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    NVTK   US6698881090

NOVATEK

(NVTK)
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Novatek Agrees to Sell 10% Interest in Arctic Transshipment to TotalEnergies

06/03/2021 | 07:37am EDT

By Adria Calatayud

Russia's Novatek said Thursday that it has signed an agreement with France's TotalEnergies SE on the sale of a 10% interest in its Arctic Transshipment LLC subsidiary.

The Russian energy company didn't disclose the terms of the deal.

Arctic Transshipment will operate two liquefied natural gas transshipment complexes currently under construction in the Kamchatka and Murmansk regions of Russia as part of Novatek's logistical chain, the company said.

"The transshipment facilities will ensure the optimal utilization of our ice tanker fleet and reduce the cost of transport to consuming markets for the company's existing and future LNG projects," Novatek Management Board Chairman Leonid Mikhelson said.

Novatek separately said it has signed a memorandum of understanding with TotalEnergies to cooperate on decarbonization, hydrogen and renewables.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

06-03-21 0937ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.04% 35756.88 Delayed Quote.16.57%
ISTOXX FP GR DEC 2.54 (EUR) -0.94% 44.18 Delayed Quote.0.00%
NOVATEK -0.64% 262 Delayed Quote.61.38%
S&P GSCI NATURAL GAS INDEX -1.48% 281.0657 Delayed Quote.115.08%
TOTALENERGIES SE -0.41% 43.745 Real-time Quote.24.43%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.47% 69.466 Delayed Quote.-4.62%
WTI 0.76% 84.44 Delayed Quote.70.78%
All news about NOVATEK
10/25NOVATEK JOINT STOCK : Boosts Arctic LNG 2 Credit Line With Russian Banks To $6.6 Billion
MT
10/25NOVATEK JOINT STOCK : Update on NOVATEK Buyback Program
PU
10/18NOVATEK JOINT STOCK : Update on NOVATEK Buyback Program
PU
10/15NOVATEK JOINT STOCK : Holds Arctic LNG Projects Shipowners Conference
PU
10/15NOVATEK JOINT STOCK : Hosts Contractors Forum
PU
10/15Russia's Novatek to open Arctic plant in 2027 to produce hydrogen, ammonia - Ifax
RE
10/13NOVATEK JOINT STOCK : Fueling the Low-Carbon Energy Future (ESG presentation)
PU
10/11NOVATEK JOINT STOCK : Q3 Preliminary Natural Gas Sales Rise Marginally
MT
10/11NOVATEK JOINT STOCK : Reports Preliminary Operating Data for the Third Quarter and Nine Mo..
PU
10/11PAO NOVATEK Reports Preliminary Operating Results for the Third Quarter and Nine Months..
CI
More news
Analyst Recommendations on NOVATEK
More recommendations
Financials (USD)
Sales 2021 14 848 M - -
Net income 2021 5 239 M - -
Net Debt 2021 1 074 M - -
P/E ratio 2021 16,1x
Yield 2021 3,04%
Capitalization 79 109 M 79 109 M -
EV / Sales 2021 5,40x
EV / Sales 2022 5,36x
Nbr of Employees -
Free-Float 61,8%
Chart NOVATEK
Duration : Period :
Novatek Technical Analysis Chart | NVTK | US6698881090 | MarketScreener
Technical analysis trends NOVATEK
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 262,00 $
Average target price 249,97 $
Spread / Average Target -4,59%
EPS Revisions
Managers and Directors
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Viktor Petrovich Orlov Independent Director
Sector and Competitors
1st jan.Capi. (M$)
NOVATEK61.38%79 109
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ENWELL ENERGY PLC98.17%192
LA FRANÇAISE DE L'ENERGIE29.17%148
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WENTWORTH RESOURCES PLC28.95%63