AsiaCorporateLNG Terminals

Russia’s Yamal LNG to pay first dividends

By LNG Prime Staff
Russia's Yamal LNG to pay first dividends
Image: Novatek

Russian independent LNG producer Novatek said that the shareholders of Yamal LNG have approved the giant Arctic project’s first dividends.

“The extraordinary general meeting of shareholders of Yamal LNG resolved to pay dividends to the project’s shareholders for the first nine months of 2021, Novatek-led Yamal LNG said in a statement on Friday.

Also, the total dividend payments would amount to 31.4 billion roubles ($427.6 million), it said.

The Yamal LNG plant in Sabetta has three 5.5 mtpa liquefaction trains and one smaller unit with a capacity of about 900 thousand tons per year.

Novatek and partners launched production at the first train in the fourth quarter of 2017, followed by Trains 2 and 3 in July 2018 and November 2018, respectfully.

The fourth train started pilot LNG production in December last year, but Novatek previously said it was still working to reach the train’s full production capacity.

Besides Novatek that holds 50.1 percent in Yamal LNG, other shareholders include France’s TotalEnergies and China’s CNPC with a 20 percent stake, each, and the Silk Road Fund that owns a 9.9 percent share.

Most Popular

Contracts and Tenders

Posco International, Glenfarne ink Alaska LNG pact

US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.
Contracts and Tenders

Monkey Island LNG pens offtake MoU

Houston-based Monkey Island LNG, the developer of a 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana, said it had signed a memorandum of understanding with an unidentified international oil company for the offtake of LNG.
Research and Development

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

More News Like This

LNG Terminals

Russian LNG production down 4.2 percent in January-July

Russian liquefied natural gas (LNG) production dropped 4.2 percent in January-July this year compared to the same period in 2024, according to the Russian statistics agency Rosstat.
Corporate

Novatek reports lower H1 profit

Russian LNG producer Novatek reported a 34 percent drop in its net profit in the first half of this year.
LNG Terminals

Russian LNG production continues to decline

Russian liquefied natural gas (LNG) production continued to decrease in June compared to last year, according to the Russian statistics agency Rosstat.
Vessels

EU lifts sanctions against LNG carrier trio

The European Union has lifted sanctions against three ice-class liquefied natural gas (LNG) tankers operated by Japan's shipping giant MOL and intended to serve Novatek's Arctic LNG projects in Russia.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA