Novatek set to oust Gazprom as Russia’s top gas supplier to Europe
Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek (NVTK.MM) mean the company is close to overtaking Kremlin-controlled Gazprom (GAZP.MM) as the country’s leading fuel supplier to Europe,…
Novatek’s Net Profit Falls by 34 Times
Net profit of Novatek according to international financial reporting standards (IFRS), attributable to shareholders, in January-September 2020 decreased 34 times compared to the same period…
NOVATEK announces consolidated IFRS results for 2017
PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”). …
Novatek wins bid for the gas assets of ALROSA
PAO NOVATEK won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion…
Russian Government supports Gazprom’s initiative
Starting from January 1, 2018 Gazprom will be able to sell gas at free prices for subsequent liquefaction and export. Resolution No. 1663 “On Certain…
Production of Liquefied Gas at Yamal LNG Plant Launched
The Yamal LNG plant controlled by NOVATEK started production of liquefied natural gas (LNG) on the first production line with a design capacity of 5.5…