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Novatek's earnings before interest, taxes, depreciation, and amortization and net profit margin in 2011 were 49% and 32%, respectively. The major gas field owned by Novatek is the Yurkharovskoye field. On 27 May 2009, Novatek bought a 51% stake in Yamal LNG from Volga Resources, which controls the giant South-Tambeyskoye field.
Social Policy and Charity make up an important part of NOVATEK's activities. In 2019, the Company continued to pay close attention to projects aimed at supporting the culture, preserving and revitalizing national values and spiritual legacy of Russia, promoting and integrating the Russian art into the international cultural space, and developing mass and high-performance sports.
Apr 4, 2024 · MOSCOW (Reuters) - Russia's Novatek is being forced to scale back its huge Arctic LNG 2 project after Western sanctions curbed its access to ice-class tankers, and will focus instead on developing ...
Novatek Corporation is a leading manufacturer of high performance air filtration and surface preparation equipment servicing clients around the globe. For over 25 years, customers have relied on Novatek for our industry proven equipment. We specialize in products for the hazardous environment.
Jul 21, 2023 · Novatek's rise towards the coveted top spot underlines how much the Ukraine conflict has disrupted Russia's and the world's energy industry as Europe turns to LNG and away from Gazprom's network ...
Dec 27, 2023 · The first train of the Novatek PJSC -led Arctic LNG 2 project “has actually started operating,” Russia’s Deputy Prime Minister Alexander Novak said in an interview with state-run Rossiya 24 ...
Nov 2, 2023 · The US imposed sanctions on Novatek PJSC ’s Arctic LNG 2 project, a crucial part of Russia’s goal to more than triple its liquefied natural gas production by the end of the decade. The Treasury Department announced the measure Thursday as part of a new package of restrictions targeting firms in multiple countries.
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