Russia's Putin approves no-disclosure waiver for Novatek, Surgut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
0mins
Should l Buy ?
Source: Reuters
New Decree on Business Disclosure: Russian President Vladimir Putin has signed a decree allowing Novatek and Surgutneftegaz to limit public disclosure about their businesses, as part of efforts to mitigate the impact of Western sanctions following the Ukraine conflict.
Impact on LNG Operations: The decree includes projects like Yamal LNG and Arctic LNG 2, with Novatek recently halting operations at Arctic LNG 2's first train and no plans for a winter restart, reflecting ongoing challenges in the energy sector.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
