Yamal LNG: Timchenko's $650 million deal

Russian gas firm Novatek (NVTK.MM) will make a $650 million acquisition of gas firm Yamal LNG in cash, its chief financial officer said on Wednesday, denying media reports it may make the payment in its shares. "It is a cash deal... in several tranches. The first tranche...

Novatek/Yamal LNG: oil trader Timchenko's last bold moves

Gennady Timchenko, the world's most powerful independent trader of Russian oil, has increased his stake in Russian gas company OAO Novatek (NVTK.RS) to 18.2%, his Luxembourg-based fund Volga Resources SICAV-SIF S.A. said late Wednesday. In the mean time, the Finnish...