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'''Novatek''' ({{lang-ru|ОАО «НОВАТЭК»}}, {{MICEX-RTS|NVTK}}) is [[Russia]]'s largest independent [[natural gas]] producer, and the country's second largest gas producer after state-controlled [[Gazprom]]. The company was originally known as '''OAO FIK Novafininvest'''. Novatek is based in the [[Yamalo-Nenets Autonomous Okrug|Yamalo-Nenets Autonomous Region]] in West Siberia, and maintains a sales office in [[Moscow]].
'''Novatek''' ({{lang-ru|ОАО «НОВАТЭК»}}, {{MICEX-RTS|NVTK}}) is [[Russia]]'s largest independent [[natural gas]] producer, and the country's second largest gas producer after state-controlled [[Gazprom]]. The company was originally known as '''OAO FIK Novafininvest'''. Novatek is based in the [[Yamalo-Nenets Autonomous Okrug|Yamalo-Nenets Autonomous Region]] in West Siberia, and maintains a sales office in [[Moscow]].


The major shareholders of Novatek are Volga Resources, the Luxembourg-based fund controlled by oil trader [[Gennady Timchenko]], with 20.77% of shares and [[Gazprom]] with 10%.<ref name=reuters050310>
The major shareholders of Novatek are [[Volga Group]], the Luxembourg-based fund controlled by oil trader [[Gennady Timchenko]], with 20.77% of shares and [[Gazprom]] with 10%.<ref name=reuters050310>
{{cite news
{{cite news
| url = http://uk.reuters.com/article/idUKLDE6241NZ20100305
| url = http://uk.reuters.com/article/idUKLDE6241NZ20100305

Revision as of 10:15, 6 March 2014

Novatek OAO
Company typePublic (OAO)
MCX: NVTK
LSE: NVTK
IndustryOil and gas
Founded1994 (1994)
Headquarters
Tarko-Sale
,
Russia
Key people
Alexander Y. Natalenko (Chairman)
Leonid Mikhelson (CEO)
ProductsPetroleum
Natural gas
RevenueIncrease US$6.9 billion (2012)
279,046,000,000 Russian ruble (2021) Edit this on Wikidata
Decrease US$227.8 million (2012)
Total assets2,457,664,000,000 Russian ruble (2021) Edit this on Wikidata
Number of employees
3,600
Websitewww.novatek.ru/en/

Novatek (Russian: ОАО «НОВАТЭК», MCX: NVTK) is Russia's largest independent natural gas producer, and the country's second largest gas producer after state-controlled Gazprom. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a sales office in Moscow.

The major shareholders of Novatek are Volga Group, the Luxembourg-based fund controlled by oil trader Gennady Timchenko, with 20.77% of shares and Gazprom with 10%.[1][2] A 9.4% stake is owned by Gazprombank, while Novatek's CEO Leonid Mikhelson and Gennady Timchenko have an option to buy this stake.[2] Total S.A. has signed a memorandum of understanding to acquire 12.08% at a cost of $4 billion, with an option to increase its stake to 19.4%.[3]

Operations

The major gas field owned by Novatek is the Yurkharovskoye field.[4] On 27 May 2009, Novatek bought a 51% stake in Yamal LNG from Volga Resources, which controls the giant South-Tambeyskoye field.[5] On 2 July 2010, Novatek purchased Tambeyneftegas, which holds the licence to the Arctic Malo-Yamalskoye field, located on the Yamal Peninsula and holding 161 billion cubic metres (5.7 trillion cubic feet) of natural gas and 14.4 million tonnes of gas condensate.[6] Novatek and Gazprom plan to build a liquefied natural gas plant in Yamalo-Nenets Autonomous Okrug.[7] The third partner will be Total S.A. with a 20% stake.[3] Together with Total S.A., Novatek is developing the Termokarstovoye field in Yamal.[8]

In December 2010, Novatek bought a 51% stake in Sibneftegaz from Gazprombank (Itera) owns 49% of the shares).[9] Sibneftegaz holds licences for exploration and production in the Yamal-Nenets region, including for the Beregovoye field, Pyreinoye field, Zapadno-Zapolyarnoye field, and the Khadyryakhinskiy licence area.[10] Sibneftegaz owns rights to develop oil and gas condensate fields with a total resource of 395.53 bcm of natural gas and 8.44 million tonnes of gas condensate.[11]

In 2011, Novatek was awarded licences to develop the Geofizichenskoye field, Salmanovskoye (Utrenneye) field, Severo-Obskoye field and Vostochno-Tambeiskoye field.[12]

In addition, Novatek has acquired the following companies:

References

  1. ^ Paxton, Robin (2010-03-05). "Timchenko's fund becomes largest Novatek owner". Reuters. Retrieved 2010-07-02.
  2. ^ a b "Novatek sale 'below market price'". Upstream Online. NHST Media Group. 2011-02-10. (subscription required). Retrieved 2011-02-15.
  3. ^ a b "Total to buy Novatek stake for $4bn". Upstream Online. NHST Media Group. 2011-03-02. (subscription required). Retrieved 2011-03-03.
  4. ^ "Novatek boosts flow from Arctic field". Upstream Online. NHST Media Group. 2009-10-19. Retrieved 2010-07-02.
  5. ^ Zhdannikov, Dmitry (2009-05-27). "Russian oil trade king buys more gas assets". Reuters. Retrieved 2010-07-02.
  6. ^ Bachman, Jessica (2010-07-02). "Russia's Novatek acquires new arctic field". Reuters. Retrieved 2010-07-02.
  7. ^ Pitt, Anthea (2010-06-21). "Russian duo team up in Yamal". Upstream Online. NHST Media Group. Retrieved 2010-07-02.
  8. ^ "Putin nod for Total-Novatek plan". Upstream Online. NHST Media Group. 2009-06-24. Retrieved 2010-07-02.
  9. ^ "Novatek offers Sibneftegaz buyback". Upstream Online. NHST Media Group. 2011-01-21. Retrieved 2011-01-23.
  10. ^ Begum, Aleya (2010-12-17). "Novatek seals Sibneftegaz stake". Upstream Online. NHST Media Group. Retrieved 2011-01-23.
  11. ^ Soldatkin, Vladimir (2010-11-16). "Russia's Novatek to pay $900 mln for Sibneftegaz". Reuters. Retrieved 2011-02-19.
  12. ^ "Novatek wins new Yamal licences". Upstream Online. NHST Media Group. 2011-08-30. Retrieved 2011-08-30.

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