NOVATEK

04/03/2022

NOVATEK Statement of Commitment

Dear employees, shareholders, and partners of NOVATEK,

Throughout our corporate history, NOVATEK has always adhered to the highest social and humanitarian responsibility standards, both in Russia and abroad. We continue to responsibly perform all our Russian and international contractual obligations with respect to the supply of energy to our many valued customers as well as implementing joint projects under our partnerships. These commitments are important elements to ensure and maintain global energy security in a sustainable and responsible manner.
We strongly support every diplomatic effort at restoring peace and look forward to the prompt resolution of this current tragic situation. We also extend our sincere sympathy to all those affected by these events.

17/02/2022

Unique NSR Voyage Delivers a Module for Arctic LNG 2

he Arc7 ice-class module carrier AUDAX completed its voyage along the Northern Sea Route (NSR) long after the traditional navigation season closure, to deliver a process module weighing almost 12,000 tonnes for Arctic LNG 2 from the Chinese port of Tianjin to Murmansk. The module will be installed on the gravity-based structure (GBS) for Arctic LNG 2 Train 1 at the LNG Construction Center in Belokamenka.

This voyage is unique in terms of a vessel of this size passing the entire Northern Sea Route with a nuclear icebreaker support in February in challenging ice conditions. The Atomflot icebreakers escorted the vessel along the Northern Sea Route. The icebreaker assistance was difficult largely due to navigation specifics during winter 2022. The current NSR navigation season saw severer ice conditions compared to previous years and the summer-fall navigation period ended in the beginning of November 2021, much earlier than in previous years. Due to the size of AUDAX, icebreaker assistance in the route's most challenging sections in the Chukchi, East Siberian and Kara Seas involved two icebreakers widening the ice channel.

18/01/2022

NOVATEK’s 2021 Reserve Replacement Reached 107%.

Moscow, 18 January 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2021.

11/01/2022

NOVATEK and Zhejiang Energy Sign Sales and Purchase Agreement on Long-Term LNG Supply

PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project.

The SPA follows on from the Heads of Agreement signed by parties on 2 June 2021 during the Saint-Petersburg International Economic Forum, and stipulates the supply of up to one (1) million tons of LNG per annum from the Arctic LNG 2 project for a term of 15 years. The LNG will be delivered on a DES basis to Zhejiang Energy’s LNG terminals in China.

Moscow, 11 January 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group (“Zhejiang Energy”) signed a long-term ...

26/12/2021

22/12/2021

NOVATEK and Uniper Sign Term Sheet on Low-carbon Ammonia Supply

Moscow, 22 December 2021. PAO NOVATEK and Uniper SE signed a Term Sheet on long-term supply of up to 1.2 mln tons of low-carbon ammonia per annum to primarily German market. The product price will be indexed to relevant European and global benchmarks.

The Term Sheet details the terms of the supply by NOVATEK to Uniper of low-carbon ammonia to be produced at the Company’s planned Obskiy GCC (Gas Chemical Complex) project, which will include carbon capture and storage (CCS) facilities, and delivered to Uniper’s planned ammonia import terminal in Wilhelmshaven, equipped with an ammonia cracker operating with renewable power.

Moscow, 22 December 2021. PAO NOVATEK (“NOVATEK” and/or the “Company”) and Uniper SE (“Uniper”) signed a Term Sheet on long-term supply of up to 1.2 mln tons of low-carbon ammonia per annum to primarily German market. The product price will be indexed to relevant European and global benc...

07/12/2021

Moscow, 7 December PAO NOVATEK and RWE Supply & Trading GmbH signed a Memorandum of Understanding to mutually cooperate in the field of LNG supply and decarbonization.

The MOU envisages the supply by NOVATEK to RWE of low-carbon ammonia and hydrogen to be produced at the Company’s planned project Obskiy GCC (Gas Chemical Complex) and delivered to German and European markets.

