Novatek | Egypt Oil & Gas - Part 3

Kuwait Boost Purchase of Russian LNG

Kuwait has plans to purchase up to 1.5m metric tons of LNG from Russia on an annual basis, according to Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh.

Russia’s Gazprom Argues Against Sharing Gas Exports to Europe

Russian gas export monopoly Gazprom said that it would not be in accordance with Russia's national interest to allow Novatek and Rosneft to export gas to Europe.

Novatek profits up 44%

Russia's biggest independent natural gas producer Novatek has raised its net profit attributable to shareholders by more than 44% to $1.9 billion in 2011 from 2010's $1.31 billion.

Novatek to Decide on Egypt in September After Writing Off Wells

OAO Novatek, Russia's second-biggest gas producer, will decide on further exploration at its development in Egypt in September after writing off some wells, Chief Financial Officer Mark Gyetvay said.

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