Date: 6 months ago   Category: Energy

Novatek for the first time has in the history overtaken Gazprom on market capitalization — Rambler News Service


Photo: globallookpress.com Novatek for the first time has in the history overtaken Gazprom on market capitalization, data of the auction in the Moscow Exchange demonstrate. As of 10:46 Moscow time capitalization of Novatek makes 3,495 trillion rub, and Gazprom - 3,495 trillion rub, data of the exchange demonstrate. Stocks "Novatek at the same time have risen from opening of the auction 2,42% - up to 1,147 thousand rubles for paper, and stocks of Gazprom have risen in price for 0,24%, up to 147,41 rub for paper. The day before the head and the co-owner of Novatek Leonid Mikhelson has reported that the company has begun construction of the fourth production line of the Yamal LNG plant which will be realized on the basis of the technology of liquefaction developed by Novatek "The Arctic cascade". He has also noted that in three-four years Novatek can raise the plan for liquefied natural gas production (LNG) by 2030 from 57 million tons registered in the strategy of the company to 70 million tons. "In three-four years we will have an opportunity to increase our strategic plans to 70 million tons", - Mikhelson has told. In turn, the head of department of Novatek of the business development strategy and perspective projects Georgy Nozadze has explained that it is that after implementation of the Arktik SPG-2 project the company can build five more lines of LNG production instead of planned earlier three.

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