Novatek – Oil & Gas 360

Russia gives green light for new LNG transshipment terminal

February 8, 2020

World Maritime News Russia’s federal autonomous institution Glavgosexpertiza has reviewed and approved the design documentation and engineering survey results for the construction of an LNG transshipment terminal in the Kamchatka Territory. Back in October 2017, the Kamchatka government and PJSC Novatek signed an agreement aimed at developing a sea terminal on the southeast coast of the Kamchatka Peninsula. The terminal

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

August 26, 2019

From Reuters Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies. TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas

CNOOC to Take 10% of Novatek Arctic LNG 2 Project

April 26, 2019

CNOOC Limited Signed a Heads of Agreement with JSC Novatek for the Arctic LNG 2 Project

Russia Eyes Greater Energy Dominance as Novatek Taps Arctic

April 9, 2019

From Bloomberg Almost 1,500 miles from Moscow, the tiny port of Sabetta nestles in a desolate Russian Arctic peninsula. A former outpost for Soviet geologists, it’s now the site of Russia’s most ambitious liquefied natural gas project, operated by a company that only entered the market just over a year ago. Several times a week, a giant tanker leaves this remote

Russia Plans to Outproduce U.S. and Australia in Global LNG Markets

June 1, 2018

From Reuters Russia plans to raise its annual production of seaborne liquefied natural gas (LNG) to as much as 120 million tonnes by 2035 and take market share from Australia and the United States by capitalizing on low costs, a deputy energy minister said. In December, Russia’s No.2 gas producer Novatek and its partners including France’s Total launched the Yamal

Ship Carrying LNG from UK Turns to Mediterranean

January 10, 2018

From Reuters A vessel that picked up liquefied natural gas from the United Kingdom that was headed to the United States has turned toward the Mediterranean, according to Thomson Reuters shipping data on Wednesday. Engie SA’s Gaselys tanker picked up LNG from National Grid SA’s Isle of Grain facility near London on Dec. 30. It was initially expected to deliver

Russia’s Yamal LNG Receives More Cash from China

January 6, 2016

New Chinese investment firm raises $6 billion in financing Russia-based Novatek’s (ticker: NVTK) Yamal LNG project has received a new infusion of capital from a new Chinese investment firm called China Insurance Investment Ltd. The firm is comprised of 46 Chinese companies who have raised 40 billion yuan ($6 billion) to finance energy and infrastructure projects overseas, reports Reuters. The

Financing for Russia’s New LNG Project Falters

October 20, 2015

Novatek struggles to fund its 16.5 million ton per annum Yamal LNG project Efforts to finalizing financing on the only liquefied natural gas (LNG) project currently under development in Russia have stalled. Tarko-Sale, Russia-based Novatek (ticker: NVTK), the lead company on the project and Russia’s largest privately-owned natural gas producer, may continue looking for financing into next year, reports Reuters.

Will Russia Survive the Oil & Gas Downturn?

October 15, 2015

Russia Experts Discuss How Today’s Commodities Prices and Shifting Market Dynamics are affecting the Russian Oil & Gas Industry in this Exclusive Oil & Gas 360® Analysis Around the world, in places where oil and gas is a dominant resource, countries, kingdoms, companies and individual billionaires have been created by the extraction and sale of these fuels. The continuing importance

Russia Turning to China for Long-Term Funding

September 29, 2015

Chinese Fund Buys 9.9% Stake in $27 Billion Russian LNG Project Since the implementation of U.S. sanctions against Russia for its actions in Crimea, one of the major challenges facing the Russian oil and gas industry is gaining access to long-term project financing. Under the current sanctions regime, loans to Russia can be no longer than 30 days if they

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