Search for Leonid Mikhelson

18.03.2014 Russia’s Novatek resumes share buyback program

Novatek announced on March 17 that pursuant to the Company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depositary Receipts) were

26.02.2014 Russia’s Novatek to increase Yamal production by 50%

Novatek is going to increase oil and gas condensate production by up to 50% this year, Novatek President Leonid Mikhelson said at a briefing after signing a cooperation agreement with the Tyumen Region government.

29.01.2014 Russia’s Novatek to spend less on Yamal LNG project

CNPC will be the main financier of the Yamal LNG project after buying 20% of shares from Novatek. In the meantime, Novatek continues to look for new partners to buy another 10% of Yamal LNG.

17.01.2014 Russia’s Novatek completes expansion of Purovsky gas condensate plant

Novatek announced on January 16 that last two (out of four) new gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched at the Purovsky plant resulting in completion of a project for expanding capacity of the plant from fi

26.09.2013 Novatek To Have New Partner For Yamal LNG By December

Novatek CEO Leonid Mikhelson said that the deal under which China National Petroleum Corporation will join the Yamal-LNG project should be closed by December 1, 2013.