Shareholders of NOVATEK approved dividends for 6 months 2022 in the amount of ₽45 per ordinary share. The last day of purchase of securities to receive dividends is October 5, 2022. Dividend yield may amount to 4.89%.

Income tax rate for LNG producers in 2023-2025 is supposed to increase from the standard 20% to 32%, of which 17% will go to the regional budgets and 15% - to the federal budget, according to Kommersant sources familiar with the proposals of the Ministry of Finance. The tax increase would allow the Finance Ministry to raise up to ₽200 billion a year. The cha...

Withdrawal of additional revenues from LNG producers is planned due to an increase in the profit tax on gas production and sales, a source familiar with the text of the proposals of the Ministry of Finance told Interfax. The export duty on LNG for Novatek's Yamal LNG project is complicated by an intergovernmental agreement with China whose companies are part...

Lebanese Ministry of Energy and Water Resources will acquire Novatek's share in the country's offshore exploration projects after the Russian company decided to withdraw from them. The company owns 20% in the project to develop hydrocarbon blocks 4 and 9 on the shelf in the eastern part of the Mediterranean Sea.