NOVATEK will not publish financial statements for the third quarter of 2022
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Russia’s largest natural gas producer NOVATEK announcedthat it will not publish financial statements and hold a teleconference with investors on the results of the third quarter of 2022. The reasons for this decision were not given by the company.
In March, to protect against possible sanctions, the government allowed to Russian issuers until the end of 2022 not to disclose their reporting and information on the issue of securities. Prior to this, NOVATEK used this opportunity twice – in the first and second quarters.
Earlier, the company reported that in the first nine months of 2022, LNG sales on international markets increased by only 0.2%, to 5.99 billion cubic meters. m, but in the third quarter the growth was immediately 12.9%, up to 1.93 billion cubic meters. However, NOVATEK did not specify how much gas it sells to Asia and how much to Europe.
Read more about LNG supplies from Russia in the Kommersant article “Europe takes Russian gas by tankers”.
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