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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  PAO NOVATEK    NVTK

PAO NOVATEK

(NVTK)
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NOVATEK : Commenced LNG Sales of ISO Containers to China

12/01/2020 | 02:12am EST

01 December 2020

Moscow, 1 December 2020. PAO NOVATEK ('NOVATEK' and/or the 'Company') announced today that Novatek Gas & Power Asia Pte. Ltd., a wholly owned subsidiary, and Saibu Gas Co., Ltd. of Japan have successfully completed their first joint trial delivery of liquefied natural gas (LNG) in ISO containers to China's Tiger Gas for subsequent sales of LNG in China. The LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to Shanghai, China under a spot contract.

'Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,' noted Lev Feodosyev, NOVATEK's First Deputy Chairman of the Management Board. 'It is forecasted that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan.'

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company's subsidiaries and joint ventures 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».

Disclaimer

OAO Novatek published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 07:11:59 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 9 626 M - -
Net income 2020 1 207 M - -
Net Debt 2020 2 503 M - -
P/E ratio 2020 39,7x
Yield 2020 1,95%
Capitalization 53 810 M 53 810 M -
EV / Sales 2020 5,85x
EV / Sales 2021 4,81x
Nbr of Employees -
Free-Float 61,8%
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Technical analysis trends PAO NOVATEK
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 180,03 $
Last Close Price 179,20 $
Spread / Highest target 20,5%
Spread / Average Target 0,46%
Spread / Lowest Target -41,4%
EPS Revisions
Managers and Directors
NameTitle
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Andrey Igorevich Akimov Director
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