Novatek has recently reached a production milestone at its medium-scale liquefied natural gas (LNG) plant in Russia’s Baltic Sea port of Vysotsk.
TotalEnergies said it would not provide any more capital for the Arctic LNG 2 project.
Russia’s invasion of Ukraine has multi-level implications for the Russian gas sector.
During 2021, Novatek Green Energy opened 10 new fueling stations in Europe that increased the company’s retail network to 16, of which 12 are in Germany and 4 are in Poland.
Russian LNG producer Novatek said its net profit surged to almost 433 billion roubles ($5.74 billion) in 2021 on the back of higher oil and gas prices.
PAO Novatek announced that its joint venture Cryogas-Vysotsk signed a power purchase agreement for renewable electricity produced by the European energy company Fortum in Russia.
Novatek and Uniper signed a term sheet on the long-term supply of large volumes of low-carbon ammonia. These supplies will be delivered to Uniper’s markets in Germany and North-West Europe.
Novatek Green Energy, a subsidiary of Novatek PAO, already has 10 LNG filling stations in Germany, representing approximately 15 percent of the local market.
PAO NOVATEK and RWE Supply & Trading GmbH signed a Memorandum of Understanding to mutually cooperate in the field of LNG supply and decarbonization.
Novatek’s medium-scale plant in Russia’s Baltic Sea port of Vysotsk continues to produce LNG above its nameplate capacity.