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Project Insights

Novatek vague on LNG markets and tariff growth

Novatek is bullish on Yamal LNG after its Q1 2013 results, expecting the decision on LNG exports liberalisation from the government soon. But exact details on what the company expects for this and the Novatek is bullish on Yamal LNG after its Q1 2013 results, expecting the decision on LNG exports liberalisation from the government soon. But exact details on what the company expects for this and the
By Tom Washington 17 May 2013 Europe & Russia / LNG 0 2023
Novatek posted strong results for Q1 2013. (Novatek)

Russia’s largest independent gas producer Novatek posted strong results for Q1 2013, but is keeping the investment community guessing over the key issues of Yamal LNG and tariff growth in Russia.

Core project Yamal LNG is “a transformational project” for the company, Novatek Chief Financial Officer Mark Gyetvay said in a conference call after the results were published. The $20 billion project is expected to produce 16.5 mtpa of LNG and will be launched in three phases of 5.5 mtpa each, at the end of 2016,...