TotalEnergies has signed a final sale and purchase agreement to divest its 49% stake in Terneftegaz, the operating company of the Termokarstovoye field, a gas and condensate field in Russia, to Novatek. The financial terms of the deal were not disclosed. However, last month, TotalEnergies said that the sale is based on economic terms that […]
Russian natural gas producer PAO NOVATEK said that its subsidiary OOO NOVATEK-Yurkharovneftegas has commenced pilot production from gas condensate deposits at the Yevo-Yakhinskiy Cluster in Russia. The Yevo-Yakhinskiy Cluster includes the Yevo-Yakhinskoye and Ust-Yamsoveyskoye fields and a part of the Urengoyskoye field, within the boundaries of the Olimpiyskiy license area. According to PAO NOVATEK, the […]
NOVATEK said that its fully-owned subsidiary — NOVATEK Gas & Power Asia has inked a long-term LNG sale and purchase agreement (SPA) with ENN LNG (Singapore), a subsidiary of ENN Natural Gas, for the LNG drawn from the Arctic LNG 2 project in Russia. ENN Natural Gas is a Chinese natural gas distribution company. As […]
Russian natural gas producer NOVATEK said that its fully-owned subsidiary Arctic LNG 1 has secured the North-Gydanskiy license area in Russia for a one-time payment of RR 775.4 million. Arctic LNG 1 won the 30-year license through an auction, giving it rights for geological survey, exploration, and production in the subsoil license area. The license […]
Arctic LNG 2 Project : Novatek, Total and the other participants have approved the final investment decision (FID) for a liquefied natural gas (LNG) development on the Gydan peninsula in the Russian Arctic region, as per the latest Russian oil and gas industry news. Arctic LNG 2 Project capacity The project Arctic LNG 2 with […]
Arctic LNG 2 project contract : Novatek has awarded TechnipFMC an engineering, procurement and construction contract (EPC contract) worth $7.6 billion for the Arctic LNG 2 project in West Siberia in Russia. Under the Arctic LNG 2 project contract, TechnipFMC, which will execute the work under a lump sum and reimbursable basis, will provide engineering, […]