novatek and Gazprom Neft <<>>..The field's production capacity is estimated at 1.2 million tonnes of crude oil a year..  Full Article

Unipro Lowers Volume Of Gas Supply Deal With Novatek
Wednesday, 26 Dec 2018 

Dec 26 (Reuters) - Unipro ::SAYS LOWERS VOLUME OF GAS SUPPLY DEAL WITH NOVATEK TO ITS SURGUTSKAYA GRES-2 POWER PLANT FOR 2019-2027.SAYS VALUE OF DEAL IS RUB 78.56 BILLION.LOWERS VOLUME AND VALUE OF GAS SUPPLY DEAL WITH NOVATEK-PERM TO ITS YAYVINSKAYA GRES FOR 2019-2027 TO RUB 14.51 BLN.  Full Article

Unipro To Consider Prolonging Gas Supply Contract With Novatek Until 2027
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Unipro ::SAYS ITS BOARD WILL CONSIDER PROLONGING GAS SUPPLY CONTRACT WITH NOVATEK UNTIL 2027 ON DEC 11.  Full Article

Enel Russia Prolongs Gas Supply Contract With Novatek
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Enel Russia ::SAYS PROLONGS GAS SUPPLY CONTRACT WITH NOVATEK <<>> FOR 2019-2021.SAYS VALUE OF THE DEAL IS UP TO RUB 33 BILLION.  Full Article

Russia's Novatek says Q1 hydrocarbons production up 1.5 pct y/y
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Russia's top non-state gas producer said on Tuesday::The company's hydrocarbons production totaled 132.5 million barrels of oil equivalent (boe) in the first quarter of 2018;.Total Q1 hydrocarbons production increased by 2 million boe, or by 1.5 percent, compared to the first quarter of 2017;.Output figure includes 16.51 billion cubic meters (bcm) of natural gas and 2,936 thousand tonnes of liquids..  Full Article

Total says to drill first Lebanon block 4 well in 2019
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Total Sa ::TOTAL SAYS STRENGTHENS ITS POSITION IN THE MEDITERRANEAN REGION BY ENTERING TWO EXPLORATION BLOCKS OFFSHORE LEBANON.TOTAL-LED INTERNATIONAL CONSORTIUM WITH ENI AND NOVATEK, AND THE GOVERNMENT OF LEBANON HAVE SIGNED TWO EXPLORATION AND PRODUCTION AGREEMENTS.TOTAL IS OPERATOR OF PROJECT WITH 40 PERCENT, ENI 40 PERCENT AND NOVATEK 20 PERCENT.TOTAL SAYS AGREEMENT COVERS BLOCKS 4 AND 9 LOCATED OFFSHORE LEBANON, IN THE EASTERN PART OF THE MEDITERRANEAN SEA.TOTAL SAYS CONSORTIUM'S PRIORITY WILL BE TO DRILL A FIRST EXPLORATION WELL ON BLOCK 4 IN 2019.TOTAL SAYS IT AND PARTNERS ARE FULLY AWARE OF THE ISRAELI-LEBANESE BORDER DISPUTE IN THE SOUTHERN PART THAT COVERS ONLY VERY LIMITED AREA OF BLOCK 9.THE CONSORTIUM CONFIRMS THAT THE EXPLORATION WELL ON BLOCK 9 WILL HAVE NO INTERFERENCE AT ALL WITH ANY FIELDS OR PROSPECTS LOCATED SOUTH OF THE BORDER AREA.  Full Article