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Novatek PAO (NVTK.MM)

NVTK.MM on Moscow Interbank Currency Exchange

1,305.40RUB
13 Jun 2019
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Latest Key Developments (Source: Significant Developments)

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

Novatek signs partnership agreement with Siemens
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Russian natural gas producer Novatek says it has signed a strategic partnership and cooperation agreement with Siemens ::The parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects..The scope of cooperation includes LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest..Novatek plans to significantly increase production of natural gas and LNG..Interested in developing the whole natural gas value chain to enhance the competitive advantages of our scalable low-cost LNG projects.."We are going to expand this cooperation not only in Russian Federation, but also in other countries," said Leonid Mikhelson, Novatek's Chairman of the Management Board..  Full Article

HMS Group To Manufacture Gas Compression System For Novatek's LNG Project
Wednesday, 4 Jul 2018 

July 4 (Reuters) - HMS Hydraulic Machines & Systems Group PLC ::SAYS IS TO MANUFACTURE A GAS COMPRESSION SYSTEM FOR NOVATEK'S LNG PROJECT.  Full Article