Novatek Microelectronics
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Novatek Microelectronics
Novatek (russian: ПАО «НОВАТЭК», , ) is Russia's second-largest natural gas producer (behind Gazprom), and the seventh-largest publicly traded company globally by natural gas production volume. 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. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world. The company is not to be confused with Novatek Inc, a US company that produces synthetic diamonds for the oil and gas industry, or Novatek Microelectronics Corp., a supplier of display controller integrated circuits, or Novatek AS, a Norwegian engineering company. Operations In 2006, the company produced roughly thirty billion cubic metres (1.1 trillion cubic feet) of natural gas. By 2010, production had grown to , and in 2011 to In 2010, Novatek supplied 13% of the domestic market and accounted for 32% of n ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Yurkharovskoye Field
The Yurkharovskoye gas field is a natural gas field located in the Yamalo-Nenets Autonomous Okrug. It was discovered in 1970 and developed by Novatek. It began production in 2003 and produces natural gas and condensates. The total proven reserves of the Yurkharovskoye gas field are around 15.431 trillion cubic feet (437×109 m³), and production is slated to be around 3.3 billion cubic feet/day (93×106 m³) in 2010. As of 2013 Novatek and its partners TotalEnergies and the China National Petroleum Corporation are building a liquefied natural gas plant with 3 LNG trains, Yamal LNG, which expected to produce its first LNG in early 2017. Continued shrinkage of Arctic sea ice is anticipated to enable use of the Northern Sea Route to ship LNG to China. Export of gas is contingent on modification of the gas export monopoly held by Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the La ...
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Beregovoye Field
The Beregovoye Field is a natural gas field in the northeast of Purovsky District, Yamalo-Nenets Autonomous Okrug, Russia. The field is developed by Sibneftegaz, a joint venture of Novatek and Itera. Sibneftegaz holds the exploration and development license for the Beregovoy license area until 2023. History The field was discovered in 1982 and it was named after Russian geologist Vladimir Beregovoi. It was to be developed by Sibneftegaz, a subsidiary of Gazprom. However, in late 1990s Gazprom lost control over Sibneftegaz and the main shareholder became Itera. The second largest shareholder became the Russian fertilizer producer Acron Group. The field was ready for production in 2003; however, commercial production started only in 2007 after change in its ownership structure as Gazprom did not allowed produced gas to enter into the gas transportation system. In 2006, Gazprom through its banking arm Gazprombank bought back controlling stake (51%) in Sibneftegaz from Iter ...
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Itera
ARETI International Group of Companies is a private energy company headquartered in Geneva, Switzerland. ARETI was created by Igor Makarov in 2015 as a result of rebranding of Itera International Group of Companies, which was started in 1992. The ARETI group company consists of holding companies registered in Cyprus, Virgin Islands, Curacao, and the Netherlands and has subsidiaries involved in the energy industry, civil and industrial engineering, and finance. Archived on compromat.ru as Свадебный велосипедист во главе Итеры: Нажми на Рема – получишь результат (Wedding cyclist at the head of Itera: Click on Rem - you will get the result). The company operates primarily in Switzerland and the Commonwealth of Independent States (CIS) countries. In 2013, its main subsidiary, Itera Oil & Gas Company, was acquired by Rosneft. History A firm which later became a part of the Itera Group was established in 1992 as a basi ...
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Gazprombank
Gazprombank (russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services. The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the markets of Belarus and Switzerland through ownership interests in two foreign banks: Belgazprombank (Belarus) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India. History In August 2005 for 37.22 billion rubles ...
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Sibneftegaz
Novatek (russian: ПАО «НОВАТЭК», , ) is Russia's second-largest natural gas producer (behind Gazprom), and the seventh-largest publicly traded company globally by natural gas production volume. 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. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world. The company is not to be confused with Novatek Inc, a US company that produces synthetic diamonds for the oil and gas industry, or Novatek Microelectronics Corp., a supplier of display controller integrated circuits, or Novatek AS, a Norwegian engineering company. Operations In 2006, the company produced roughly thirty billion cubic metres (1.1 trillion cubic feet) of natural gas. By 2010, production had grown to , and in 2011 to In 2010, Novatek supplied 13% of the domestic market and accounted for 32% of n ...
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LNG Train
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state (at standard conditions for temperature and pressure). LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia. The liquefaction process involves removal of certain components, such as dust, acid gases, helium, water, and heavy hydrocarbons, which could cause difficulty downstream. The natural gas is then condensed into a liquid at close to atmospheric pressure by cooling it to approximately ; maximum transport pressure is set at around (gauge pressure), which is about one-fourth times atmospheric pressure at sea level. The gas extracted from underground hydrocarbon deposits contains a varying mix of hydr ...
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Yamal Peninsula
The Yamal Peninsula (russian: полуостров Ямал, poluostrov Yamal) is located in the Yamalo-Nenets Autonomous Okrug of northwest Siberia, Russia. It extends roughly 700 km (435 mi) and is bordered principally by the Kara Sea, Baydaratskaya Bay on the west, and by the Gulf of Ob on the east. At the northern end of this peninsula lie the Malygina Strait and, beyond it, Bely Island. Across the river lies the Gyda Peninsula. In the language of its indigenous inhabitants, the Nenets, "Yamal" means "End of the Land". The Yamal peninsula is inhabited by a multitude of migratory bird species. The well-preserved remains of Lyuba, a 37,000-year-old mammoth calf, were found by a reindeer herder on the peninsula in the summer of 2007. The animal was female and was determined to be one month old at the time of death. Geography The peninsula consists mostly of permafrost ground and there are numerous lakes of thermokarst origin, the biggest of which are Neito and ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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South-Tambeyskoye Field
The South-Tambeyskoye gas field is a natural gas field located in the Yamalo-Nenets Autonomous Okrug. It was discovered in 1974. The field is operated by Yamal LNG, controlled by Novatek. It produces natural gas and condensates. The field was discovered in 1974 and it began production in 1976. In 1990s–2000s, until 2005, the license belonged to Tambeyneftegaz, controlled by Nikolay Bogachyov. In 2005, the license was reassigned to Yamal LNG. Novatek took control of Yamal LNG in 2009. Proven and probable resources in the deposit is , of which proven reserves are around . It supplies the Yamal LNG plant. High-ethane gas will supply the ethane separation and Baltic LNG plant at Ust-Luga Ust-Luga (russian: Усть-Луга, lit. ''mouth of the Luga'', Votian: ''Laugasuu'', lit. ''mouth of the Luga'', fi, Laukaansuu) is a settlement and railway station in Kingiseppsky District of Leningrad Oblast, Russia, near the Estonian border ..., with a planned start in 2026. Referenc ...
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