27 April 2024
Novatek’s Q2 profits slide despite Yamal LNG going above and beyond
Publication date: 30 July 2020
Gas Strategies Group
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Russian LNG pioneer Novatek yesterday posted a 39% drop in earnings and 67% fall in “normalized” post-tax profit in Q2’20 compared to the previous year citing reduced LNG sales on international markets and unfavourable exchange rates, which the company blamed on the economic impacts of Covid-19. The poor results overshadowed stellar performance at ...
Photo: Yamal LNG (credit Novatek)