On 12 January 2007 in Kolomna, Lobkov improved his 2003 personal best of 34.51 seconds, set at the Olympic rink in Salt Lake City, down to a record level of 34.35. At the time, only the two Japanese skaters Joji Kato (34.30) and Hiroyasu Shimizu (34.32) had ever skated faster. At the 2007 World Sprint Championship in Vikingskipet, Hamar, Lobkov won bronze and silver medals at the two 500-m races, and was ranked fourth overall, after Lee Kyou-hyuk, Pekka Koskela and Shani Davis. Lobkov missed the overall bronze medal by the slim margin of 0.060 points.