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Novatek PAO (NVTK.MM)

NVTK.MM on Moscow Interbank Currency Exchange

1,330.60RUB
20 Oct 2019
Change (% chg)

руб-6.20 (-0.46%)
Prev Close
руб1,336.80
Open
руб1,335.20
Day's High
руб1,339.00
Day's Low
руб1,324.00
Volume
402,850
Avg. Vol
611,532
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руб1,382.20
52-wk Low
руб1,013.80

Latest Key Developments (Source: Significant Developments)

Novatek to raise LNG output to 70 mln T/year - CEO
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - Russian gas producer Novatek PAO ::Novatek plans to raise liquefied natural gas output to 70 million tonnes a year, Novatek CEO said on Wednesday..Global prices for LNG will remain low for the foreseeable future, he said. .  Full Article

HMS Group And Novatek Sign Memo On Localization Of LNG Equipment
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - HMS Group ::HMS GROUP HMS AND NOVATEK SIGN MEMO ON LOCALIZATION OF LNG EQUIPMENT.MEMORANDUM COMPOSES LONG-TERM INTENTION OF PARTIES TO PURSUE WIDE-SCALE COOPERATION TO LOCALIZE MANUFACTURING OF COMPRESSORS, PUMPS AND OTHER EQUIPMENT FOR NOVATEK'S LNG PROJECTS.  Full Article

CNOOC Ltd Says Unit Shall Acquire 10% Equity Interest In Arctic LNG 2 LLC
Sunday, 9 Jun 2019 

June 9 (Reuters) - CNOOC Ltd <0883.HK>::CO, UNIT CEPR ENTERED INTO SHARE PURCHASE AGREEMENT WITH JOINT STOCK COMPANY NOVATEK, ITS UNIT EKROPROMSTROY LIMITED LIABILITY CO.UNIT CEPR LTD SHALL ACQUIRE 10% EQUITY INTEREST IN ARCTIC LNG 2 LLC HELD BY EKROPROMSTROY, UNIT OF JSC NOVATEK.  Full Article

Russia's Novatek signs deal to sell 10% in Arctic LNG 2 to CNPC
Friday, 7 Jun 2019 

June 7 (Reuters) - Russian gas producer Novatek says: :Novatek and China National Petroleum Corp <<>> have signed a share purchase agreement (SPA) on a stake in Novatek's Arctic LNG 2; .The SPA with CNPC concerns the sale of a 10% participation interest in the Arctic LNG 2 project, Novatek said; .The agreement will close in the nearest future, Novatek said. .  Full Article

Russia's Novatek to raise capex to 691 bln rbls in 2021
Tuesday, 21 May 2019 

May 21 (Reuters) - Russia's largest independent gas producer Novatek PAO says::The company plans to increase total capital expenditure to 691 billion roubles ($10.7 billion) in 2021 from 566 billion roubles in 2019, Novatek said on Tuesday. .A spokeswoman for Novatek said the figures include investments at joint ventures and subsidiaries..  Full Article

Novatek: Arctic LNG 2 And Siemens Sign Equipment Supply Contract
Friday, 1 Feb 2019 

Feb 1 (Reuters) - NOVATEK ::ARCTIC LNG 2 AND SIEMENS SIGN EQUIPMENT SUPPLY CONTRACT.SCOPE OF SUPPLY UNDER THE CONTRACT INCLUDES THREE FEED GAS COMPRESSORS AND SIX BOIL-OFF GAS COMPRESSORS.DOCUMENT ALSO PROVIDES FOR LOCALIZING THE EQUIPMENT FABRICATION FOR THE PROJECT’S THIRD TRAIN IN RUSSIA..  Full Article

Saudi Aramco is serious about buying stake in Russia's LNG project - Falih
Thursday, 17 Jan 2019 

Jan 16 (Reuters) - Novatek PAO ::SAUDI ENERGY MINISTER KHALID AL-FALIH SAYS SAUDI ARAMCO IS SERIOUS ABOUT BUYING A STAKE IN RUSSIA'S NOVATEK ARCTIC LNG PROJECT, BUT YET TO AGREE ON PRICE AND TERMS.SAYS HOPES ARAMCO WILL BE A SIGNIFICANT SHAREHOLDER IN NOVATEK’S ARCTIC LNG 2 PROJECT, NOT A SYMBOLIC SHAREHOLDER.SAYS DEAL BETWEEN ARAMCO AND NOVATEK NOT CLOSED YET BUT TALKS ARE FAIRLY ADVANCED .  Full Article

Russia's Novatek: 2018 gas output to be higher than previously expected
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Russia's largest non-state natural gas producer Novatek says::SEES 2018 GAS PRODUCTION FORECAST UP 1-2 PERCENTAGE POINTS FROM PREVIOUSLY EXPECTED GROWTH OF 7-8 PCT.YAMAL LNG DUE TO RECEIVE TANKER TO SHIP CONDENSATE SOON.YAMAL LNG TO PRODUCE AROUND 1.2 MILLION TONNES OF CONDENSATE AFTER THIRD TRAIN LAUNCH.HOPES TO RECEIVE SECOND TANKER FOR YAMAL CONDENSATE SHIPMENTS IN THREE MONTHS.SEES NO NEED IN SHIP-TO-SHIP EXPORT OF CONDENSATE FROM YAMAL.  Full Article

Yamal LNG commenced third LNG train production - Russia's Novatek
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Russian energy firm Novatek says: :Its Yamal LNG joint venture has commenced production at the plant's third LNG train; ."We have successfully launched all three LNG trains at our flagship Yamal LNG project according to our revised early launch schedule clearly confirming the uniqueness of Yamal LNG in the global LNG industry," Novatek head Leonid Mikhelson said. .  Full Article

Russia's Novatek obtains South-Leskinskiy licence area
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Russia's Novatek says::Has won auction for geological survey, exploration and production licence for the South-Leskinskiy sub-soil licence area on the Gydan peninsula in the Krasnoyarsk region.The area has estimated hydrocarbon resources of 3.5 billion barrels of oil equivalent, according to Russia's resource classification system.The licence is for 27 years and the auction involved a one-time payment for the sub-soil use of 2.0 billion roubles ($30 million).The South-Leskinskiy licence area is located close to Novatek's existing licences on the Gydan peninsula.The new licence is consistent with the company's strategy to expand its hydrocarbon resource base on the Yamal and Gydan peninsulas to increase natural gas and liquid hydrocarbons production.  Full Article