• 2018 May 25 10:49

    NOVATEK and TOTAL become partners in Arctic LNG 2 project

    At the 22nd Saint Petersburg International Economic Forum, in the presence of the President of Russia Vladimir Putin and the President of France Emmanuel Macron, Chairman of the Management Board of PAO NOVATEK Leonid Mikhelson and Chairman and Chief Executive Officer of TOTAL S.A. Patrick Pouyanné signed a binding agreement on the terms to enter the Arctic LNG 2 project, NOVATEK says in a press release.

    The agreement provides for the acquisition by TOTAL of a 10% participation interest in the Project as well as the right to acquire additionally up to 5% in case NOVATEK decides to decrease its participation interest in the Project below the currently planned 60%.

    The transaction will be closed no later than 31 March 2019. The Project’s value is determined at 25.5 billion dollars.

    “TOTAL is one of the leading global LNG players and a valued partner of NOVATEK with a long and successful track record of mutually beneficial cooperation. We welcome their participation in our Arctic LNG 2 project.” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, during the signing of the agreement, “Our prolific hydrocarbon resource base in the Yamal and Gydan peninsulas offers an unparalleled opportunity to participate in scalable LNG projects that will offer competitively priced LNG to key consuming markets. The entry of such a professional partner to Arctic LNG 2 already at an early stage confirms outstanding economic attractiveness and huge perspectives of LNG projects on the Yamal and Gydan peninsulas.”

    The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The Project is based on the hydrocarbon resources of the Utrenneye field. As of 31 December 2017, the Utrenneye field’s reserves under the Russian reserve classification totaled 1,582 billion cubic meters of natural gas and 65 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license.

    PAO NOVATEK is one of the largest independent natural gas producers in Russia. 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 16% 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».




2018 June 24

09:52 Bulk Terminals 2018 to be held in Hamburg on Tuesday 23 – Wednesday 24 October
09:50 JAXPORT issues JACKSONVILLE harbor deepening information
09:48 GTT receives the «Most sustainable service provider» award

2018 June 23

09:44 Port of Long Beach announces $16.8 million project to build infrastructure to support zero-emissions cargo-handling equipment
09:43 CMA CGM announces FAK rates from Asia to Red Sea
09:40 Prosafe wins further work for Safe Swift in the Mediterranean Sea
09:35 Costa Cruises celebrates float out of its first ship for China market

2018 June 22

18:24 Shareholders of Volga Shipping Company approve reorganization
18:05 Port of Los Angeles gives $1 million in grants to 30 local organizations
17:50 Denis Khramov appointed as Deputy Minister of Natural Resources
17:29 RF Government approves resignation of Victor Olersky
17:06 TTS Group ASA secures new contracts for RoRo equipment to China
16:05 CMA CGM announces GRR from India to East Africa
15:51 LUKOIL-Bulgaria Bunker starts operating the Bellona tanker at the port of Constanta, Romania
15:34 Port of Rotterdam Authority, DSM, AkzoNobel Specialty Chemicals, FrieslandCampina, Suikerunie, Gasunie, Groen Gas Nederland, ECN, Energy Academy Europe make recommendations for the smarter use of biomass
14:50 Construction works commence in Tallinn Old City Harbour's Terminal D where Tallink ferries are served
14:27 IMO rolls out ferry safety video
14:03 India to make Chabahar Port in Iran operational by 2019
13:38 First shipbroking companies to join SEA\LNG coalition
13:00 Vympel Shipyard delivers 50th fast patrol boat of Project 12150 Mangust to Russian FSB Border Service
12:36 LUKOIL will pay dividends for 2017 in the amount of RUB 130 per ordinary share
12:12 REMPEC hosts regional workshop on response to HNS spills in Valletta, Malta
11:49 IMO regional workshop to address the impacts of fouling
11:25 Ukraine’s water transport carried 0.1 million passengers in 5M’18, up 17.3%, Y-o-Y
11:03 Ulstein announces naming of the Acta Auriga
10:28 “M/V “VASILIY TATISCHEV ” with IMO number 8885157 refused access to the Paris MoU region for the second time
10:21 Brent Crude futures price up 1.15% to $73.79, Light Sweet Crude – up 1.25% to $66.36
10:00 Cargo transportation by Ukraine’s water transport fell by 10.5% to 1.5 million tonnes in 5M’18
09:38 Yevgeny Pankratov appointed as Director of FSUE Rosmorport’s Sakhalin Branch
09:19 Baltic Dry Index down to 1,347 points

2018 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping