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  • Fire put out at Novatek's Baltic terminal after two explosions
    The fire in the port of Novatek's Ust-Luga Baltic terminal that started last night has been completely extinguished, the head of the administration of Kingisepp district Yuri Zapalatsky said in a Telegram post on Monday. Zapalatsky earlier said that the fire was caused by two explosions, while some...
  • Novatek to take over Shell's Sakhalin stake for $1.2B
    The Russian government confirmed on Wednesday in an order, seen by Russian media outlets, that it has approved the country's second-largest natural gas producer Novatek's acquisition of Shell plc's stake in the Sakhalin Energy LLC, which is in charge of the Sakhalin-2 oil and gas project. Russian...
  • Novatek announces withdrawal from LSE
    Novatek PJSC announced on Tuesday its intended delisting from the London Stock Exchange (LSE). The oil and gas company explained the decision was "in connection with the actual suspension of trading of the company's depositary receipts from 3 March 2022" amid the sanctions the United...
  • 15 Russian firms approved to stay listed abroad
    Ivan Chebeskov, Director of the Financial Policy Department of the Russian Ministry of Finance, announced on Wednesday that 15 Russian companies, including Norilsk Nickel and Novatek, received permission to remain listed on foreign exchanges. According to the ministry, 19 out of 36 Russian...
  • Poland: Gas supplies Novatek cut off replaced
    PGNiG, a Polish state-controlled oil and gas company, announced on Saturday in a statement that it has managed to provide gas flows to "all 10 municipalities where natural gas has ceased to be supplied by the sanctioned company [Russia's] Novatek Green Energy." The company further said it...
  • Novatek's gas field caught on fire killing two people
    Novatek, the Russian second-largest natural gas producer’s gas field was caught on fire on Saturday, claiming the lives of two people. The country’s Ministry of Emergency Situations revealed that the East-Tarkosalinskoye field’s elevator vehicle went up in flames and that three more followed. The...
  • Putin promises to increase gas deliveries to China
    Supplies of liquefied natural gas, or LNG, to China will be boosted, Russia's President Vladimir Putin said in Beijing on Saturday. Speaking on the last day of the Belt and Road Forum for International Cooperation, he also said all orders regarding the delivery through pipelines would be fulfilled. The...
  • Total buys 10% stake in Arctic LNG 2 from Novatek
    Russian natural gas producer Novatek announced on Tuesday that it signed an agreement to sell a 10% stake in its Arctic LNG 2 project on the Gydan Peninsula to French oil giant Total S.A. According to the agreement, Total, which holds a 19.4% stake in Novatek, will have the possibility to increase its...
  • Mitsui considering a stake in Novatek's LNG project
    Mitsui & Co. Ltd. said it is in talks with Novatek to acquire a stake in the Russian company's Arctic LNG 2 project, the company told the Nikkei. Operations are planned to start in 2022 or 2023 and produce around 19.8 million tons of liquefied natural gas (LNG) a year, the Japanese trading house...
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