A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.
Russia’s gas independent Novatek is extending its move into the downstream, launching an LNG fuelling station in Germany and delivering ISO tanks to China.
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Russia’s largest independent natural gas producer Novatek has signed a Memorandum of Understanding for the creation of a centre for the construction of large-scale offshore structures in Murmansk.
Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.
The deal may close in the coming weeks, the daily quoted three sources familiar with the talks as saying. It quoted one of source as saying the buyer was China's infrastructure fund Silk Road.
Novatek, Russia's No. 2 gas producer, made second-quarter net profit of 41.9 billion roubles ($703 million), up 31 percent year-on-year on stronger sales, it said on Wednesday.
Analysts had expected the firm to post 38 billion roubles in quarterly net profit.
The company said its revenues were at 112.2 billion roubles, up from 88.4 billion roubles in the same period last year.