Corporate Developments Surrounding Novatek PJSC
During the trading session that concluded at 09:49 AM Central Europe on Friday, 23 October 2026, Novatek PJSC’s shares advanced 1.03 %. The current trading price, recorded on several major Russian exchanges, sits at approximately RUB 1,141.20 per share. With a circulating supply of roughly 3 billion shares, the company’s market capitalisation has reached RUB 38.9 billion, a figure that reflects the cumulative trading volume of RUB 3.5 billion within the past 24 hours.
Since the close of the previous month, the stock has posted a cumulative rise of 10.3 %. Its 200‑day simple moving average stands at RUB 1,066.08, indicating a sustained upward bias in the medium‑term trend. The peak of the last 52‑week cycle was achieved at RUB 1,476.80 on 3 September 2026, while the trough fell to RUB 863.50 on 17 July 2026.
Executive Commentary at the Verona Eurasian Economic Forum
In Istanbul, during the Verona Eurasian Economic Forum, Novatek’s Chief Executive Officer, Leonid Mihelson, addressed an assembled media cohort. He underscored that Russia’s exclusion from the global liquefied natural gas (LNG) market appears unlikely in the near term. Mihelson highlighted two prevailing concerns: the dissatisfaction of both consumers and suppliers with the current high LNG price level, and the need for the industry to anticipate forthcoming measures that aim to reinforce energy security.
He reiterated that Russia retains the capacity to supply LNG to alternate markets, including European destinations. Moreover, he suggested that European customers might be able to re‑direct their long‑term contracts to other suppliers if necessary. Mihelson urged European policymakers to reassess their energy strategies, stressing that industry support and policy reviews remain viable options. These remarks arrive amid EU deliberations on phasing out Russian natural gas imports, with prospective restrictions on long‑term LNG contracts slated for implementation next year.
Market Activity of Related Russian Shares
The 24‑hour performance of a selection of Russian equities offers further context for Novatek’s trajectory:
| Symbol | % Change | Current Price (RUB) | Market Cap (RUB bn) | P/E Ratio |
|---|---|---|---|---|
| MAGN.ME (Magnitogorsk Iron & Steel) | –0.21 % | 23.02 | 7.5 | – |
| MDMG.ME (Md Medical Investments) | –0.52 % | 1,280.3 | 17.8 | 5.76 |
| AKRN.ME (Acron) | –0.06 % | 19,478 | 7.0 | 20.6 |
| MTSS.ME (Mobile Telesystems) | –0.65 % | 174.7 | 7.0 | 13.72 |
| GAZP.ME (Gazprom) | +1.23 % | 110.82 | 31.4 | 2.76 |
These figures illustrate a modestly positive trend for the larger gas sector, with Gazprom experiencing a notable uptick that may influence investor sentiment toward the broader energy group, including Novatek.
Company Profile
Novatek PJSC is a leading Russian energy enterprise, specializing in the production and distribution of natural gas. Its operations encompass exploration, processing, transportation, and marketing of natural gas and liquid hydrocarbons. The company also offers services related to hydrocarbon reserve development, geological exploration, and gas condensate processing. Novatek’s corporate website can be accessed at www.novatek.ru , and its shares are listed on the Moscow Stock Exchange.
