Novatek makes board changes

Russian independent LNG producer Novatek said it has made changes to its management board.

Novatek said in a statement its management board has terminated the powers of Evgeny Kot, who served as LNG director.

The company’s board has appointed Sergey Solovyov as the deputy chairman of the management board – director for prospective projects with authority over LNG, decarbonization and gas chemical projects, it said.

Solovyov previously held the position of deputy chairman of the management board – director for geology.

Novatek’s board also elected Vladimir Kudrin to replace Solovyov in this position.

Kudrin has worked for a total of 20 years in the company’s subsidiaries and joint ventures, and held the position of general director in Arcticgas for the last 7 years, Novatek said.

Besides these board changes, Novatek said in a separate statement it has approved a new share buyback program in the aggregate amount of up to $1 billion.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Novatek’s gas sales climb in Q2

Russian LNG exporter Novatek reported a rise in its natural gas sales, including LNG, in the second quarter of this year.

Russian LNG production drops in May

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

Russia’s Novatek in LNG truck move

Russian LNG producer Novatek and compatriot National Carrier (NATCAR) are joining fores to develop the market for LNG as fuel for trucks.

Russian LNG production drops in April

Russian liquefied natural gas (LNG) production decreased in April compared to last year, according to the Russian statistics agency Rosstat.