Leonid Mikhelson News

22 Dec 2018

Arctic LNG 2 Signs Agreement on GBS Construction

Russian natural gas producer Novatek's next LNG project, Arctic LNG 2, has signed an agreement on the design and construction of gravity-based structures (GBS).The Russian company SAREN, a joint venture of Renaissance Heavy Industries Russia (RHI Russia B.V.) and SAIPEM S.p.A, will perform the work. The agreement provides for the design and construction of three GBS platforms for the Project’s natural gas liquefaction trains. The scope of work under the contract includes management, design, supply of materials and equipment, construction of three GBS structures at the NOVATEK-Murmansk plant, as well as commissioning and preparation for operations, including towing and installation of the GBS structures.

22 Dec 2018

Arctic LNG 2 to Buy Nuovo Pignone Turbines

Russia's largest independent natural gas producer PAO Novatek announced that its next LNG project, Arctic LNG 2 and Nuovo Pignone (Italy) signed an agreement on turbo machinery equipment.The the seventh largest publicly traded company globally by natural gas production volume said in a press release that the agreement provides for the supply of gas turbine compressors and gas turbine generators for the three liquefaction trains for the Arctic LNG 2 project.“Our partnership with Nuovo Pignone extends back to 2013 as they supplied gas turbine compressors for the three liquefaction trains of our Yamal LNG project.” noted Leonid Mikhelson, Novatek's Chairman of the Management Board.“For Arctic LNG 2, we need the unique turbo machinery to produce 6.6 million tons of LNG per annum.

19 Dec 2018

Russian Novatek, Italian SACE in LNG Pact

Image: Novatek

Russian gas giant Novatek and SACE SIMEST, the Italian export credit company part of CDP Group, have finalized an agreement on strategic cooperation in the liquefied natural gas (LNG) projects, including Arctic LNG 2."PAO Novatek and SACE signed a Memorandum on Strategic Cooperation in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving Italian suppliers and engineering companies…

11 Dec 2018

Russia's Novatek Plans to Speed Up LNG Reloading After U.S. Criticism

Photo courtesy of Novatek

Leonid Mikhelson, the head of Russia's gas producer Novatek, said on Tuesday the company will need to speed up construction of liquefied natural gas (LNG) reloading facilities after Washington slammed Norway for helping it to tranship gas.Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world's largest liquefied natural gas (LNG) terminals, undercuts Europe's energy diversification efforts, the U.S. State Department said last month.Mikhelson…

22 Nov 2018

Novatek Kicks-off Yamal LNG's Train 3

Image: Novatek

Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity to 16.5 mln tonnes of LNG per year.“We have successfully launched all three LNG trains at our flagship Yamal LNG project according to our revised early launch schedule,” Novatek’s head Leonid Mikhelson said.Russia’s largest independent natural gas producer said in a press release that the third LNG train was launched more than one year ahead of the planned original schedule.

13 Nov 2018

Novatek Ships First LNG Cargo To China Via Arctic

Image: Novatek

Novatek Gas and Power Asia, wholly owned subsidiary of Russia’s largest independent natural gas producer Novatek, shipped a cargo of liquefied natural gas (LNG) produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC).The LNG cargo was delivered to Fujian LNG Terminal in China via the Northern Sea Route (NSR) by an Arc7 ice-class LNG carrier in 20 days, completing the NSR part of the journey in 7.5 days.A release from the natural gas producers quoted Leonid Mikhelson…

03 Oct 2018

Novatek, Siemens Sign LNG Partnership

Pic: Novatek

Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was signed by Novatek Chief Executive Leonid Mikhelson and his Siemens counterpart Joe Kaeser in Moscow.According to the agreement, the parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply…

02 Oct 2018

Novatek to Open Third Line of Yamal Project in December

(File photo: SCF Group)

Russian natural gas producer Novatek plans to open the third line of its Yamal liquefied natural gas project in December, ahead of schedule, Chief Executive Leonid Mikhelson said on Tuesday.Novatek's Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017, with two trains now running at capacity.(Reporting by Oksana Kobzeva; Writing by Polina Ivanova; Editing by Louise Heavens)

24 Sep 2018

Russia's Novatek Ships First LNG Cargo to Brazil

Image: Novatek

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek said that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.“Our LNG marketing strategy aims to diversify our supply geography and customer base,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board.

12 Sep 2018

Novatek, Rosatom Plan LNG-Powered Icebreaker Fleet

Image: Novatek

Russia’s natural gas producer and the operator of the giant Yamal LNG export project Novatek, has signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture (JV).The JV plans to establish a long-term partnership to jointly develop, finance and implement a project to create a liquefied natural gas (LNG)-fuelled icebreaker fleet.

11 Sep 2018

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Photo: Novatek

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and the Government of the Kamchatka Territory signed an agreement of intent on implementing a project for the construction of a marine LNG transshipment complex in the territory of Kamchatka.The Agreement provides for Novatek’s investment in the amount of approximately RR 70 billion.

