Novatek Company News
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Arctic LNG 2 Contracts Go to CCC
Friday, April 24, 2020The Arctic LNG 2 project is on Russia's Gydan Peninsula on the opposite side of Ob Bay from the Yamal LNG complex. PHOTO SOURCE: Novatek
$7.6B Russia LNG Contract Goes to TechnipFMC
Wednesday, July 24, 2019Arctic LNG 2 is being developed across the Gulf of Ob from Yamal LNG, pictured here. PHOTO SOURCE: Novatek
Thick Sea Ice Blocks LNG Exports From Russia's Arctic Plant
Thursday, June 21, 2018Thick sea ice is impeding Arctic shipments of LNG from Russia's newly-built export plant in Yamal.
Les Echos: Novatek CEO Says He Believes Total Will Join Arctic LNG 2
Wednesday, April 25, 2018Total could join Novatek's second large-scale LNG project called Arctic LNG 2 in Russia.
Russian LNG Exporter Warns Against 'Vilifying' Country's Gas
Friday, March 16, 2018"We've been vilified for delivering gas to the market," said Novatek's CFO.
RIA: Russia's Novatek To Launch Second Yamal LNG Line In September
Wednesday, January 31, 2018Novatek will launch a second line at its Yamal LNG plant in September.
Russia's Novatek Sells First Gas Condensate Cargo From Yamal LNG
Monday, January 29, 2018Novatek sells first gas condensate cargo from Yamal LNG.
Report: US May Get First LNG Import From Russia Despite Sanctions
Tuesday, January 09, 2018A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions.
RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project
Monday, November 13, 2017Russia and Saudi Arabia have agreed to study the possibility of Saudi Aramco taking part in Novatek's Arctic LNG 2 project.
Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes
Tuesday, October 17, 2017Novatek plans to expand the Yamal LNG project by one more train.
Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share
Friday, August 25, 2017The board of Russia's largest non-state gas producer Novatek has recommended a first-half dividend payment of 6.95 roubles per share.
Saipem Seen Getting Work In Novatek's Arctic LNG 2 Project
Monday, July 24, 2017Saipem is likely to get a sub-contractor role in a new project to produce LNG in the Arctic by Russia's Novatek.
Contest Launched Among Street Art Painters for Yamal LNG Tank Design
Thursday, April 20, 2017JSC Yamal LNG is holding a contest among street art painters and artists to determine a winning design for the Yamal LNG tanks, situated above the Arctic Circle in the Yamal Peninsula.
Russia's Novatek Says 1Q Gas Output Down 8.8% YOY
Monday, April 10, 2017Novatek says its natural gas output declined by 8.8% in the first quarter of the year compared to the same period in 2016.
Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa
Monday, December 12, 2016Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million) from Intesa Sanpaolo bank.
Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project
Thursday, November 24, 2016Japan Bank for International Cooperation (JBIC) is set to provide a 200 million euro ($211 million) loan to the Yamal liquefied natural gas (LNG) project in Russia led by Novatek.
Russia's Yamal LNG Gets First $1B Tranche From Russian Banks
Friday, June 10, 2016Russia's Novatek-led Yamal liquefied natural gas project receives its first financing tranche of $1.13 billion from Russia's Sberbank and Gazprombank.
Russia's Novatek Says Shareholders To Decide On $600M Loan For Yamal LNG
Thursday, June 09, 2016Novatek says its shareholders will decide on a new loan worth $600 million for the Yamal LNG project on June 20, according to Interfax news agency.
Novatek Could Buy Out Shareholders Opposing Yamal Loan Deal
Friday, May 20, 2016Novatek recommends buying back shares from those shareholders who do not approve external financing of its Yamal liquefied natural gas project.
Russia's Novatek, Thai PTT Sign Memorandum on Upstream, LNG
Wednesday, May 18, 2016Russia's gas producer Novatek and Thailand's largest energy company PTT sign a memorandum of understanding that foresees joint exploration and development of hydrocarbons and supplies of liquefied natural gas.
Russian Tycoon Timchenko Transfers Novatek Stake To Volga Group
Thursday, May 12, 2016Gennady Timchenko transfers 13.2% of his direct equity stake in Novatek to Volga Group.
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Friday, April 29, 2016Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016Leonid Mikhelson, the head of No.2 Russian gas producer Novatek, says the Yamal LNG project is unlikely to get loans from China next month.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016The Yamal LNG project is unlikely get loans from China next month says Leonid Mikhelson, the head of No.2 Russian gas producer Novatek.
Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B
Friday, April 22, 2016Total debt financing of the Novatek-led Yamal LNG project is estimated at $18-19 billion, says Novatek's chief executive.
Novatek-led Yamal LNG Agrees on $4.1B Loan from Russian Banks
Thursday, April 07, 2016Russia's Novatek-led Yamal LNG project agrees on the terms of a $4.11 billion loan from Sberbank and Gazprombank.
Russia's Novatek Sees 2016 Liquids Production Up 30%
Tuesday, March 22, 2016Novatek expects its production of crude oil and gas condensate to increase by 30 percent this year, says the company's chief executive Leonid Mikhelson.
