Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

PAO NOVATEK

(NVTK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

NOVATEK : Shipped First LNG Cargo to United Arab Emirates

08/28/2020 | 06:58am EST

28 August 2020

Moscow, 28 August 2020. PAO NOVATEK ('NOVATEK' and/or the 'Company') announced today that NOVATEK Gas & Power Asia Pte. Ltd., a wholly owned subsidiary, shipped the first cargo of liquefied natural gas ('LNG') from the Yamal LNG project to the United Arab Emirates under a spot contract. The LNG cargo was transshipped in Europe onto the conventional LNG tanker 'Yamal Spirit' and delivered to the Jebel Ali LNG Terminal in accordance with the contract's delivery schedule.


'With our first shipment to the United Arab Emirates, we are expanding the geography of our LNG supplies,' noted Lev Feodosyev, NOVATEK's First Deputy Chairman of the Management Board. 'The high-quality resource base in the Russian Arctic region, state-of-the-art technologies implemented by NOVATEK's LNG projects and our proven logistics solutions ensure cost-competitive supplies to almost any global LNG markets.'

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 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 10:58:08 UTC


© Publicnow 2020
All news about PAO NOVATEK
06:05aNOVATEK : Completes First Ship-to-Ship LNG Transshipment in the Murmansk Region
PU
04:07aNOVATEK : Partners Held a Regular Virtual Meeting to Discuss Status of Arctic LN..
PU
11/09NOVATEK : Update on NOVATEK Buyback Program
PU
11/02NOVATEK : Appoints New First Deputy Chairman
DJ
11/02NOVATEK : Changes Composition of the Management Board
PU
10/28Novatek's Net Profit, Revenue Fell in 3Q
DJ
10/28NOVATEK : Announces Consolidated IFRS Results for the Third Quarter and the Nine..
PU
10/12Novatek 3Q Hydrocarbon Production Rose 3.6%
DJ
10/12NOVATEK : Reports Preliminary Operating Data for the Third Quarter and Nine Mont..
PU
10/09NOVATEK JOINT-STOCK COMPANY : Ex-dividend day for interim dividend
FA
More news
Financials (USD)
Sales 2020 9 439 M - -
Net income 2020 1 416 M - -
Net Debt 2020 2 177 M - -
P/E ratio 2020 32,3x
Yield 2020 2,05%
Capitalization 50 176 M 50 176 M -
EV / Sales 2020 5,55x
EV / Sales 2021 4,76x
Nbr of Employees -
Free-Float 61,8%
Chart PAO NOVATEK
Duration : Period :
PAO NOVATEK Technical Analysis Chart | NVTK | US6698881090 | MarketScreener
Technical analysis trends PAO NOVATEK
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 171,57 $
Last Close Price 167,10 $
Spread / Highest target 25,7%
Spread / Average Target 2,68%
Spread / Lowest Target -37,2%
EPS Revisions
Managers
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
Sector and Competitors
1st jan.Capitalization (M$)
PAO NOVATEK-17.93%50 026
SAUDI ARABIAN OIL COMPANY1.28%1 902 681
ROYAL DUTCH SHELL PLC-40.35%141 069
TOTAL SE-22.43%119 207
PETROCHINA COMPANY LIMITED-32.99%113 393
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-13.12%64 291