09 Aug 2018

Yamal LNG Commissioned in Record Time

Yamal LNG. Photo: Total

Russia’s PAO Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula ahead of schedule.Russia's largest independent natural gas producer announced that "Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the first…

29 Jul 2018

Novatek Spuds First Well at North-Obskiy

Photo: Novatek

PAO Novatek announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay.The initial well is drilled using a jack-up floating drilling rig “Amazon” leased from “Gazprom flot”. The drilling process is based on zero discharge principle, whereby all of the waste products are collected and transported 125 km to Sabetta onshore base."We commenced drilling our first well at the North-Obskiy license area characterized with significant geological potential and favorable location in terms of logistics…

20 Jul 2018

Ice-Breaking LNG Carrier Vladimir Rusanov First Call at PetroChina LNG Jiangsu Terminal

China COSCO Shipping, Executive Vice President, Sun Jiakang (first from left) PAO Novatek, Chairman of the Management Board Leonid Mikhelson (second from left) Director of the National Energy Administration of China, Nur Bekri (fourth from left) Minister of Energy of Russia, Alexander Novak (fourth from right) CNPC, Board Director, President, Zhang Jianhua (third from right) MOL, Senior Managing Executive Officer, Takeshi Hashimoto (first from right). Photo: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia. For its latest voyage…

19 Jul 2018

Novatek Ships First LNG Cargo to China via Arctic

Eduard Toll (File photo courtesy Teekay)

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170…

28 Jun 2018

Novatek, Sovcomflot Pact for LNG Shipping from Yamal LNG

Photo: PAO Novatek

Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) produced at Yamal LNG, Arctic LNG 2 and other Arctic projects of the Company. “Our unique partnership with Sovcomflot will optimize our LNG transport model through the Arctic zone by efficiently and effectively using ice-class tankers” according to Novatek's Chairman of Management Board Leonid Mikhelson.

22 Jun 2018

Yamal LNG Shipped First LNG Cargo to Spain

Photo: PAO Novatek

Yamal LNG has shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa under a long-term offtake agreement, a press release from PAO Novatek said. The 170 thousand cubic meter Arc7 ice-class LNG carrier “Fedor Litke” unloaded the first cargo in the port of Mugardos in accordance with the lifting and delivery schedule. Annual sales volumes according to the 24-year long-term offtake contract are 2.5 million tons of LNG, which equals to more than 3 billion cubic meters of natural gas.

20 May 2018

Novatek Plans New Arctic Transport Company

Photo: PAO Novatek

Russia's gas production and sales company PAO Novatek has created a transportation unit called Maritime Arctic Transport. "The Board of Directors of PAO Novatek  resolved on creating a transportation subsidiary called Maritime Arctic Transport LLC to manage and optimize transportation costs, build up the unique competencies of Arctic navigation and ensure centralized management of the Arctic fleet," said a press release from company. Novatek’s Chairman of the Management Board…

27 Mar 2018

Novatek Delivers its First LNG Cargo to India

Photo: Yamal LNG

The Russian natural gas producer, Novatek, has confirmed that it delivered its first shipment of liquefied natural gas (LNG) produced by the Yamal LNG project to India on 27 March. "The LNG was produced by the Yamal LNG project, led by the Russian company, and marks the first ever delivery of Russian Artic LNG to the country," said the company. The cargo was shipped through the company’s subsidiary, Novatek Gas and Power Asia. Novatek’s Deputy Chairman of its Management Board  Board Lev Feodosyev said: "One of our core priorities enumerated in the Company's Corporate Strategy up to 2030…

08 Dec 2017

Putin Okays Loading Start at Yamal LNG

President Vladimir Putin launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic (Photo: SCF Group)

President Vladimir Putin on Friday launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic, which will further expand Russia's global energy reach. The Yamal project, which required investments of $27 billion, will allow Russia to fulfil a plan to double its share of the global LNG market by 2020 from around 4 percent now. The LNG was loaded onto the ice class tanker "Christophe de Margerie", named after the former head of France's energy major Total, who died in a plane crash in Moscow in 2014. Total holds a 20 percent stake in Yamal LNG.

05 Dec 2017

Novatek Starts Production at Yamal LNG

Photo: Yamal LNG

Russian energy firm Novatek  has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first Arc7 ice-class LNG tanker named the “Christophe de Margerie”. The Chairman of Novatek's Management Board Leonid Mikhelson noted: "This event marks a milestone accomplishment for the Yamal LNG project. The commencement of LNG production begins a new chapter in our corporate history.

23 Jun 2017

Novatek Aims to Topple Qatar from LNG Top Spot

File photo: Novatek

Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector. The country's largest non-state gas producer is expected to start exporting LNG from the first phase of the Yamal project, situated far above the Arctic circle, towards the end of this year and may bring forward its final stage by six months, CFO Mark Gyetvay said.

29 Mar 2017

Russia Ramping Up Arctic LNG Production

Photo: Total

Russia may produce more than 70 million tonnes of liquefied natural gas (LNG) per year in its remote Arctic regions, the head of gas producer Novatek said on Wednesday. "The Gydan and Yamal peninsulas have a vast resource base that allows the production of over 70 million tonnes (of LNG); it is comparable to LNG production in Qatar", Leonid Mikhelson, the head and co-owner of Novatek told a conference. Novatek, which was put on the list of Russian companies sanctioned by the West over Moscow's role in the Ukraine crisis…

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