Russia's Novatek Completes Deal to Sell Yamal LNG Stake
Tuesday, March 15, 2016Russia's No.2 natural gas producer Novatek says it has completed a deal to sell a 9.9 percent stake in the Yamal LNG project to China's Silk Road Fund for $1.2 billion.
Russia's Novatek to Launch 1st Yamal LNG Train with No Additional Financing
Thursday, March 10, 2016Russia's Novatek plans to launch its first Yamal LNG train in 2017, requiring no additional financing, according to an executive.
Russia's Novatek Sees Yamal LNG Financing in 2-3 Months
Wednesday, March 09, 2016Novatek expects its Yamal LNG project to secure external financing in the next 2-3 months, according to the Interfax news agency.
Novatek Increases Total Proved Reserves
Tuesday, January 26, 2016Novatek's total proved reserves increase to 12.817 million barrels of oil equivalent in 2015, from 12.643 million barrels of oil equivalent in 2014.
Russia's Novatek Sees 2016 Capex Down to 40B Roubels
Friday, January 22, 2016Russia's No.2 gas producer expects capital spending of $505 million this year, down on that for 2015.
Novatek: Yarudeyskoye Oil Field Reaches Production Capacity
Tuesday, January 12, 2016The Yarudeyskoye oil field in Russia reaches its planned production capacity of 9,700 tons (69,287 barrels) of crude oil per day.
Novatek Says China's Silk Road Fund Provided 700M Euros to Yamal LNG
Thursday, December 17, 2015China's Silk Road Fund has invested $761 million in the Yamal LNG project, according to Russian oil firm Novatek.
Russia's Novatek Swings to 3Q Net Loss on Rouble Devaluation
Wednesday, October 28, 2015Russian's second largest gas producer, Novatek, swings to a third quarter net loss due to a weaker rouble.
China to Lend $12B to Novatek-Led Yamal LNG
Friday, September 11, 2015Chinese banks are expected to lend $12 billion to the Novatek-led Yamal LNG project, according to Novatek Chief Executive Leonid Mikhelson.
Silk Road Fund to Obtain 9.9% Stake in Novatek's Yamal LNG Project
Thursday, September 03, 2015Novatek signs a framework agreement for China's Silk Road Fund to obtain a 9.9% stake in its Yamal liquefied natural gas project.
Russia's Novatek to Sell 10% in Yamal to Chinese Fund
Monday, August 24, 2015Novatek is close to selling a 9.9% stake in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.
Russia's Timchenko Confident Yamal LNG will be Finished
Tuesday, June 02, 2015Gennady Timchenko, co-owner of Russia's second biggest gas producer Novatek, is confident the Yamal LNG project will be finished.
Total CEO: Funds for Yamal LNG to be Unblocked by End-2015
Friday, May 29, 2015Total CEO says he expects funding for the $27-billion Yamal LNG project to be made available by lenders before the of the year.
Novatek Co-owner Says CNPC Not Planning to Increase Stake in Yamal
Friday, May 08, 2015Gennady Timchenko, co-owner of Novatek, says China National Petroleum Corporation is not planning to increase its stake in the Yamal LNG project.
Russia's Novatek Says 1Q Net Profit Up 23%, Beats Forecast
Tuesday, April 28, 2015Russia's Novatek boosts its first quarter profit by 23 percent thanks to rising sales and production.
Russia's Novatek Says Weaker Rouble Slashes 2014 Profit
Friday, February 27, 2015Novatek's 2014 net income more than halves due to a weaker rouble.
Stakeholder: Quarter of Work Completed at Russia's Yamal LNG Project
Friday, February 06, 2015Some 20-25 percent of Russia's liquefied natural gas project, Yamal LNG, has been built, the Russian energy ministry's press service cited a stakeholder as saying.
Yamal LNG Inks Contract with Gazprom to Supply LNG to Asia Pacific
Monday, January 26, 2015Yamal LNG inks 20-year agreement to provide liquefied natural gas to Gazprom for delivery to Asia Pacific, primarily India.
RIA: Russia's Novatek Sees 2015 Gas Output Up 6%
Friday, January 23, 2015Russia's Novatek sees its 2015 gas output increasing by six percent and its production of liquids more than 40 percent greater.
Stage Two of Russia's Urengoyskoye Field Launched
Wednesday, December 17, 2014Novatek reports the launch of the second stage of the Urengoyskoye field, onshore Russia.
First Stage of Urengoyskoye Field Reaches Full Capacity
Thursday, December 11, 2014Novatek reports that the first stage of the Urengoskoye field, onshore Russia, reaches its full capacity of 246 Bcf of gas and 18.3 million barrels of gas condensate per annum.
Russia's SeverEnergia Launches New Gas Production Stage
Monday, September 15, 2014Russia's SeverEnergia expands natural gas production at its Arctic field to help it meet output targets.
Russia's Novatek CEO Says Plans Unchanged Despite Sanctions
Tuesday, September 09, 2014Novatek CEO says Russian firm will not change its future plans in spite of Western sanctions.