REUTERS - “Between 150 and 160 transfers will take place in the port’s fjord from November to June,” local mayor Kristina Sigursdottir Hansen told Reuters. “Ships will be coming with gas from Russia, from Yamal ... More than 300 ships actually (will be involved).”

WSJ - Directly squaring off against U.S. shale exporters, Russia has emerged this year as a major player in the burgeoning market for liquefied natural gas, which is exported across the oceans on special ships. Meanwhile, Russia has been pumping gas into Europe at a record pace in existing pipelines, and to the East it’s close to opening a major pipeline into China, the world’s fastest-growing major gas market.

NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company) announced that its joint venture Yamal LNG has commenced initial production of LNG at the plant’s third LNG train. The total nameplate capacity of all three LNG trains is 16.5 mmtpa, or 5.5 mmtpa per LNG train.

NOV VARCO - National Oilwell Varco, Inc. (NYSE: NOV) announced that its Board of Directors has authorized a share repurchase program to purchase up to $500 million of the Company's outstanding common stock.

NOVATEK - In the third quarter and the nine months of 2018, profit attributable to shareholders of PAO NOVATEK increased to RR 45.9 billion (RR 15.23 per share), or by 21.6%, and to RR 121.1 billion (RR 40.17 per share), or by 8.1%, respectively, as compared to the corresponding periods in 2017.

NOV VARCO - National Oilwell Varco, Inc. (NYSE: NOV) reported third quarter 2018 revenues of $2.15 billion, an increase of two percent compared to the second quarter of 2018 and an increase of 17 percent from the third quarter of 2017. Operating profit for the third quarter of 2018 was $73 million, or 3.4 percent of sales, Adjusted EBITDA (operating profit excluding depreciation and amortization) was $245 million, or 11.4 percent of sales, and net income was $1 million.

PLATTS - Novatek will hold 49% and Fluxys 51% in the joint venture, which plans to build and operate a 300,000-mt-a-year terminal for receiving and unloading mid-scale LNG carriers, keeping LNG in storage, and providing downstream LNG distribution services.

PE - The development of Novatek's still-expanding Yamal liquefied natural gas project has so far proved to be largely immune from Western sanctions. As Asian demand surges, this is bolstering confidence among partners lining up to provide financing for the company's second LNG project on Russia's Arctic coast.

NOVATEK - NOVATEK’s hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 18.9 million boe, or by 4.9%, as compared with the nine months 2017.

NOVATEK - According to the Agreement, the Parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply, downstream and power generation, large-, mid- and small-scale LNG liquefaction plants and other topics of mutual interest.