Novatek, Russia Oil and Gas

Novatek asks for benefits for the Arctic.

The company wants to monetize the Yamal gas through new LNG plants.

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NOVATEK reduces recycling of deethanized condensate by 10% within a quarter.

NOVATEK reduced the processing of deethanized condensate by 10% within Q1 2017.

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In Q1 Novatek cuts gas production by 8.8% - to 15.7 billion cubic meters.

In Q1 2017 "Novatek" reduced gas production by 8.8% - up to 15.72 billion cubic meters, as follows from the preliminary statements of the company.

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Government approved license issue to Novatek for Gydan deposit

The Government has approved the issue of a license to Novatek for the Gydan deposit in the Western Siberia without competition. Previously the PM, D.

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Rosneft keeps leadership on gas production among independent producers

In January-March 2017, Rosneft increased its gas production by 3.4% compared to the same period last year to 11.902 billion cubic meters, the Central Dispatch Department of the Fuel and Energy Sect

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In Q1, Rosneft reduced oil production by 0.5%

In January-March 2017, Rosneft reduced its oil production by 0.5% compared to the same period last year to 46.599 million tons.

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Gazprom to be able to transfer Yamal sites to Novatek through coordination with the Government

Gazprom will be able to transfer fields on Yamal to Novatek only through an agreement with the Government of the Russian Federation in case if such a need arises, head of the Federal Agency on Subs

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NOVATEK to have enough gas reserves for 24 years, American companies - for 9 years.

The reserves of gas produced by NOVATEK at the moment were enough for 24 more years, for American companies this period is 9 years, the head of Novatek Leonid Mikhelson stated at the international

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In Q1, Russia reduced oil production, but significantly increased gas

In March 2017, the oil and gas condensate production in Russia amounted to 46.739 million tons, which is by 1.4% more than in March 2016 and by 1.6% less than in October 2016.

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The first tanker arrives in Yamal LNG

Novatek has solved the second most difficult task after attracting financing for its largest project of Yamal LNG.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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