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    NVTK   US6698881090

NOVATEK

(NVTK)
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PAO NOVATEK : NOVATEK and Sberbank Sign MOU on Green Financing

06/04/2021 | 09:15am EDT
Press Releases and Events NOVATEK and Sberbank Sign MOU on Green Financing
Saint-Petersburg, 4 June 2021. As part of today's Saint-Petersburg International Economic Forum, PAO NOVATEK ('NOVATEK' and/or the 'Company') and PJSC Sberbank signed a Memorandum of Understanding ('MOU') to mutually cooperate in the field of ESG.
The Parties confirm their intentions to secure 'green financing' on projects relating to environmental protection and climate change mitigation, renewable energy development, production and transshipment of low-carbon or carbon-neutral products, as well as joint social initiatives.

'We have a long and successful track record of mutual cooperation with Sberbank and their participation in financing our LNG projects,' noted Leonid Mikhelson, NOVATEK's Chairman of the Management Board. 'This new MOU takes our mutual cooperation to another level and accords us the additional opportunities to implement NOVATEK's social and environmental initiatives, which represent one of the core elements of decarbonizing our hydrocarbon value chain and meeting the Company's development strategy.'

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. The Company's upstream activities 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 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 13:14:10 UTC.


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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 78 599 M 78 599 M -
EV / Sales 2021 5,37x
EV / Sales 2022 5,33x
Nbr of Employees -
Free-Float 61,8%
Chart NOVATEK
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Technical analysis trends NOVATEK
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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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
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