YAMAL LNG - 2 LAUNCHED

NOVATEK - PAO NOVATEK  announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the first two LNG trains in record time.

The first gas input into the second LNG train occurred on the 21st July and is now operating at its rated nameplate capacity of 5.5 million tons per annum (mmpta). The total capacity of the two working LNG trains is 11 mmpta.

"We have not only commissioned the first train at Yamal LNG on time and on budget, but we have significantly expedited the formal commissioning of the second train." noted NOVATEK's Chairman of Management Board Leonid Mikhelson. "Presently, the third LNG train start-up is also expected to be launched significantly ahead of original schedule – an unprecedented achievement for the LNG industry. The total operating capacity of the two working LNG trains already approximates about 3.5% of the global LNG market and becomes a significant project in the context of the global LNG landscape. Our strategic goal is to produce between 55 and 60 mmtpa by 2030".

-----

PAO NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».

-----

Earlier:

2018, July, 27, 12:10:00 NOVATEK'S PROFIT RUB 32 BLN NOVATEK - In the second quarter and the first half of 2018, profit attributable to shareholders of PAO NOVATEK increased to RR 32.0 billion (RR 10.63 per share), or by approximately ten-fold, and to RR 75.2 billion (RR 24.93 per share), or by 1.2%, respectively, as compared to the corresponding periods in 2017. Русский | English

2018, July, 23, 13:30:00 RUSSIA'S LNG FOR CHINA NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company”) has shipped its first cargos of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. Русский | English

2018, July, 12, 10:10:00 NOVATEK'S PRODUCTION: +2.4% NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017. Русский | English

2018, June, 25, 12:05:00 NOVATEK - KOGAS UNDERSTANDING NOVATEK - 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. Русский | English

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, March, 16, 10:05:00 RUSSIAN GAS FOR BRITAIN AGAIN FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.

2018, March, 16, 10:00:00 RUSSIAN GAS FOR BRITAIN OVER REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.