• 2020 July 13 11:55

    NOVATEK reports preliminary operating data for the second quarter and first half 2020

    PAO NOVATEK reported today preliminary operating data for the second quarter and first half 2020.

    In the second quarter 2020, NOVATEK’s hydrocarbon production totaled 145.3million barrels of oil equivalent (boe), including 18.50 billion cubic meters (bcm) of natural gas and 2,920 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons produced by 3.7 million boe, or by 2.5% as compared with the second quarter 2019.

    NOVATEK’s hydrocarbon production totaled 295.5 million boe in the first half 2020, including 37.58 bcm of natural gas and 5,969 thousand tons of liquids, resulting in a slight decrease in total hydrocarbons produced by six hundred thousand boe, or by two-tenths of one percent as compared to the first half 2019.

    Preliminary second quarter 2020 natural gas sales volumes, including volumes of LNG sold, aggregated 16.90 bcm, representing a decrease of 9.9% as compared to the prior year. Natural gas volumes sold in the Russian Federation in the second quarter 2020 totaled 14.43 bcm, whereas LNG volumes sold on international markets amounted to 2.47 bcm. The decrease in sales volumes on international markets was due to the decrease of Yamal LNG shareholders’ share, including NOVATEK’s share, of LNG volumes sold on the spot market, and a corresponding increase of Yamal LNG direct sales under long-term contracts.

    In the second quarter and first half 2020, the Company processed 2,796 and 5,619 thousand tons, respectively, of unstable gas condensate at the Purovsky Processing Plant, representing an increase in processed volumes by 3.7% and 4.2%, as compared with the corresponding periods in 2019. In the second quarter and first half 2020, NOVATEK processed 1,787 and 3,574 thousand tons, respectively, of stable gas condensate at the Ust-Luga Complex, which was 5.2% and 3.2% higher as compared with the corresponding periods in 2019.

    According to preliminary data in the second quarter 2020, petroleum product sales volumes aggregated 1,893 thousand tons, including 1,266 thousand tons of naphtha, 242 thousand tons of jet fuel, and 385 thousand tons of fuel oil and gasoil. NOVATEK sold 1,091 thousand tons of crude oil and 491 thousand tons of stable gas condensate.

    As at 30 June 2020, NOVATEK had 1.0 bcm of natural gas, including LNG, and 450 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.

    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. Upstream activities of the Company’s subsidiaries and joint ventures 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».




2020 August 4

18:36 UK publishes Guidance on financial sanctions for Maritime Industry
18:21 Avance Gas sells 2003-built VLGC Avance
17:45 Klaveness Combination Carriers takes delivery of the fourth CLEANBU vessel
17:03 Tallink Grupp publishes July 2020 passenger and cargo statistics
16:58 ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture
16:33 Dredging of Utrenny LNG terminal’s basin kicked off
16:02 MHI-MME receives generator turbine and VOC firing auxiliary boiler orders for shuttle tankers
15:51 Flag, coastal and port authorities from eight countries come together to encourage development of maritime autonomous surface ships
15:43 Port of Ust-Luga MRC’ priority is taking care of employees
14:50 NOVATEK’s transshipment terminal in Port of Ust-Luga undergoes overhaul
14:02 Stena Line starts new service Liepaja - Karlskrona - Travemünde
13:26 MRA sets its sights on distance training
13:12 DEME repatriates 75 Philippine crew members from 12 vessels worldwide by charter flight from Brussels South to Manila
12:15 Evergreen joins the Ship Recycling Transparency Initiative
11:07 The port of Kiel starts the Cruise Season 2020
10:22 Bunker sales in Vladivostok in Jan-Jul plummet 30%
09:36 Baltic Dry Index as of Aug 31
09:30 Crude oil futures become cheaper
09:23 MABUX: Bunker market this morning, Aug 04

2020 August 3

18:43 CMA CGM announces Peak Season Surcharge rates from North Europe to Indian Subcontinent
18:06 Total seven-month cargo traffic in Azov-Don basin in Jan-Jul down 6%
17:55 Inmarsat, Thetius and Shell Shipping and Maritime launch 'Crew Welfare Open Innovation Challenge'
17:25 The PV300 MS Mustai Karim leaves Krasnoye Sormovo Shipyard basin, sets sail for St. Petersburg
16:42 Spot market price for Russian M100 product ended week higher
16:06 Russian Gov’t approves regulation on crab boats construction incentives
15:32 Kalmar delivers four medium and heavy forklifts to support Yizheng Port in meeting safety and environmental requirements
15:26 RZD seven-month loaded freight down 4.4%
14:18 Ust-Luga Company wins the Ust-Luga Cup 2020
13:24 Borr Drilling Limited enters into a new contract and LOIs for three rigs
13:08 Long-awaited project of Kalmykia’s Lagan Port becomes part of the federal transport territorial planning
12:46 MSC Cruises and Palumbo Group form joint venture to operate the Palumbo Malta Shipyard
12:23 OHT wins contract for transport and installation of foundations at Dogger Bank
12:20 RZD to resume traffic via new rail bridge across the Kola as of October 1
11:46 Eagle Bulk reports the successful resolution of security incident onboard vessel
11:10 Buyan-class corvette Grayvoron departs for Novorossiysk sea trials base
09:48 Crude futures prices edge down
09:41 MABUX: Bunker market this morning, Aug 03
09:16 Baltic Dry Index as of July 31

2020 August 2

16:03 Kirby Corporation announces 2Q, 2020 Results
15:31 Bollinger delivers second of three USCG FRCs to be home-ported in Guam
14:37 Dennis de Bruin appointed Managing Director of Commercial Shipping Europe
13:52 ABS supports global offshore wind development with updated guidance
12:35 USCG sets port condition Zulu for Ports of Miami and Key West
11:24 Tony Goldsmith announced as new head of marine at law firm Hill Dickinson as David Wareing steps down
10:52 Sea Machines partners with Maine Maritime Academy & MARAD to include intelligent vessel systems in curriculum

2020 August 1

14:21 U.S. appoints coordinator for the Arctic Region
13:14 CMA CGM announces GRR for Asia-West Africa trade
12:44 Polarcus awarded 3D project in Asia Pacific
11:31 Pacific Basin announces 2020 interim results
10:53 EBRD supports decarbonisation of energy sector in Cyprus

2020 July 31

18:26 Fincantieri BOD approves 1H 2020 results
18:07 Vostochnaya Verf to launch 03141-series first crab catcher in autumn 2020
17:36 Holland America Line changes name of newbuild to Iconic Rotterdam and designates it the new flagship
17:07 October Revolution Shipyard rolls out small seiner for a Kamchatka fishing company
17:06 Alfa Lift signs contract for transport and installation of foundations at Dogger Bank
16:44 Ship recycling in Bangladesh leaps forward with third phase of key project signed
16:05 Cox production diesel outboards make their way to North America
15:36 Port of Vancouver USA receives longest wind blades ever
14:42 USCG medevacs mariner 35 miles offshore Freeport, Texas
13:44 OOCL announces new China Indonesia Philippines service