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  • NOVATEK Closes Sale of 10% Interest in Arctic LNG 2 to TOTAL
    édité le 07/03/2019 - Plus de news de "NOVATEK" - Voir la fiche entreprise de "NOVATEK"


NOVATEK Closes Sale of 10% Interest in Arctic LNG 2 to TOTAL
AO NOVATEK announced the closing of the sale of a 10% participation interest in Arctic LNG 2 Project to TOTAL S.A. The deal parameters are in line with the binding agreement, signed at the 22nd Saint Petersburg International Economic Forum in May 2018. Following the completion of the deal, the Company’s participation interest in the Project decreased to 90%.

About the Arctic LNG 2 project

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 2018, the Utrenneye field’s 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids. Under the Russian classification reserves totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license.

About Novatek

PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas 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”.

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.


Origine : Communiqué NOVATEK

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