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    NVTK   US6698881090

NOVATEK

(NVTK)
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Novatek Signs Renewable Power Agreement With Fortum Oyj

06/03/2021 | 03:49am EDT

By Sabela Ojea

Novatek said Thursday that it has signed a memorandum of understanding on cooperation in renewable power with Fortum Oyj as it aims to to reduce its carbon footprint.

The Russian energy company said it will purchase electricity produced by the Finnish company's renewable power facilities in Russia.

"Using green energy produced by wind farms owned by Fortum and its joint ventures at the company's [liquefied natural gas] plant in Vysotsk will enable Novatek to offer its LNG customers a more sustainable product with a reduced scope 2 carbon footprint (purchased electricity)," the company said.

Scope 2 emissions refers to emissions related to the power, cooling and heating consumed by a company.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

06-03-21 0549ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
FORTUM OYJ 0.68% 23.66 Delayed Quote.19.29%
NOVATEK 0.98% 226.2 Delayed Quote.37.09%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.22% 72.7963 Delayed Quote.-0.99%
WTI 0.57% 71.791 Delayed Quote.52.97%
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Financials (USD)
Sales 2021 13 735 M - -
Net income 2021 4 740 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,0x
Yield 2021 2,60%
Capitalization 67 262 M 67 262 M -
Capi. / Sales 2021 4,90x
EV / Sales 2022 4,86x
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 BUY
Number of Analysts 18
Last Close Price 224,00 $
Average target price 218,54 $
Spread / Average Target -2,44%
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
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