The Parties also intend to deepen their cooperation in supply of LNG (including carbon-neutral LNG) by NOVATEK to RWE by expansion of existing spot supplies as well as possible long-term supplies of LNG to be produced by the Arctic LNG 2 and other NOVATEK’s projects.

Moscow, 7 December 2021. PAO NOVATEK (“NOVATEK” and/or the “Company”) and RWE Supply & Trading GmbH (“RWE”) signed a Memorandum of Understanding (“MOU”) to mutually cooperate in the field of LNG supply and decarbonization.

03/12/2021

NOVATEK and PetroVietnam Power Sign Cooperation Agreement on LNG and Power.

Moscow, 2 December 2021. During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan P**c, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam (the “Agreement”). Presiden...

16/10/2021

NOVATEK hosted a Contractors and Suppliers Forum dedicated to Expanding Cooperation in Capital Construction at its LNG Construction Center in Belokamenka, Murmansk Region. The Forum aims to foster sharing experience and broadening opportunities for Russian equipment manufacturers and contractors to ensure successful implementation of large-scale LNG projects in the Arctic.

02/09/2021

2 September as part of today’s Eastern Economic Forum, PAO NOVATEK and the Japan Bank for International Cooperation (JBIC) signed a Strategic Cooperation Agreement on low-carbon projects.

The Parties intend to cooperate on projects to produce hydrogen and ammonia, carbon capture, utilization, and storage technologies, as well as renewable energy projects in Russia.

Vladivostok, 2 September 2021. As part of today’s Eastern Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the Japan Bank for International Cooperation (JBIC) signed a Strategic Cooperation Agreement (“Agreement”) on low-carbon projects.

02/09/2021

2 September as part of today’s Eastern Economic Forum, in the presence of the Minister of Energy of the Russian Federation Nikolai Shulginov and the Minister of Economy, Trade and Industry of Japan Hiroshi Kajiyama, PAO NOVATEK and the Ministry of Economy, Trade and Industry of Japan signed a Memorandum of Cooperation on ammonia, hydrogen and carbon capture, utilization and storage.

The Parties intend to mutually support projects in producing and marketing of ammonia and hydrogen, as well as implementing technologies for carbon capture and storage in Russia and Japan.

Vladivostok, 2 September 2021. As part of today’s Eastern Economic Forum, in the presence of the Minister of Energy of the Russian Federation Nikolai Shulginov and the Minister of Economy, Trade and Industry of Japan Hiroshi Kajiyama, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the Mi...

15/07/2021

NOVATEK Creates a Subsidiary to Develop Domestic LNG Fuel Market
Moscow, 15 July 2021. The Board of Directors of PAO NOVATEK (“NOVATEK” and/or the “Company”) resolved to create a subsidiary called NOVATEK – LNG Fuel, which will construct small-scale LNG plants, facilitate LNG wholesale markets and develop a retail network for LNG as a motor fuel, as well as provide LNG as part of the autonomous gasification program in the Russian domestic market.

NOVATEK has been actively developing the production and sales of LNG as a motor fuel. In 2020, the Company launched a small-scale LNG plant in Magnitogorsk, Chelyabinsk Region with a capacity of 40 thousand tons per annum. Presently, the Company owns 12 LNG fueling stations in Russia and plans to further expand the production and distribution networks for clean-burning fuels for transport.

"We are creating a dedicated subsidiary to develop the domestic LNG fuel market as part of our commercial marketing strategy," noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The use of LNG as a motor fuel can reduce carbon emissions compared to diesel or other petrol products, as well as significantly reduce harmful particles emitted into the atmosphere, which contributes to the decarbonization of the transport industry and the protection of the environment."

Moscow, 15 July 2021. The Board of Directors of PAO NOVATEK (“NOVATEK” and/or the “Company”) resolved to create a subsidiary called NOVATEK – LNG Fuel, which will construct small-scale LNG plants, facilitate LNG wholesale markets and develop a retail network for LNG as a motor fuel, as wel...