NOVATEK - KOGAS UNDERSTANDING

NOVATEK - as part of the meeting of the President of Russia, Vladimir Putin, and the President of the Republic of Korea, Moon Jae-in, Chairman of the Management Board of PAO NOVATEK ("NOVATEK") Leonid Mikhelson and President and CEO of Korea Gas Corporation ("KOGAS") Seung-Il Cheong signed a Memorandum of Understanding ("MOU") on collaborating and developing future LNG opportunities.

According to the MOU, the parties agreed to explore opportunities for KOGAS to enter the Arctic LNG 2 project and possible LNG off-take from the project, participate in the LNG transshipment project in Kamchatka and other infrastructure projects, as well as develop cooperation in LNG trading and logistics optimization, including swap operations.

NOVATEK's Chairman of Management Board Leonid Mikhelson noted: "The Asian Pacific markets are a priority destination for our LNG projects as this important geographical region represents the fastest growing markets for natural gas consumption, and South Korea is presently one of the largest importers of LNG. Our scalable LNG projects combined with our huge hydrocarbon resource base, our low cost LNG production and the further development of our logistics model using the Northern Sea Route and the transshipment terminal in Kamchatka create perfect opportunities for mutually beneficial cooperation for our potential partners. The competitiveness and attractiveness of our future LNG projects is once again confirmed with the signing of this MOU with KOGAS – one of the largest players on the Asian LNG market".

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Earlier: 

2018, May, 25, 10:30:00 NOVATEK - TOTAL AGREEMENT: $25.5 BLN NOVATEK - At the 22nd Saint Petersburg International Economic Forum, in the presence of the President of Russia Vladimir Putin and the President of France Emmanuel Macron, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and Chief Executive Officer of TOTAL S.A. (“TOTAL”) Patrick Pouyanné signed a binding agreement on the terms to enter the Arctic LNG 2 project. Русский | English

2018, February, 27, 13:10:00 NOVATEK'S PROFIT DOWN BY 39.3% NOVATEK - Profit attributable to shareholders of PAO NOVATEK decreased to RR 156.4 billion (RR 51.85 per share), or by 39.3%, as compared to 2016. Русский | English

2018, February, 12, 07:05:00 LEBANON OFFSHORE DRILLING NOVATEK - Total and Eni signed exploration and production agreements (Agreements) with the Government of Lebanon to explore and produce hydrocarbons on the offshore blocks 4 and 9 in the Eastern part of the Mediterranean Sea. NOVATEK’s participating interest in the Agreements is 20%, Total and Eni both hold 40% stakes, with Total appointed as the Operator. Русский | English

2018, January, 22, 07:55:00 RUSSIAN LNG TO U.S. BLOOMBERG - Engie bought the cargo from Petroliam Nasional Bhd and that the Malaysian company in turn bought it from Yamal LNG operator Novatek PJSC. It was the first cargo from the Siberian plant. English

2017, December, 4, 22:40:00 NOVATEK - TOTAL - SIEMENS FOR VIETNAM NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its subsidiary NOVATEK Gas and Power Asia Pte Ltd signed a Memorandum of Understanding (MOU) with Total Gas & Power Business Services S.A.S and Siemens Aktiengesellschaft. Русский | English

2017, October, 27, 19:05:00 NOVATEK'S PROFIT ₽112 BLN In the third quarter of 2017, our total revenues amounted to RR 130.7 billion and Normalized EBITDA, including our share in EBITDA of joint ventures, totalled RR 59.3 billion, representing increases of 3.3% and 2.7%, respectively, as compared to the corresponding period in 2016. Русский | English

2017, July, 26, 14:30:00 NOVATEK UP TO 6.3% In the second quarter and first half 2017, our total revenues increased by 1.1% and 6.3%, respectively, compared to the corresponding periods of 2016. Русский | English