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Novatek PAO (NVTK.MM)

NVTK.MM on Moscow Interbank Currency Exchange

1,224.20RUB
3 Dec 2020
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Latest Key Developments (Source: Significant Developments)

Russia's Novatek to discuss dividends in December
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - Russia's top LNG producer Novatek said on Thursday:: Company is able to raise dividend pay out as promised. Board will discuss dividend payout at meeting in December.  Full Article

Russia's Novatek says gas output up 4.5% in Q3 y/y
Monday, 12 Oct 2020 

Oct 12 (Reuters) - Russia's largest producer of liquefied natural gas Novatek says::Natural gas production in third quarter rose by 4.5%, year-on-year, to 19.13 billion cubic metres; .Output of oil and gas condensate edged down by 0.6%, year-on-year, to 3.024 million tonnes in third quarter; .Hydrocarbon production totalled 150.4 million barrels of oil equivalent in third quarter, up 3.6% year-on-year..  Full Article

Russia's Sberbank financing for Arctic LNG 2 could exceed 2.7 bln euros - lender
Thursday, 10 Sep 2020 

Sept 10 (Reuters) - Russia's state lender Sberbank says: :It is interested in financing Russian natural gas producer Novatek's Arctic LNG-2 project as well as Novatel's other LNG projects; .Sberbank's financing of Arctic LNG-2 could exceed 2.7 billion euros ($3.19 billion)..  Full Article

Russia's Novatek says Arctic LNG 2 joint venture charters 15 Arc7 tankers
Monday, 7 Sep 2020 

Sept 7 (Reuters) - Russia's largest producer of liquefied natural gas, Novatek , says::Its Arctic LNG 2 joint venture has entered into long-term charter agreements for 14 Arc7 ice-class LNG tankers with Smart LNG, a joint venture between Novatek and Sovcomflot..The tankers will be built at the Zvezda Shipbuilding Complex..The venture had already agreed a deal for the chartering, financing and construction of a pilot ice-class LNG tanker in October last year. .The participants of Arctic LNG 2 - Novatek, Total <<>>, CNPC, CNOOC, and a consortium of Mitsui and JOGMEC - had earlier agreed to construct 15 Arc7 ice-class LNG tankers at the Zvezda complex. .Further company coverage: NVTK.MM.  Full Article

Russia's Novatek says Q2 hydrocarbon output at 145.3 million boe
Monday, 13 Jul 2020 

July 13 (Reuters) - Russian gas producer Novatek PAO says::Hydrocarbon production totalled 145.3 million barrels of oil equivalent (boe) in Q2 2020;.Hydrocarbon production totalled 295.5 million boe in the first half of 2020, including 37.58 billion cubic meters (bcm) of natural gas and 5,969 thousand tonnes of liquids;.The company produced 18.50 bcm of natural gas and 2,920 thousand tonnes of liquids in the second quarter of 2020;.  Full Article

Russia's Novatek says 2019 organic reserve replacement rate 252%
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - Russia's largest liquefied natural gas (LNG) producer Novatek says::Its organic reserve replacement rate, excluding the effect from acquisitions and disposals which was mainly down to the sale of a 40% stake in Arctic LNG 2 project, amounted to 252%;.Total SEC proved reserves, including company's proportionate share in joint ventures, aggregated 16,265 million barrels of oil equivalent (boe);.That includes 2,234 billion cubic metres (bcm) of natural gas and 193 million metric tonnes (mmt) of liquid hydrocarbons;.Total proved reserves increased by 3% (excluding 2019 production) as compared to year-end 2018, representing a reserve replacement rate of 181% for the year, with the addition of 1,065 million boe, inclusive of 2019 production..  Full Article

Russia's Novatek says 2019 hydrocarbon output up 7.5% y/y
Wednesday, 15 Jan 2020 

Jan 15 (Reuters) - Russia's largest liquefied natural gas (LNG) producer Novatek says::2019 hydrocarbon production rose 7.5% year on year to 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tonnes of liquids (gas condensate and crude oil);.Natural gas production increased 8.6% year on year;.Preliminary natural gas sales volumes, including volumes of LNG sold, at 78.45 bcm, a year-on-year increase of 8.8%;.LNG volumes sold on international markets amounted to 12.80 bcm. .  Full Article

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