Tag Archives: Novatek

Potential contract cancellations for the construction of ice-class LNG carriers and U.S. sanctions on the latest Russian LNG export project could hamper Russia’s plans to boost LNG sales now that its pipeline route to Europe is largely cut off. There aren’t enough ice-class LNG tankers built to carry LNG from …

China continues to fill the technology gap left by the exit of western companies from Russia’s Arctic energy projects. For the past year Novatek has been looking to procure crucial gas turbines for its Arctic LNG 2 project. Originally American company Baker Hughes had been slated to provide the equipment …

Russian gas company Novatek is open to accepting payments in Indian rupees for any LNG term deal it signs with Indian gas entities, its chairman Leonid Mikhelson said on the sidelines of the Indian Energy Week on Feb. 6. Novatek is in talks with state-owned gas utility GAIL and other …

France’s TotalEnergies will buy 19.4% of its shares from Russian energy giant Novatek for $3.7 billion, the company said. TotalEnergies will fire two of its representatives from Novatek’s board of directors and will no longer include income from its investment in Novatek in its financial statements. The move will also …

Russia still can reach its ambitious LNG expansion target despite the shift of focus to domestic technology, Novatek CEO Leonid Mikhelson said Friday. The importance of LNG expansion intensifies with Russian piped gas exports to the EU facing a sharp reduction in the long term, Mikhelson told a briefing on …

U.S oil service company Baker Hughes will no longer provide engineering services to Russian LNG developers. That creates another serious headache for Novatek’s LNG projects in the Arctic. According to newspaper Kommersant, Baker Hughes will also stop deliveries of equipment to Russia. Baker Hughes plays a key role in several …

Russian LNG major Novatek said that the Arc7 ice-class module carrier Audax completed its trip along the Northern Sea Route. This is long after the traditional navigation season closure. The vessel delivered a process module weighing almost 12,000 tonnes for Arctic LNG 2 from Tianjin to Murmansk. The module will …

NovatekNovatek Gas & Power Asia Pte. Ltd., wholly owned subsidiary of Russia’s gas major Novatek, a and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group have signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project. …

When news first broke a few years ago that Russia’s state nuclear energy company was working on a floating nuclear power plant, some took it as a joke. Others mocked it as the worst idea ever. But it turns out it wasn’t such an outlandish idea after all. The Akademik …

Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam’s PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country. The agreement was struck during Vietnamese president Nguyen Xuan Phuc’s visit to Moscow, where he held a meeting with Novatek chairman Leonid Mikhelson …