The Novatek interview: Mark Gyetvay, CFO & deputy chairman

Only Subscribers can read the full Article

Russian gas producer Novatek made a strong impression on the LNG world when, barely a year ago, it delivered the first train of its Yamal LNG project on time and on budget, overcoming a hostile Arctic environment and myriads of technical, commercial and political challenges.

With Yamal Train 2 now also commissioned and Train 3 planned to start up before the end of the year — both significantly ahead of schedule — Novatek has made a name for itself among LNG suppliers in a very short time, while boosting the credibility of Russia’s LNG ambitions. LNG Business Review met with Mark Gyetvay, Novatek CFO and deputy chairman, at the Gastech conference in Barcelona to discuss Novatek's 100 mtpa LNG export ambitions, why creating a “centre of excellence” for LNG in Russia matters, and his company’s plans to establish a benchmark Russian FOB hub price at Kamchatka.

Subscription Benefits

Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

LNG Business Review

LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.

Gas Matters

Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.

Gas Matters Today

Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.