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Novatek founds its own shipbuilding division due to shortage of gas tankers

On March 25 Novatek founded the company Severny Inzhiniring to build ships and floating units itself. The move responds to a sanctions-related shortage of ice-class tankers for LNG transport; Ilja Luschtschikow will lead it. At the same time the Swesda shipyard is building Arc7 tankers for the Arctic LNG 2 project, in which Novatek holds 60% and for which a total of 15 Arc7 tankers are planned. » More on de.investing.com
Senators say Novatek's Arctic LNG 2 sales to China continue amid lax U.S. sanctions enforcement

Four Democratic U.S. senators, led by Elizabeth Warren, warned that weak enforcement of sanctions has allowed Novatek to sell about 14 Arctic LNG 2 cargoes since August, with Chinese buyers receiving discounts of roughly 30–40%. The senators say these sales generate billions in revenue that help fund Russia's war in Ukraine and urged the administration to resume targeted sanctions and require congressional review of any sanction rollbacks. The State Department said it would carefully consider imposing sanctions but has not fully answered the senators' questions about the facility. » More on yahoo.com
Novatek increases Arctic LNG 2 exports to Asia amid Western sanctions and geopolitical tensions

Novatek has ramped up LNG shipments from its Arctic LNG 2 facility to Asian markets, circumventing Western sanctions through alternative shipping routes and shadow fleets. The company faces ongoing challenges, including storage constraints, finding buyers, and tightening sanctions from the US and EU, while geopolitical instability in the Middle East boosts demand for Russian LNG in Asia. Calls are growing for the US and Europe to further restrict Russian energy exports to pressure Moscow over the Ukraine conflict. » More on forbes.com

Historical dividends Dividends

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In 2021, Novatek has already paid €6.02 in dividends. The last payout was in November 2021.

Fundamentals

Metric	Value
Market capitalization	€19.18B
Number of shares	299.86M
52-week high/low	€234.95 - €0.49
Dividends	No
Beta	-34.12
P/E ratio	19.35
PEG ratio	-0.36
P/B ratio	1.17
P/S ratio	2.30

Company profile

PAO NOVATEK, an independent oil and gas company, engages in the acquisition, exploration, development, production, processing, marketing, and export of natural gas and liquid hydrocarbons. The company principally holds interests in reserves located in the Yamal-Nenets Autonomous Region, Western Siberia. It sells natural gas, stable gas condensate, gas condensate refined products, liquefied petroleum gas, crude oil, naphtha, diesel fuel, jet fuel, methanol, and petrol. The company also provides transportation, geological and geophysical research, repair and maintenance of energy equipment, and rent and other services; and operates retail stations. It sells its products in Russia, Europe, the Asia-Pacific region, the Middle East, North America, and internationally. PAO NOVATEK has a strategic cooperation agreement with Japan Bank for International Cooperation to cooperate on projects to produce hydrogen and ammonia, carbon capture, utilization, and storage technologies, as well as renewable energy projects in Russia. The company was formerly known as OAO NOVATEK and changed its name to PAO NOVATEK in October 2016. PAO NOVATEK was founded in 1994 and is based in Tarko-Sale, Russia.