French company suffers costs due to sanctions.
India has refused to buy gas from the sanctioned Arctic LNG 2 project.
The company cannot develop them due to sanctions.
Novatek denies Western media reports that the company is forming a fleet of "gray" tankers for the sanctioned Arctic LNG-2 project.
Europe plans to ban LNG imports from Russia as early as 2024.
Novatek has sharply reduced gas production at the Arctic LNG 2 project due to the lack of gas carriers.
In 2022-2023, German, Italian, and French companies supplied equipment worth 580 million euros for the Arctic LNG-2 project.
In 2024, 7 Russian oil refineries, providing up to a third of the country’s petroleum product production, were attacked by Ukrainian drones.
The projects of their company Novatek, including the newest Arctic LNG-2, were left without gas carriers for years to come due to the war against Ukraine and US sanctions.
Oleg Deripaska, Leonid Mikhelson, Sergei Gordeev, Mikhail Gutseriev and other businessmen hire volunteers who go to war against Ukraine. At the same time, their companies, through which all this is done - Rusal, Novatek, PIK, Mospromstroy - happily avoid Western sanctions.
A businessman structure buys a large contractor of a gas company.
In 2020, NOVATEK will not receive a single ruble from the federal budget for its projects. Leonid Mikhelson threatened to disrupt the Arctic LNG-2 project.
By threat - most of the fleet ordered by the company under Yamal LNG.
The businessman and friend of Vladimir Putin, Gennady Timchenko, with $ 22.1 billion among the richest Russians, is second only to his Novatek and Sibur partner Leonid Mikhelson.
The invisible battle between the Rosneft and Novatek companies for a place under the Arctic "sun" continues.
Oil industry workers, gas producers and metallurgists are the most successful businessmen in the Forbes list of the richest people. But there are exceptions.
However, there is no real pressure from outside on the project, according to experts polled by Forbes.
The company announced the discovery of an offshore field in the Arctic with reserves of at least 320 billion cubic meters.
Mega projects of Novatek, which would not have been possible without the partnership of Leonid Mikhelson and Gennady Timchenko, can make them the richest people in Russia - with a big gap from competitors in the Forbes rating.
A good and very clear example of how Russian companies adjust to the sanctions is the gas giant Novatek. For Leonid Mikhelson's entry into the sanctions list there are more economic reasons than political ones, but this did not prevent Novatek from launching its main project, Yamal LNG.
Both oligarchs increased their fortunes by 1.4 billion dollars due to the growth of Novatek shares.
Its capacity is 20 million tons of LNG.
The joint project of Novatek and Chinese and French investors in the Russian Arctic can reach the planned capacity of gas production already in 2018.
Two gas carriers of the company arrived in China, the third one will come to the end of July.
Out of 23.49% of the shares of the gas company owned by him, he transferred 19.16% to the dummy company "Ena Invest". Perhaps for the purpose of further sale or collateral. Now such a package is estimated at 500 billion rubles.
German authorities accuse the co-owner of the company Novatek and the former State Duma deputy in the illegal acquisition of the ancient castle of Reinhardsbrunn and intend to take away the property.
Novatek plans to reduce its stake in the project to 60%. At the same time, without the financial and tax support of the state, this project is not consistent.
The Ministry of Industry and Trade introduced a draft law to the government on restricting admission to the Northern Sea Route of gas-carriers of foreign construction. Will suffer from this "Novatek" Leonid Mikhelson. Attack on it is supported by Rosneft Igor Sechin.